NOTE 7 - STOCKHOLDERS’ EQUITY (DEFICIT)

9 Months Ended

Mar. 31, 2013

Equity [Abstract]

STOCKHOLDERS’ EQUITY (DEFICIT)

NOTE 7 – STOCKHOLDERS’ EQUITY (DEFICIT)

The Company's capitalization is 100,000,000 common shares with a par value of $0.0001 per share. As of March 31, 2013, the Company had 18,374,841 common shares outstanding.

Preferred shares of 400,000 with a par value of $0.0001 have been authorized and no shares are issued or outstanding as of March 31, 2013.

During 2012, the Company conducted a private placement offering to a limited number of foreign investors under which the Company issued a total of 2,220,000 shares, of its common stock, at a price of fifty cents ($0.50) per share for a total of $1,110,000. Of the 2,220,000 shares sold by the Company 1,220,000 were sold prior to June 30, 2012. The remaining 1,000,000 were sold during the nine months ended March 31, 2013.

Initially CPGL issued 75,000 shares of its common stock, to two shareholders, for services relating to administrative and organizational costs totaling $50,463. It was these 75,000 shares that were exchanged for the newly issued 12,000,000 shares in the Share Exchange Agreement. See Note 4 – Recapitalization.