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NOTE 7 - STOCKHOLDERS EQUITY
12 Months Ended
Jun. 30, 2012
Equity [Abstract]  
NOTE 7 - STOCKHOLDERS EQUITY

 

NOTE 7 – STOCKHOLDERS’ EQUITY

 

The Company's capitalization is 100,000,000 common shares with a par value of $0.0001 per share. At June 30, 2012, after the recapitalization described in Note 5, the Company had 17,374,841 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 at June 30, 2012.

 

The Company conducted a private placement offering to a limited number of foreign investors under which the Company had issued a total of 1,120,000 shares, of its common stock, at a price of fifty cents ($0.50) per share during the period ending June 30, 2012. The Company further received new subscriptions, under the private placement offering, for 100,000 shares as of June 30, 2012, for which the company received $50,000 cash in July 2012.

 

The Company issued 75,000 shares of its common stock, to two shareholders, for services relating to administrative and organizational costs totaling $50,463. The 75,000 shares were exchanged for 12,000,000 shares in the Share Exchange Agreement. See Note 5 - Recapitalization