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4. Share Capital
6 Months Ended
Apr. 30, 2016
Notes to Financial Statements  
4. Share Capital

The Company is authorized to issue 400,000,000 shares of capital stock, par value of $0.00025.

 

The shares can be divided into such classes and series as the directors may determine. As at January 31, 2016 the Company only has one class and series of shares.

 

On December 30, 2014, the Board of Directors approved the forward-split of the issued and outstanding common stock on the basis of four new shares for each share, effective upon the approval of the regulatory authorities.  The Company’s common stock was forward-split effective as of February 3, 2015.

 

The application of the forward-split has been shown retroactively in these financial statements.

 

During the six months ended April 30, 2016, the Company:

 

· On April 29, 2016 issued 1,000,000 shares for cash proceeds of $25,000.

 

For additional details of stock issuances prior to the six months ended April 30, 2016 please see the Form 10-K for the fiscal year ended October 31, 2015 filed with the Securities Exchange Commission on February 10, 2016.