v3.25.1
Stockholders’ Equity
 3 Months Ended
Mar. 31, 2025
Equity [Abstract]  
Stockholders’ Equity

Note 7.  Stockholders’ Equity

 

The Company is authorized to issue 500,000,000 (March 31, 2024 – 500,000,000) shares of $0.0000053 par value common stock. Each holder of common stock has the right to one vote but does not have cumulative voting rights. Shares of common stock are not subject to any redemption or sinking fund provisions, nor do they have any preemptive, subscription or conversion rights. Holders of common stock are entitled to receive dividends whenever funds are legally available and when declared by the board of directors, subject to the prior rights of holders of all classes of stock outstanding having priority rights as to dividends. No dividends have been declared or paid as of March 31, 2025 (March 31, 2024 - $Nil ).

 

During the three-month period ended March 31, 2025, the Company:

 

  a)  Issued 13,200,000 units (each unit consisting of 1 share of common stock and 1 warrant to purchase 1/2 share of common stock at $0.01) as part of a private placement for total proceeds of $132,000.

 

 

During the three-month period ended March 31, 2024, the Company:

 

  a) Issued 1,666,667 shares of common stock (1,666,667 shares issued at $0.015) as part of a private placements for total proceeds of $25,000.
  b) Issued 2,500,000 shares of common stock (2,500,000 shares issued at $0.01) as part of a private placements for total proceeds of $25,000.