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XML - IDEA: XBRL DOCUMENT - Oryon Technologies, Inc.R13.htm
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EX-32.2 - CERTIFICATION - Oryon Technologies, Inc.ex322.htm
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v2.4.0.6
Common Stock
12 Months Ended
Jan. 31, 2012
Notes to Financial Statements  
Common Stock

 

NOTE 7 – COMMON STOCK

  

On August 6, 2010, the Company approved a resolution to forward split the common shares of the Company on the basis of six new shares for one existing common stock held thereby increasing the issued and outstanding share capital to 60,000,000 post split common shares with a par value of $0.001 per share. On October 31, 2011, certain shareholders, including two executive officers, surrendered, in aggregate, 30,000,000 shares of the Company’s common stock for cancellation.   On November 17, 2011, an additional 1,000,000 shares were surrendered for cancellation.   As at January 31, 2012, 29,000,000 post split common shares were issued and outstanding. The post split common shares are shown as split from the date of inception.

 

On November 4, 2011, the Board of Directors reduced the par value of the common shares from $0.006 to $0.001 per shares.