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EQUITY
12 Months Ended
Aug. 31, 2016
Notes to Financial Statements  
Note 5. EQUITY

The Company has 75,000,000 shares of common stock authorized with a par value of $ 0.001 per share.

 

During the year ended August 31, 2016, the company issued 12,780,000 common shares, par value of $0.01, for proceeds of $163,600 to four unrelated parties.

 

On June 3, 2016, the Company sold 10,000,000 shares of its common stock to a related party (an executive officer and sole director of the Company) at $0.01 per share for total proceeds of $100,000. The shares were sold pursuant to the exemption from registration set forth in Rule 506 of Regulation D as promulgated under the Securities Act of 1933, as amended, constitute "restricted securities" as that term is defined in Rule 144 promulgated under the Act, and contain a standard restrictive legend. The funds were received by the Company on June 3, 2016.

  

As at August 31, 2016, 26,150,000 issued and outstanding shares of common stock were held by approximately 11 shareholders of record.