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Thursday, January 16, 2020 10:29:12 PM
Subsequent Events
In accordance with ASC 855-10 Company management reviewed all material events through the date of this report. The item disclosed below represents the only material subsequent event to report.
Subsequent to August 31, 2019, the Company received cash proceeds of $31,500 for the issuance of 14,000,000 common shares. The Company does not have sufficient unissued authorized shares to complete this share issuance and as of the date of these financial statements the shares had yet to be issued. The Company’s shareholders have approved an amendment to the Company’s Articles of Incorporation to increase the authorized number of shares of the Company’s common stock from 500,000,000 shares of common stock to 2,000,000,000 shares of common stock. However as of the date of these financial statements the increase has not been completed.
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