v3.20.1
Capital Stock
 12 Months Ended
Dec. 31, 2019
Stockholders' Equity Note [Abstract]  
Capital Stock

5.       Capital stock

 

a)       Authorized share capital

 

i.Common stock

 

10,000,000,000 shares of common stock with a par value of $0.001 per share.

 

ii.Preferred stock

 

500,000,000 shares of preferred stock with a par value of $0.001 per share.

 

b)      Issued share capital

 

During the year ended December 31, 2019:

 

On June 19, 2019, the Company issued 26,000,000 shares of common stock of the Company to two individuals for the exercise of stock options as follows:

 

·25,000,000 shares at an exercise price of $0.002 per share for a purchase price of $50,000. As consideration, the Company retired accrued interest owing to the Chairman on his line of credit totaling $50,000; and
·1,000,000 shares at an exercise price of $0.015 per share for a purchase price of $15,000. As consideration, the Company retired accounts payable totaling $15,000.

 

During the year ended December 31, 2018:

 

There was no activity during the year ended December 31, 2018.