Attached files

file filename
EXCEL - IDEA: XBRL DOCUMENT - FIRST CORP /CN/Financial_Report.xls
10-K - FORM 10-K - FIRST CORP /CN/v329752_10k.htm
XML - IDEA: XBRL DOCUMENT - FIRST CORP /CN/R3.htm
XML - IDEA: XBRL DOCUMENT - FIRST CORP /CN/R8.htm
XML - IDEA: XBRL DOCUMENT - FIRST CORP /CN/R6.htm
XML - IDEA: XBRL DOCUMENT - FIRST CORP /CN/R5.htm
XML - IDEA: XBRL DOCUMENT - FIRST CORP /CN/R1.htm
XML - IDEA: XBRL DOCUMENT - FIRST CORP /CN/R4.htm
XML - IDEA: XBRL DOCUMENT - FIRST CORP /CN/R7.htm
XML - IDEA: XBRL DOCUMENT - FIRST CORP /CN/R9.htm
XML - IDEA: XBRL DOCUMENT - FIRST CORP /CN/R2.htm
XML - IDEA: XBRL DOCUMENT - FIRST CORP /CN/R28.htm
XML - IDEA: XBRL DOCUMENT - FIRST CORP /CN/R21.htm
XML - IDEA: XBRL DOCUMENT - FIRST CORP /CN/R23.htm
XML - IDEA: XBRL DOCUMENT - FIRST CORP /CN/R13.htm
XML - IDEA: XBRL DOCUMENT - FIRST CORP /CN/R16.htm
XML - IDEA: XBRL DOCUMENT - FIRST CORP /CN/R20.htm
XML - IDEA: XBRL DOCUMENT - FIRST CORP /CN/R27.htm
XML - IDEA: XBRL DOCUMENT - FIRST CORP /CN/R18.htm
XML - IDEA: XBRL DOCUMENT - FIRST CORP /CN/R22.htm
XML - IDEA: XBRL DOCUMENT - FIRST CORP /CN/R25.htm
XML - IDEA: XBRL DOCUMENT - FIRST CORP /CN/R15.htm
XML - IDEA: XBRL DOCUMENT - FIRST CORP /CN/R26.htm
XML - IDEA: XBRL DOCUMENT - FIRST CORP /CN/R19.htm
XML - IDEA: XBRL DOCUMENT - FIRST CORP /CN/R14.htm
XML - IDEA: XBRL DOCUMENT - FIRST CORP /CN/R24.htm
XML - IDEA: XBRL DOCUMENT - FIRST CORP /CN/R11.htm
XML - IDEA: XBRL DOCUMENT - FIRST CORP /CN/R17.htm
EX-32 - EXHIBIT 32 - FIRST CORP /CN/v329752_ex-32.htm
EX-31 - EXHIBIT 31 - FIRST CORP /CN/v329752_ex-31.htm
EX-3.3 - EXHIBIT 3.3 - FIRST CORP /CN/v329752_ex3-3.htm
XML - IDEA: XBRL DOCUMENT - FIRST CORP /CN/R10.htm
v2.4.0.6
Related Party Transactions
12 Months Ended
Sep. 30, 2012
Related Party Transactions [Abstract]  
Related Party Transactions

NOTE 5 – Related Party Transactions

 

In June of 2004 an entity related by common control advanced $15,000 in cash to the Company.  The balance was repaid in September of 2004.

 

In May of 2005 a shareholder of the Company advanced $6,500 to the Company for the payment of certain exploration casts.  The advance bears no interest rate and is payable upon demand.

 

In October of 2004 the Company issued 500,000,000 shares to the Company’s president for services rendered.  Also, in October of 2004 the Company acquired mineral claims from this same individual by

paying cash in the amount of $15,000.

 

During the year ended September 30, 2005, a shareholder advanced the Company $6,500 to assist the Company with working capital.  During the year ended September 30, 2007, this shareholder advanced an additional $20,500 to the Company.  These advances do not carry an interest rate, do not have a maturity date and are payable to the shareholder upon demand.

 

During the year ended September 30, 2008, the Company repaid $27,000 to the shareholder.  At September 30, 2008, there were no outstanding shareholder loans.

  

In December of 2008 this same shareholder advanced $9,715 to the Company to assist with working capital needs.  The Company repaid $2,415 of this advance in December of 2008.  The balance due to the shareholder at September 30, 2011 and 2010 was $7,300.

 

During the year ended September 30, 2010 two shareholders advanced the sum of $80,750 to the Company to assist the Company with working capital needs.  These advances do not carry a stated interest rate and do not have a maturity date and are payable to the shareholder upon demand.

 

During the year ended September 30, 2011, shareholders advanced the sum of $91,095 to the Company.  The Company repaid $10,000 of the advances in the form of a cash payment and the Company issued 10,172,500 shares of common stock to repay advances in the amount of $101,725. At the September 30, 2011 fiscal year end, the Company owed three separate shareholders the sum of $67,420.  These advances do not carry a stated interest rate and do have a maturity date and are payable to the shareholders on demand.

 

During the year ended September 30, 2011, the Company paid $110,000 to a shareholder/officer or a company controlled by the shareholder/office of the Company for consulting services rendered to the Company and for expenses incurred on behalf of the Company.

 

During the year ended September 30, 2012, the Company re-class $40,120 of a shareholder/officer or a company controlled by the shareholder/office of the Company into the convertible note. (refer note 6).

 

As of September 30, 2012, the Company owed two separate shareholders the sum of $27,300 and September 30, 2011 the Company owed three separate shareholders the sum of $67,420 These advances do not carry a stated interest rate and are payable to the shareholders on demand.