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EXCEL - IDEA: XBRL DOCUMENT - Service Team Inc.Financial_Report.xls
10-K - FORM 10-Q FOR THE FISCAL YEAR ENDED 8-31-12 - Service Team Inc.service_10k-083112.htm
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EX-32.1 - EXHIBIT 32.1 - Service Team Inc.ex32x1.htm
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EX-31.1 - EXHIBIT 31.1 - Service Team Inc.ex31x1.htm
v2.4.0.6
CAPITAL STOCK
12 Months Ended
Aug. 31, 2012
CAPITAL STOCK  
CAPITAL STOCK

NOTE 3 – CAPITAL STOCK

 

The Company’s authorized capital is 74,000,000 common shares with a par value of $0.001 per share and 100,000 preferred shares with a par value of $0.001 per share.  

 

On June 6, 2011, the Company issued 6,000,000 shares of common stock in the Company at $0.001 per share to Hallmark Venture Group, Inc., a related party, in exchange for $6,000 cash. 

 

On December 14, 2011, the Company issued 500,000 shares of common stock in the Company, at $0.001 per share to Carlos Arreola, President of the Company, a related party, in exchange for $500 cash.  As a result of this transaction, $49,500 in additional stock based compensation expense was recognized as substantially all other sales of common stock were valued at $0.10 per share.

 

On December 14, 2011, the Company issued 100,000 shares of common stock in the Company, at $0.001 per share to Douglas Dungee, Assistant Vice President of the Company, a related party, in exchange for $100 cash.  As a result of this transaction, $9,900 in additional stock based compensation expense was recognized as substantially all other sales of common stock were valued at $0.10 per share.

 

On August 22, 2012, the Company issued 50,000 shares of common stock in the Company, at $0.001 per share Gary Bryant, in exchange for $50 cash.  As a result of this transaction, $4,950 in additional stock based compensation expense was recognized as substantially all other sales of common stock were valued at $0.10 per share.

 

During the 12 months ended August 31, 2012, the Company issued 380,000 shares of common stock in the Company, at $0.001 per share, to three accredited investors who were not related parties, in exchange for $380 cash.  As a result of these transactions, $37,620 in additional stock based compensation expense was recognized as substantially all other sales of common stock were valued at $0.10 per share.

 

During the 12 months ended August 31, 2012, the Company issued 677,500 shares of common stock in the Company to various non-related party, accredited investors, in exchange for $139,075 cash and $28,700 in subscriptions receivable.

   

From June 6, 2011 through August 31, 2012, no preferred shares have been issued.

 

From June 6, 2011 through August 31, 2012, the Company has not granted any stock options.