Note 8 - Stockholder's Equity

12 Months Ended

Jun. 30, 2015

Notes

Note 8 - Stockholder's Equity

NOTE 8 – STOCKHOLDERS’ EQUITY

The Company's capitalization is 100,000,000 common shares authorized, with a par value of $0.0001 per share. At June 30, 2015, the Company had 3,847,236 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, 2015.

In May 2014, the Company issued 33,333 shares of common stock for $25,000 of cash.

In June, 2014, the Company issued 267,108 shares of common stock for settlement of liabilities of $780,035 (Note 6). The Company also issued 158,500 shares of the Company’s common stock to Ghana Journeys valued at $4.20 per share or $665,700 in conjunction with the sale of ASHG (Note 7).

In August 2014 the company issued 314,252 shares of common stock for $50,000 of cash.

In October 2014 the company issued 1,885,714 shares of common stock for $300,000 of cash.

Effective December 15, 2014, the company, effected a 30 for 1 reverse stock split of its authorized and outstanding common stock by filing an Amended and Restated Certificate of Incorporation with the Delaware Secretary of State. As a result, the previously issued and outstanding number of shares of common stock at that time decreased from 98,660,002 shares of common stock to 3,288,280. Stockholders holding less than 30 shares of common stock prior to the reverse stock split will receive cash rather than fractional shares. There was no change in the number of authorized shares nor was there a change in the par value.

In December 2014 the company issued 46,667 shares of common stock for the purchase of website domain names for a purchase price of $81,667 which reflects the market price ($1.75 per share) of the Company’s stock at the time the shares were issued.

In December 2014 the company issued 200,001 of common stock for payment of $150,001 of compensation to three of its directors (Note 9).

In February and March of 2015 the company issued 137,000 shares of common stock for $137,000 of cash.

On June 30, 2015 the company issued 175,000 shares of common stock for subscription agreements in the amount of $393,750 that was paid in cash in July 2015.