NOTE 7 - SHAREHOLDERS' EQUITY

12 Months Ended

Apr. 30, 2016

Equity [Abstract]

NOTE 7 - SHAREHOLDERS' EQUITY

NOTE 7 - SHAREHOLDERS’ EQUITY

On February 4, 2016, the Company filed a Certificate of Amendment with the Nevada Secretary of State whereby it amended its Articles of Incorporation to increase the Company’s authorized number of shares of common stock from 100 million to 250 million and decrease all of its issued and outstanding shares of common stock at a ratio of one (1) share for every one thousand (1,000) shares held.

All relevant information relating to numbers of shares and per share information have been retroactively adjusted to reflect the reverse stock split for all periods presented.

Preferred Stock

The authorized preferred stock of the Company consists of 10,000,000 shares with a par value of $0.001. The Company has not issued any shares of Class A Convertible Preferred Stock as of April 30, 2016.

Common Stock

The authorized common stock of the Company consists of 250,000,000 shares with a par value of $0.001. Each common share entitles the holder to one vote, in person or proxy, on any matter on which action of the stockholders of the corporation is sought.

The Company did not issue any new common shares during the years ended April 30, 2016 and 2015

As at April 30, 2016 and 2015, there are 88,426 shares of common stock issued and outstanding.

Pertinent Rights and Privileges

Holders are not entitled to pre-emptive or referential rights to subscribe to unissued stock or other securities. Holders do not have cumulative voting rights. Preferred stockholders of Class A Convertible Preferred Stock do not have a right to vote their shares except as determined by the Board of Directors.

Additional Paid In Capital

During the year ended April 30, 2016, the Company recorded as discount on the convertible note due to a beneficial conversion feature of $51,221(Note 9).

During the year ended April 30, 2015, the Company recorded additional paid in capital as follows;

· Our former CEO contributed office space valued at $3,600.

· A related party contributed accounting and tax services totaling $4,000

· On January 30, 2015, our former CEO and majority shareholder waived in full related party advances totaling $47,403