CAPITAL STOCK

6 Months Ended

Jan. 31, 2015

Stockholders' Equity Note [Abstract]

CAPITAL STOCK

NOTE 2 -   CAPITAL STOCK

Authorized Stock

The Company has authorized 300,000,000 shares of common stock with a par value of $0.001 per share.  Each share of common stock entitles the holder to one vote, in person or proxy, on any matter on which action of the stockholders of the corporation is sought.

Share Issuance

On November 20, 2014, the Company issued 2,700,000 shares of common stock to Kel-Ex Development Ltd. ("Kel-Ex") with a deemed price of $1.87 per share in connection with the Batovi Diamond Project.

On December 19, 2014, the Company issued 8,954 shares of common stock with a fair market value of $1.70 per share to DMH Stallard LLP for costs related to Batovi Diamond Project.

There were 52,042,286 and 49,333,332 shares of common stock issued and outstanding as at January 31, 2015 and July 31, 2014, respectively.