Digital Brand Media and Marketing Group Inc (DBMM)

[thenegotiator]

As of May 31, 2013 there are 2,000,000 shares authorized of $.001 par value series 1 preferred stock, of which 935,402 were outstanding.



As of May 31, 2013 there are 2,000,000 shares authorized of $.001 par value series 2 preferred stock, of which 0 were outstanding.



As of May 31, 2013 there are 1,000,000,000 shares authorized of $.001 par value common stock, of which 35,842,074 were issued and outstanding.


During the nine months ended May 31, 2013, 2,027,995 shares of restricted common stock were issued to satisfy $69,396 of loans payable.


During the nine months ended May 31, 2013, 2,000,000 Preferred Shares-Series 2 were cancelled as a result of the termination of the arrangement with BrandEntertain. As a result the consideration associated with the transaction totaling $219,798 was reversed and reflected in the statement of operations as a reduction to consulting expense.
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=9400189