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Note 6 - Subsequent Events
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6 Months Ended |
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Feb. 28, 2015
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Note 6 – Subsequent Events
On March 4, 2015 the Company issued an unsecured convertible loan of $2,275, non-interest bearing, due on demand and convertible into Common Stock at a rate $0.002 per share, from a major shareholder, BK Consulting, to fund operations. Due to the beneficial conversion feature the Company recorded a discount on the convertible note in the amount of $2,275.
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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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