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EXCEL - IDEA: XBRL DOCUMENT - Delaine CorpFinancial_Report.xls
10-K - FORM 10-K - Delaine Corpdlne_10k.htm
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EX-32.2 - CERTIFICATION - Delaine Corpdlne_ex322.htm
EX-31.1 - CERTIFICATION - Delaine Corpdlne_ex311.htm
EX-31.2 - CERTIFICATION - Delaine Corpdlne_ex312.htm
EX-32.1 - CERTIFICATION - Delaine Corpdlne_ex321.htm
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STOCKHOLDERS' EQUITY
12 Months Ended
Jun. 30, 2012
Weighted average shares outstanding [Default Label]  
Note 3 - STOCKHOLDERS' EQUITY

AUTHORIZED STOCK

 

The Company has authorized 100,000,000 of common shares with a par value of $0.001 per share. Each share entitles the holder to one vote, in person or proxy, on any matter on which action of the shareholder of the Company is sought. The Company has also authorized 10,000,000 of preferred shares with a par value of $0.001 per share.

 

SHARE ISSUANCES

 

In June, 2010, the Company issued 300,000 common shares to its Director at $0.00167 per share, in exchange for $500.

 

In July, 2010, the Company issued 30,000,000 common shares at $0.001 per share to its Director in exchange for all title, rights and interest in an invention (see Note 4).

 

In October, 2011, the Company issued 2,370,000 common shares at $0.00167 per share to twelve individuals, in exchange for $3,950.

 

In November, 2011, the Company issued 3,570,000 common shares at $0.00167 per share to eighteen individuals, in exchange for $5,950.

 

In January, 2012, the Company issued 240,000 common shares at $0.00167 per share to one individual, in exchange for $400.

 

In May and June, 2012, the Company issued 4,043,040 common shares at $0.0603 per share in exchange for $243,808. The securities were sold to accredited investors pursuant to Rule 506 of Regulation D.

 

In June, 2012, the Company issued 3,456,960 common shares at $0.06030 per share and 400,000 preferred shares at $0.001 per share to one individual in exchange for the sole and exclusive license to proprietary technology relating to online procurement of certain goods (see Note 5).

 

In June, 2012, the Company’s shareholders approved a stock dividend of 5 shares of the Company’s common stock, par value $0.001, for each 1 share of the Company’s common stock held as of July 6, 2012, and 5 shares of common stock for each 1 share of preferred stock held as of July 6, 2012. As a result of the stock dividend, the Company’s common shares issued and outstanding increased to 45,980,000 as of June, 2012. These increased amounts have been retrospectively applied to the Company’s financial statements and notes thereto for the years ended June 30, 2012 and 2011.