This is directly from the company filing.
NOTE 9. SHARE CAPITAL
Capital Stock Authorized and Issued:
– 1,200,000,000 common voting shares authorized with a par value of $0.001 each of which 1,056,474,201 shares are issued
– 1,000,000 convertible preferred shares authorized with a par value of $0.01 each of which nil shares are issued
2016 Issues
During the year ended September 30, 2016, the Company issued 8,873,333 common shares priced between $0.03-$0.05 per common share to convert $326,000 of convertible debentures.
During the year ended September 30, 2016, the Company issued 16,357,500 common shares priced between $0.03-$0.05 per common share for services received valued at $1,121,195.
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During the year ended September 30, 2016, the Company issued 10,458,333 common shares at $0.04 per common share for cash proceeds of $381,000 from private placements. The Company issued 1,126,667 common shares priced between $0.03 - $0.04 per common share as finder’s fees valued at $39,800.
During the year ended September 30, 2016, the Company issued 10,000,000 common shares at $0.05 per common share to a director of the Company and is included in Officers and Directors fees (Note 6).
2015 Issues
During the year ended September 30, 2015, the Company issued 26,030,930 common shares priced between $0.05 - $0.08 per common share to convert $1,293,183 of convertible debentures.
During the year ended September 30, 2015, the Company issued 7,126,868 common shares priced between $0.05 - $0.06 per common share for services received valued at $358,889.
Shares to be Issued
During the year ended September 30, 2016, the Company accrued 8,159,426 of Shares to be Issued valued between $0.03-$0.07 per share for services and consulting, valued at $303,320.
As at September 30, 2016, there are 23,353,846 (2015 – 14,800,000) common shares to be issued that are accrued for professional services provided to the Company valued at $1,058,320 (2015 - $755,000), of which 21,281,903 (2015 – 14,800,000) common shares are accrued to management and related parties. As at September 30, 2016, $4,721 (2015 - $91,721) was included in common shares to be issued for cash received in advance of common shares being issued.
As at September 30, 2016 there are 23,566,119 (2015 – 18,839,736) common shares to be issued that are accrued to the seller of Digifonica pursuant to the Anti- Dilution Clause (see Note 4 and 6), valued at $942,645 (2015 - $941,989).
Subsequent Issues
Subsequent to the year ended September 30, 2016 the Company:
- Issued 9,233,333 common shares at $0.03 per common share to raise gross proceeds of $275,000 from private placements. - Issued 333,333 common shares at $0.03 per common share to convert $10,000 of convertible debentures.
- Issued 3,746,667 common shares at $0.03 per common share as finder’s fees.
