EQUITY

3 Months Ended

Jul. 31, 2022

EQUITY

EQUITY

NOTE 6 - EQUITY

Authorized Preferred Stock

The Company has authorized 10,000,000 shares of preferred stock at par value of $0.001 per share.

On July 1, 2022, the Board of Directors of the Company, by unanimous consent, approved and authorized the Certificate of Designation for 100,000 shares of its Series A Preferred Stock, par value $0.001, to be executed by proper officer of the Company and filed with the State of Nevada.

· The Series A Preferred Shares share in any dividends pari passu with the holders of common stock;

· The Series A Preferred Shares have a liquidation preference equal to $10.00 per share;

· Each share of Series A Preferred Stock entitles the holder to 10 votes on any matter presented to the holders of the Common Stock;

· The Series A Preferred Shares have the right to convert into shares of Common Stock at a 25% discount to the next financing of $1,000,000 or more, subject to adjustment for stock splits or combinations, dividends and distributions of Common Shares, reorganizations, mergers or consolidations, or for issuance of shares of common stock below the conversion price;

· The Company has no right to redeem the shares; and

On July 1, 2022, the Company issued all 100,000 shares of the Series A Preferred Stock for acquisition of RAC (see Note 1).

As of July 31, 2022, the Company had 100,000 shares of preferred stock issued and outstanding.

Authorized Common Stock

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

On July 1, 2022, the Company recognized the equity of iMine as part of the reorganization which resulted in the Company recognizing the issued and outstanding 595,986 shares of common stock.

As of July 31, 2022, the Company had 595,986 shares of common stock issued and outstanding.

As of July 31, 2022, the Company had no options and warrants outstanding.