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COMMON STOCK
6 Months Ended
Sep. 30, 2019
COMMON STOCK  
NOTE 8 - COMMON STOCK

The Company has 300,000,000 authorized common shares at $0.001 par value.

 

Six Months Ended September 30, 2019

 

On April 4, 2019, the Company issued 3,000,000 shares of common stock to the President of the Company as compensation for management services valued at $0.03 per share.

 

On May 1, 2019, principal amount of $5,700 of the convertible notes was converted to 570,000 shares of common stock.

 

Year Ended March 31, 2019

 

On March 4, 2019, a majority of our shareholders approved a reverse stock split on a basis of 100 old shares for 1 new share of our issued and outstanding common stock. No fractional shares of common stock will be issued as a result of the reverse split. Any fractional shares that would have resulted from the reverse split will be rounded up to the next whole number. As a result of the reverse split, our issued and outstanding shares of common stock will decrease from 30,099,230 to 300,993 shares of common stock. We confirm that our authorized capital will remain unchanged.

 

The reverse split has been reviewed by the Financial Industry Regulatory Authority (FINRA) and has been approved for filing with an effective date of March 19, 2019.

 

As at September 30, 2019 and March 31, 2019, the Company had a total of 3,874,473 and 300,993 common shares issued and outstanding, respectively.