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5. Common Shares
9 Months Ended
Jun. 30, 2018
Notes  
5. Common Shares

5.    Common Shares

 

The Company’s authorized common stock consists of 500,000,000 shares of common stock, with par value of $0.001.

 

(a)   On December 5, 2017, the Company issued 578,696 common shares as part of a conversion of $66,550 of convertible notes payable and accrued interest.

 

(b)  On December 18, 2017, the Company cancelled 1,000,000 common shares issued to the Chief Executive Officer of the Company which was previously issued in error.

 

(c)   On December 29, 2017, the Company issued 19,700,000 common shares with a fair value of $1,970,000 for services, including 5,000,000 common shares to the Chief Executive Officer of the Company, and 4,000,000 common shares to directors of the Company. In addition, the Company also issued 1,000,000 common shares to the Chief Executive Officer of the Company to replace the common shares that were previously issued in error and cancelled on December 18, 2017.

 

(d)  On January 29, 2018, the Company issued 3,600,000 common shares with a fair value of $360,000 of which $135,000 has been recorded in prepaid expense as at June 30, 2018. In addition, the Company issued 2,400,000 common shares for consulting services with a fair value of $240,000, of which $180,000 has been recorded as prepaid expense as at June 30, 2018

 

(e)   On January 29, 2018, the Company issued 1,440,000 common shares for professional fees with a fair value of $144,000.

 

(f)   On February 2, 2018, the Company issued 578,696 common shares as part of a conversion of $66,550 of convertible notes payable and accrued interest.

 

(g)  On March 8, 2018, the Company issued 2,000,000 common shares to officers of the Company for management fees with a fair value of $190,000, of which 1,000,000 common shares were issuable on each of January 1, 2018 and June 1, 2018.

 

(h)  On March 8, 2018, the Company issued 350,000 common shares for consulting services with a fair value of $33,250.

 

(i)   On April 19, 2018, the Company issued 717,391 common shares as part of a conversion of $82,500 of convertible notes payable and accrued interest.

 

(j)   On May 11, 2018, the Company issued 1,052,174 common shares as part of a conversion of $121,100 of convertible notes payable and accrued interest.

 

(k)  On May 23, 2018, the Company issued 817,391 common shares as part of a conversion of $94,000 of convertible notes payable.

 

(l)   On June 22, 2018, the Company issued 666,666 common shares for proceeds of $667 pursuant to the exercise of warrants.