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EXCEL - IDEA: XBRL DOCUMENT - RAINBOW INTERNATIONAL, CORP.Financial_Report.xls
10-Q - FORM 10-Q - RAINBOW INTERNATIONAL, CORP.rainbow10q2q12v1.htm
XML - IDEA: XBRL DOCUMENT - RAINBOW INTERNATIONAL, CORP.R3.htm
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EX-31 - EXHIBIT 31 - RAINBOW INTERNATIONAL, CORP.rainbow10q2q12ex31.htm
EX-32 - EXHIBIT 32 - RAINBOW INTERNATIONAL, CORP.rainbow10q2q12ex32.htm
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v2.4.0.6
Note 4 - Cumulative Sales of Stock
6 Months Ended
Nov. 30, 2012
Notes  
Note 4 - Cumulative Sales of Stock

Note 4 – Cumulative sales of stock:

Since its inception, we have issued shares of common stock as follows:

 

On May 27, 2011, the Company issued 3,000,000 shares of common stock at a price of $0.001 per share for total cash proceeds of $3,000.

 

During February 2012, the Company issued 540,000 shares of common stock at a price of $0.04 per share and received proceeds in the amount of $21,600.

 

On May 15, 2012, the Company issued 2,207,508 shares of common at a price $0.12 per share for $264,867 in cash.  The Company has received these funds but has not issued the shares.  This is recorded as a stock subscription until issued.     

 

The Company authorized but has not issued 2,500,000 shares of stock for the purchase of Aslanay Madencilik Sanayi Ve Ticaret Limited Sirketi, (translated -Aslanay Mining Trade and Ind. Limited Co.).  These shares are recorded as a stock subscription until issued.  The value of these shares is the net asset value of Aslanay Mining Trade and Ind. Limited Co at July 31, 2012 in the amount of $377,115.