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EQUITY
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9 Months Ended |
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Aug. 31, 2013
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| Equity [Abstract] | |
| EQUITY |
NOTE 4 - EQUITY
Preferred Stock
The Company has authorized 15,000,000 preferred shares with a par value of $0.0001 per share. The Board of Directors are authorized to divide the authorized shares of Preferred Stock into one or more series, each of which shall be so designated as to distinguish the shares thereof from the shares of all other series and classes.
There were no preferred shares issued and outstanding as of August 31, 2013 and November 30, 2012.
Common Shares
The Company has authorized 100,000,000 common shares with a par value of $0.0001 per share. Each common share entitles the holder to one vote, in person or proxy, on any matter on which action of the stockholders of the corporation is sought.
Since inception (November 27, 2012) to August 31, 2013, the company has issued a total of 5,825,000 common shares for $55,700 cash, as follows:
· On November 27, 2012, the company issued to its founder 950,000 shares of common stock at $0.001 per share for $950. · On January 8, 2013, the company issued to its founders 2,375,000 shares of common stock at $0.002 per share for $4,750. · During March 2013, the Company issued to unaffiliated investors, 725,000 shares of common stock at $0.02 per share for $14,500. · On August 13, 2013, the issued to unaffiliated investors, 1,775,000 shares of common stock at $0.02 per share for $35,500.
The Company has no stock option plan, warrants or other dilutive securities. |