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DEPOSIT FOR ASSET ACQUISITION
9 Months Ended
Apr. 30, 2024
DEPOSIT FOR ASSET ACQUISITION  
DEPOSIT FOR ASSET ACQUISITION

NOTE 5 – DEPOSIT FOR ASSET ACQUISITION

 

On February 1, 2024, the Company’s board of directors authorized the CEO to issue up to 7,000,000 shares of restricted common stock in the completion of various acquisitions of his identification and approval. On February 6, 2024, the Company issued 5,000,000 shares of common stock in connection with assets purchase agreement of an entity and payment of $48,000 in March 2024.

 

As of April 30, 2024, the acquisition was not completed, and the Company valued the stock issuance at market prices on issuance date, valued at $7,500,000 and recognized a deposit for asset acquisition of $7,548,000.