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RELATED PARTY TRANSACTIONS
3 Months Ended
Nov. 30, 2024
RELATED PARTY TRANSACTIONS  
RELATED PARTY TRANSACTIONS

NOTE 3 – RELATED PARTY TRANSACTIONS

 

In support of the Company’s efforts and cash requirements, it may rely on advances from related parties until such a time that the Company can support its operations or attain adequate financing through sales of its equity or traditional debt financing. There is no formal written commitment for continued support by shareholders.

 

During the three months ended November 30, 2024, and 2023, the Company’s former CEO and Director advanced to the Company an amount of $56,424 and $0 by paying operating expenses on behalf of the Company, respectively.

 

During the three months ended November 30, 2024, the Company’s shareholder advanced to the Company an amount of $3,550 by paying for operating expenses on behalf of the Company.

 

Pursuant to a change in control dated September 23, 2024, the Company’s former CEO and Director forgave the outstanding balance of $73,823.

 

As of November 30, 2024 and August 31,2024, the Company was obligated to the former CEO and Director for a balance of $0 and $17,400, which was unsecured, non-interest-bearing and due on demand. Pursuant to a change in control dated September 23, 2024, the Company’s former CEO and Director forgave the outstanding balance of $73,823.

 

As of November 30, 2024, the Company was obligated to the current shareholder for a balance of $3,550, which is unsecured, non-interest-bearing and due on demand and has not been formalized by a promissory note.