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EXCEL - IDEA: XBRL DOCUMENT - Laredo Resources Corp.Financial_Report.xls
10-K - ANNUAL REPORT - Laredo Resources Corp.lrdo_10k.htm
XML - IDEA: XBRL DOCUMENT - Laredo Resources Corp.R6.htm
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EX-31.2 - CERTIFICATION - Laredo Resources Corp.lrdo_ex312.htm
EX-32.1 - CERTIFICATION - Laredo Resources Corp.lrdo_ex321.htm
EX-10.2 - PROMISSORY NOTE ISSUED TO ROBERT GARDNER - Laredo Resources Corp.lrdo_ex102.htm
EX-31.1 - CERTIFICATION - Laredo Resources Corp.lrdo_ex311.htm
v2.4.0.6
Capital Stock
12 Months Ended
Aug. 31, 2012
Notes  
Capital Stock

Note 6  Capital Stock

 

The Company has 10,000,000 shares of authorized preferred stock with a par value of 0.001 per share.  There were zero shares of preferred stock issued and outstanding as of August 31, 2012 and 2011.

 

The Company has 4,500,000,000 shares of authorized common stock, with a par value of 0.001 per share.  There were 3,570,000 shares of common stock issued and outstanding as of August 31, 2012 and 2011.  Following a forward split on the basis of 50 for 1 effective October 30, 2012, there were 178,500,000 shares of common stock issued and outstanding.

 

Issued:

 

On August 19, 2010, the Company issued 100,000,000 post split shares of common stock to the Company’s president at $0.000156 per share for total proceeds of $15,625.

 

On August 27, 2010, the Company issued 78,500,000 shares of common stock at $0.000157 per share for total proceeds of $12,560 pursuant to a private placement.  The Company paid commissions of $200 for net proceeds of $12,360.

 

All references in these financial statements to number of common shares, price per share and weighted number of common shares outstanding prior to 50 to 1 stock split on October 30, 2012 have been adjusted to reflect this stock split on a retroactive basis, unless otherwise noted.