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COMMON STOCK
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3 Months Ended |
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Jun. 30, 2012
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| Notes to Financial Statements | |
| COMMON STOCK |
Common stock issues during the second quarter ended June 30, 2012 were as follows: On April 23, 2012, 16,000,000 shares of common stock were issued in an exchange for 80,000 of Series A Preferred Stock.
On May 17, 2012, 1,514,101 shares of common stock were issued for consulting valued at the closing price on the day of $0.01 per share. An expense of $15,141 was recorded.
On May 23, 2012, 2,500,000 shares of common stock were issued for consulting pursuant to an employment agreement, value at the closing price on the day of $0.01. An expense of $25,000 was recorded.
As at June 30, 2012, 1,500,000,000 shares of common stock of par value $0.001 were authorized, of which 222,958,643 were issued and outstanding, (201,944,542 as at March 31, 2012). |