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9. Subsequent Events
3 Months Ended
Dec. 31, 2018
Notes  
9. Subsequent Events

9.    Subsequent Events

 

(a)   On January 3, 2019, the Company issued a convertible note payable for $54,000.  Under the terms of the note, the amount owing is unsecured, bears interest at 10% per annum, and is due on January 3, 2020.  The note is also convertible into common shares of the Company at 66% of the lowest trading price of the Company’s common share for the twenty trading days prior to the date of conversion.

 

(b)  On January 4, 2019, the Company issued a convertible note payable for $55,000.  Under the terms of the note, the amount owing is unsecured, bears interest at 12% per annum which increases to 22% per annum if the note is in default, and is due on October 30, 2019.  The note is convertible into common shares of the Company at 61% of the lowest trading price of the Company’s common share for the ten trading days prior to the date of conversion.

 

(c)   On January 8, 2019, the Company issued 708,006 common shares upon the conversion of $75,000 of convertible notes payable and $4,438 of accrued interest.

 

(d)  On January 9, 2019, the Company issued a convertible note payable for $220,000.  Under the terms of the note, the amount owing is unsecured, bears interest at 10% per annum, and is due on January 9, 2020.  The note is also convertible into common shares of the Company at 66% of the lowest trading price of the Company’s common share for the twenty trading days prior to the date of conversion.

 

(e)   On January 9, 2019, the Company issued a convertible note payable for $220,000.  Under the terms of the note, the amount owing is unsecured, bears interest at 10% per annum, and is due on January 9, 2020.  The note is also convertible into common shares of the Company at 66% of the lowest trading price of the Company’s common share for the twenty trading days prior to the date of conversion.

 

(f)   On January 11, 2019, the Company issued 12,700,000 common shares for services, including 2,000,000 common shares the Chief Executive Officer of the Company, and 4,000,000 common shares to directors of the Company. 

 

(g)  On January 11, 2019, the Company issued 180,181 common shares upon the conversion of $15,000 of convertible notes payable.

 

(h)  On January 14, 2019, the Company issued 180,180 common shares upon the conversion of $15,000 of convertible notes payable. 

 

(i)   On January 25, 2019, the Company issued a convertible note payable for $110,000.  Under the terms of the note, the amount owing is unsecured, bears interest at 10% per annum which increases to 24% per annum if the note is in default, and is due on October 25, 2019.  The note is also convertible into common shares of the Company at 68% of the lowest trading price of the Company’s common share for the twenty trading days prior to the date of conversion.

 

(j)   On January 25, 2019, the Company issued a convertible note payable for $82,000.  Under the terms of the note, the amount owing is unsecured, bears interest at 10% per annum which increases to 24% per annum if the note is in default, and is due on October 25, 2019.  The note is also convertible into common shares of the Company at 68% of the lowest trading price of the Company’s common share for the twenty trading days prior to the date of conversion.

 

(k)  On January 25, 2019, the Company acquired 113 acres of land in the county of Nye, Nevada for 100,000 common shares of the Company and $220,000, of which $170,000 is a loan from the seller which is secured against the property, bears interest at 6% per annum and is due by monthly payments of $3,992 commencing February 2019 to January 2023.