v3.10.0.1
Consolidated Balance Sheets - USD ($)
May 31, 2018
Aug. 31, 2017
CURRENT ASSETS    
Cash $ 29 $ 802
Prepaid deposits and services – Note 4 27,500 11,340
Total Current Assets 27,529 12,142
Mineral property – Note 5 804,656 804,656
TOTAL ASSETS 832,185 816,798
CURRENT LIABILITIES    
Accounts payable and accrued liabilities – Note 6 319,697 319,878
Loans payable – Note 7 25,650 44,270
Loans payable – related party – Note 8 630,917 557,576
Convertible note, net of unamortized discount – Note 9 708,630 634,555
Derivative liability – Note 10 652,059 729,180
TOTAL LIABILITIES 2,336,953 2,285,459
STOCKHOLDERS' DEFICIT    
Capital Stock Authorized 1,000,000 shares of preferred stock, $0.001 par value Issued and outstanding 100,000 shares (100,000 as at August 31, 2017) – Note 11 1,500,000,000 shares of common stock, $0.001 par valueIssued and outstanding 1,267,153,053 shares (724,370,720 shares outstanding as at August 31, 2017) – Note 11 100 100
1,500,000,000 shares of common stock, $0.001 par value, issued and outstanding 1,134,375,275 shares (724,370,720 shares outstanding as at August 31, 2017) – Note 11 1,390,367 847,585
Additional paid in capital 2,606,167 2,451,570
Shares receivable (5,090) (5,090)
Accumulated deficit (5,496,312) (4,762,826)
TOTAL STOCKHOLDERS' DEFICIT (1,504,768) (1,468,661)
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT $ 832,185 $ 816,798