XML 41 R15.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
COMMON STOCK AND WARRANTS
6 Months Ended
Jun. 30, 2019
Accounting Policies [Abstract]  
COMMON STOCK AND WARRANTS

NOTE 9 – COMMON STOCK AND WARRANTS

 

Common Stock and shares to be issued

 

The Company is authorized to issue 500,000,000 common stock with a par value of $0.0001.

 

For the three months ended June 30, 2019, on April 20, 2019, the Company issued 500,000 shares of the common stock to an arm’s length third party as compensation for services rendered. The fair value of these shares was determined by using the market price of the common stock as at the date of issuance.

 

For the three months ended June 30, 2019, in April 2019, the Company received $15,385 (C$20,000) subscription fund from an investor and issued 181,818 non-registered shares of the Company's common stock in July 2019.

 

For the three months ended June 30, 2019, in May 2019, the Company completed several private placements for the sale of non-registered shares of the Company's common stock. As a result of these private placements 1,038,461 non-registered shares of the Company's common stock was issued for proceeds of $103,846 (C$135,000).

 

For the six months ended June 30, 2019, on January 20, 2019, the Company issued 1,000,000 shares of the common stock to an arm’s length third party as compensation for services rendered. The fair value of these shares was determined by using the market price of the common stock as at the date of issuance.

 

For the three months ended June 30, 2018, the Company completed several private placements for the sale of non-registered shares of the Company's common stock. As a result of these private placements 687,500 non-registered shares of the Company's common stock was issued for proceeds of $39,671.

 

For the three months ended June 30, 2018, on April 11, 2018, the Company issued 1,500,000 shares of the common stock to a corporation controlled by an officer of the Company as compensation for services rendered, and on April 14, 2018, the company issued 1,000,000 shares of the common stock to a current officer of the Company who at that time was an arm’s length consultant, as compensation for services rendered. The fair value of these shares in amount of $337,250 was determined by using the market price of the common stock as at the date of issuance. (note 10, note 11)

 

For the six months ended June 30, 2018, the Company completed several private placements for the sale of non-registered shares of the Company's common stock. As a result of these private placements 887,500 non-registered shares of the Company's common stock were issued for proceeds of $80,342. 

 

Common Share Purchase Warrants

 

The Company had no warrants outstanding at June 30, 2019.

 

The Company had the following warrants outstanding at June 30, 2018.

 

Grant date   Warrants   Weighted Average
Exercise Price (C$)
  Expiry
November 23, 2016         600,000   0.50   October 31, 2018
          600,000