Capital Stock | Note 6: Capital Stock Stock Option Compensation Plan On April 19, 2010, the Company approved a stock option compensation plan (2010 Stock Plan) for its directors, officers, employees and consultants. Pursuant to which the Company is authorized to issue options to acquire up to 8,000,000 shares of the Companys common stock. There were no stock options issued as at April 30, 2015. Issued and Outstanding During the year ended April 30, 2008, the Companys Board of Directors approved a 15 for one (1) forward stock split of issued and outstanding shares of capital stock. The stock split increased the authorized 70,000,000 shares of common stock with a par value of $0.001 to 1,050,000,000 shares of common stock with a par value of $0.001. The Company authorized 75,000,000 shares of preferred stock with a par value of $0.001. The issued and outstanding of common stock as of April 30, 2008 increased from 5,137,000 to 77,055,000. During the year ended April 30, 2009, the Company issued 250,000 shares of common stock and cancelled 12,500,000 treasury common stocks. The issued and outstanding of common stock as at April 30, 2009 decreased from 77,055,000 to 64,805,000. On February 9, 2010, the Company issued 35,500,000 shares of common stock at $0.01 per share to acquire 99% of the outstanding shares of Compania Minera Cerros Del Sur, S.A. During the year ended April 30, 2010, the Company issued 1,000,000 shares of common stock at $0.50 per share with a non-brokered private placement for $500,000. |