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INVESTMENT IN ICROWDU INC.
9 Months Ended
May 31, 2018
Business Combinations [Abstract]  
INVESTMENT IN ICROWDU INC.

NOTE 5 – INVESTMENT IN ICROWDU INC.

 

On May 9, 2018, the Company entered into an investor agreement with iCrowdU Inc. The Company agreed to purchase 228,013 shares of iCrowdU Inc. at a share price of $1.228 for total consideration of $280,000. iCrowdU Inc. offers an online platform and mobile app for crowd funding services targeting the global crowd funding market.

 

The Company has agreed to purchase up to 51% of iCrowdU Inc. for a total investment of $10,000,000.

 

During the nine months ended Mary 31, 2018, the Company issued 2,000,000 common shares in relation to the iCrowdU Inc. acquisition.