SUBSEQUENT EVENTS
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6 Months Ended |
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Jun. 30, 2012
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SUBSEQUENT EVENTS | |
SUBSEQUENT EVENTS |
NOTE 11 - SUBSEQUENT EVENTS
On July 24, 2012 the Companys Articles of incorporation were amended to reflect an increase in authorized common shares from 150,000,000 to 200,000,000 shares. The Amendment was made after a vote of the shareholders of the Company met on July 18, 2012.
During July 2012, Chris Maggiore, a significant shareholder, invested an additional $50,000 under the terms of the Stock Subscription Agreement dated May 10, 2012 (see Note 7 Related Party Transactions).
In July 2012, the Company received $125,000 from two current shareholders based on a subscription for 1,000,000 shares of common stock at $.125 per share.
See Note 9 Commitments and Contingencies above for a description of the employment agreement we entered into with Mr. Dahl on August 10, 2012.
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- Definition
The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. No definition available.
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