Since its inception, we have issued shares of common stock as follows:
On May 27, 2011, the Company issued 3,000,000 shares of common stock at a price of $0.001 per share for total cash proceeds of $3,000.
During February 2012, the Company issued 540,000 shares of common stock at a price of $0.04 per share and received proceeds in the amount of $21,600.
On May 15, 2012, the Company issued 2,207,508 shares of common at a price $0.12 per share for $264,867 in cash. The Company has received these funds but has not issued the shares. This is recorded as a stock subscription until issued.
The Company authorized but has not issued 2,500,000 shares of stock for the purchase of Aslanay Madencilik Sanayi Ve Ticaret Limited Sirketi, (translated -Aslanay Mining Trade and Ind. Limited Co.). These shares are recorded as a stock subscription until issued. The value of these shares is the net asset value of Aslanay Mining Trade and Ind. Limited Co at July 31, 2012 in the amount of $377,115.