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EXCEL - IDEA: XBRL DOCUMENT - BROADCAST LIVE DIGITAL CORP.Financial_Report.xls
10-K - ANNUAL REPORT - BROADCAST LIVE DIGITAL CORP.bfld_10k.htm
XML - IDEA: XBRL DOCUMENT - BROADCAST LIVE DIGITAL CORP.R7.htm
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EX-31.1 - CERTIFICATION - BROADCAST LIVE DIGITAL CORP.bfld_ex31.htm
EX-32.1 - CERTIFICATION - BROADCAST LIVE DIGITAL CORP.bfld_ex32.htm
v2.4.0.6
Subsequent Events
12 Months Ended
Aug. 31, 2012
Notes  
Subsequent Events

Note 6 - Subsequent Events

 

The Company has evaluated all events that occur after the balance sheet date through the date when the financial statements were issued to determine if they must be reported. The Management of the Company determined that the following reportable subsequent events had to be disclosed as follows:

 

Stock Purchase Agreement

 

On September 11, 2012, in a private transaction, 840,000,000 shares of common stock, which represented 64% of the issued and outstanding shares of common stock, were sold to Robert Roon for the total price of $25,000.  This resulted in a change in control of the Company.  In connection with this transaction, also on September 11, 2012, Stephanie Wyss resigned from her position as Chief Executive Officer of the Company and Robert Roon was appointed as the new President as well as Chief Executive Officer, Secretary, and Treasurer of the Company.

 

Asset Acquisition Agreement

 

On September 27, 2012, an Asset Purchase Agreement was entered into for the purchase, transfer and assignment of various exploration licenses from Matteo Sacco (“Seller”) to Movie Trailer Galaxy, Inc. (“Purchaser”).  The exploration licenses were originally issued to Seller from the Nova Scotia Department of Natural Resources.  The Purchaser will issue two hundred ninety eight million seven hundred fifty two thousand and seven hundred twenty (298,752,720) common shares for the acquisition of the exploration licenses to the Seller.  The Purchaser’s sole director, Robert S. Roon, will cancel eight hundred and forty million (840,000,000) shares of common stock that are held by him which represents approximately 84.2% of the Purchaser’s issued and outstanding shares.  Upon cancellation of the shares held by Mr. Roon, the Seller will own approximately 68.3% of the Purchaser’s issued and outstanding common shares.

 

There is no family relationship or other relationship between the Seller and Purchaser and there are no arrangements or understanding among the members of the former or new control group with respect to election of directors or other matters.

 

Robert S. Roon, the Company’s Chief Executive Officer, Chief Financial Officer, Secretary, Treasurer and Director resigned as the Company’s Chief Executive Officer, Chief Financial Officer, Secretary, and Treasurer.  Matteo Sacco was appointed as the Company’s President, Chief Executive Officer, Chief Financial Officer and Secretary.  Robert Roon’s resignation as an officer was not the result of any disagreement with the Company on any matter relating to the Company’s operations, policies or practices.