ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS During the nine months period ended May 31, 2015 the Company issued 1,312,946,354 shares of common stock for convertible debt with a value of $306,240. The foregoing securities issued upon conversion of the convertible debt were exempt from registration pursuant to Section 4(a)(2) and Regulation D of the Securities Act of 1933, as amended.