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3.Stockholders' Equity:
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3 Months Ended | ||
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Aug. 31, 2011
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| Stockholders' Equity Note Disclosure [Text Block] |
At
May 31, 2011 and 2010, the Company was authorized to issue
80,000,000 shares of common stock, $.001 par value per
share. In addition, 20,000,000 shares of $.001 par
value preferred stock were authorized, but none has been
issued. All commons stock shares have full
dividend rights. However, it is not anticipated
that the Registrant will be declaring distributions in the
foreseeable future.
During
the quarter ended August 31, 2011 the Company issued
4,533,333 shares of common stock for cash consideration of
$544,000.
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