NOTE 13 - COMMON STOCK (SUCCESSOR))
At April 30, 2012, the authorized capital was 75,000,000 common shares with a par value of $0.001 and 11,133,333 common shares were issued and outstanding.
a) In October 2011, the Company issued 700,000 common shares at $0.20 per share as a payment of $50,000 for legal services and $90,000 for coffee consulting services. As of April 30, 2012, $18,262 in legal fees and $90,000 in consulting fees were expensed and $31,738 is considered as a prepayment for services to be rendered in the future.
b) In October 2011, the Company issued 133,333 shares at $0.15 per share for cash proceeds of $20,000.