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Note 7. Related Party Payable
3 Months Ended
Aug. 31, 2013
Notes  
Note 7. Related Party Payable

Note 7. Related Party Payable

 

Littlebird Capital Ltd. provided financing to the Company during the three months ended August 31, 2013 while the asset purchase agreement from the Sandwich Isles Trading Company was in process.  Once the asset purchase agreement is finalized and a subscription agreement is drafted for Littlebird Capital Ltd, the payable will become an advance in conjunction with the capital contributed into the Company.  On September 18, 2013 a private placement subscription agreement was offered between Littlebird Capital Ltd. and the Company of 1,111,111 shares at $0.45 per share for the aggregate subscription price of $500,000.  This agreement was executed on October 4, 2013.