NOTE 5 - CAPITAL STOCK |
12 Months Ended |
|---|---|
Jun. 30, 2022 | |
| Notes | |
| NOTE 5 - CAPITAL STOCK | NOTE 5 – STOCKHOLDERS' EQUITY
Preferred Stock
The Company is authorized to issue 10,000,000 shares of preferred stock. The authorized preferred shares are non-voting and the Board of Directors has not designated any liquidation value or dividend rates. During the financial years ended June 30, 2022 and 2021 no shares of preferred stock were issued or outstanding.
Common Stock
The Company is authorized to issue 250,000,000 shares of common stock with no par value. The holders of the Company's common stock are entitled to one vote for each share held of record on all matters to be voted on by those stockholders.
Common Stock Issuances
During the year ended June 30, 2022 the Company issued 1,000,000 shares of common stock for cash at an average of $0.0119 per share, yielding total cash proceeds of $11,867.
During the year ended June 30, 2022 the Company issued 1,616,556 shares of common stock for cash at an average of $0.0102 per share, yielding total cash proceeds of $16,478. In addition, the Company issued 383,444 shares of common stock to settle a liability of the company of $8,435. A loss of $4,254 was recorded during the year ended June 30, 2022.
Stock Options
From time to time, the Company may issue stock options pursuant to various agreements and other contemporary agreements. At June 30, 2022 and 2021, and during the years ended June 30, 2022 and 2021, no options were issued or outstanding.
Treasury Shares
The Company holds 53,756 of its common stock as treasury stock, which is valued at cost of $19,387, at June 30, 2022 and 2021. |