4. COMMON STOCK
The authorized capital of the Company
is 900,000,000 common shares with a par value of $ 0.001 per share.
On June 21, 2010, the Company issued
300,000,000 shares of common stock to Yury Shcharbakou, its sole Director, for total cash proceeds of $3,000.
On August 27, 2010, the Company issued
72,000,000 shares of common stock for total cash proceeds of $14,400.
On September 30, 2010, the Company issued
16,000,000 shares of common stock for total cash proceeds of $4,800.
As reflected in the dates above, during
the period April 30, 2010 (Inception) to September 30, 2010, the Company sold a total of 388,000,000 shares of common stock for
total cash proceeds of $22,200.
The Board of Directors determined on
October 12, 2011 to forward split the issued and outstanding shares of the Company on the basis of 100 for 1, whereby the Company
would issue as a dividend a total of 99 additional shares for each share currently held. FINRA confirmed approval of the forward
split, payable as a dividend to shareholders, and the forward split became effective on October 21, 2011. The forward split shares
are payable upon surrender of certificates to the Company's transfer agent. The effect of the stock split has been recognized retroactively
in the stockholders deficit accounts as of April 30, 2010, and in all shares and per share data in these financial statements.
On April 2, 2012, the principal and
controlling shareholder of Solo International Inc. (the Company) returned 100,000,000 (100 Million) shares of the
Companys issued shares of common stock held by the shareholder for cancellation by the Company.
On May 8, 2012, the Company issued 200,000
shares of common stock at a deemed price of $0.10 per share for total proceeds of $20,000 as part of the purchase consideration
payable under the mineral property option agreement.
As of September 30, 2012, 288,200,000
shares of common stock were issued and outstanding.