Item 2. Unregistered Sales of Equity Securities
Item 2. Unregistered Sales of Equity Securities and Use of
Proceeds.
 
During
the three months ended September 30, 2020 the Company issued
20,960,217 shares of its common stock related to the conversion of
$90,212 of principal and accrued interest of its convertible notes
payable, at an average contract conversion price of $0.0043 per
share. The issuance was exempt from registration under the
Securities Act of 1933 in reliance on an exemption provided by
Section 4(2) of that act.
 
During
the three months ended September 30, 2020 the Company issued
483,333 shares of its $0.0001 par value common stock to two
consultants, as compensation under two separate consulting
agreements. The shares were valued at $29,000, or $0.06 per
share.
 
Item 3. Defaults Upon Senior Securities.
 
None
 
Item 4. Mine Safety Disclosures.
 
Not
applicable to our operations.
 
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