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EXCEL - IDEA: XBRL DOCUMENT - Jetblack CorpFinancial_Report.xls
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EX-31.1 - CERTIFICATION - Jetblack Corpjtbk_ex311.htm
EX-32.1 - CERTIFICATION - Jetblack Corpjtbk_ex321.htm
v2.4.0.6
SHAREHOLDER ADVANCE
12 Months Ended
Aug. 31, 2012
Notes to Financial Statements  
NOTE 3 - SHAREHOLDER ADVANCE

During the year ended August 31, 2009 Ms. Avila, our former President and former majority shareholder, advanced $4,000 to the Company. There is no written loan agreement. Interest is accrued on these advances at the rate of 10% per annum. The advances and accrued interest were payable on demand and unsecured. On April 1, 2012 the principal amount of $4,000 was repaid and the interest accrued on the loan of $1,397 was forgiven and recorded as additional paid in capital.

 

During the year ended August 31, 2011, Mr. Farnsworth, our President and majority shareholder, advanced $910 to the Company. There is no written loan agreement. The loan is interest free and is payable on demand and unsecured.