−Removed: Sales of Equity Securities and Use of Proceeds
−Removed: We issued the following securities during the three
−Removed: months ended January 31, 2022 and through the date of this Quarterly Report on Form 10-Q:
−Removed: November 2021, the Company sold an aggregate of 8,000,000 shares of common stock to one “accredited
−Removed: investor” at $0.05 per share for an aggregate purchase price of $400,000.
−Removed: were used for working capital.
−Removed: January 2022, the Company sold an aggregate of 666,667 shares of common stock to one “accredited
−Removed: investor” at $0.03 per share for an aggregate purchase price of $20,000.
−Removed: price was paid through an offset of an outstanding balance owed by the Company to the investor
−Removed: at the time of the sale of $20,000.
−Removed: January 11, 2022, the Company entered into a Securities Purchase Agreement with AJB Capital
−Removed: Investments, LLC (the “Purchaser”) pursuant to which we sold a Promissory Note
−Removed: in the principal amount of $600,000 to the Purchaser in a private transaction for a purchase
−Removed: price of $540,000 (giving effect to original issue discount of $60,000).
−Removed: The proceeds were
−Removed: used for working capital.
−Removed: February 2022, the Company sold an aggregate of 8,333,333 shares of common stock to one “accredited
−Removed: investor” at $0.03 per share for an aggregate purchase price of $250,000.
−Removed: were used for working capital.
−Removed: None of the above issuances involved any underwriters,
−Removed: underwriting discounts or commissions, or any public offering and we believe were exempt from the registration requirements of the Securities
−Removed: Act by virtue of Section 4(a)(2) and Regulation D promulgated thereunder due to the fact that there was no solicitation or advertising
−Removed: and the did not involve a public offering of securities.
+Added: Unregistered Sales of Equity Securities and Use of Proceeds
+Added: issued the following securities during the six months ended April 30, 2022 and through the date of this Quarterly Report on Form 10-Q:
+Added: November 2021, the Company sold an aggregate of 8,000,000 shares of common stock to
+Added: one “accredited investor” at $0.05 per share for an aggregate purchase price
+Added: The proceeds were used for working capital.
+Added: January 2022, the Company sold an aggregate of 666,667 shares of common stock to one
+Added: “accredited investor” at $0.03 per share for an aggregate purchase price of $20,000.
+Added: The purchase price was paid through an offset of an outstanding balance owed by the Company
+Added: to the investor at the time of the sale of $20,000.
+Added: January 11, 2022, the Company entered into a Securities Purchase Agreement with AJB
+Added: Capital Investments, LLC (“AJB”) pursuant to which we sold a Promissory Note
+Added: in the principal amount of $600,000 to AJB in a private transaction for a purchase price
+Added: of $540,000 (giving effect to original issue discount of $60,000).
+Added: The proceeds were used
+Added: for working capital.
+Added: February 2022, the Company sold an aggregate of 8,333,333 shares of common stock to
+Added: one “accredited investor” at $0.03 per share for an aggregate purchase price
+Added: The proceeds were used for working capital.
+Added: of the above issuances involved any underwriters, underwriting discounts or commissions, or any public offering and we believe were exempt
+Added: from the registration requirements of the Securities Act by virtue of Section 4(a)(2) and Regulation D promulgated thereunder due
+Added: to the fact that there was no solicitation or advertising and the did not involve a public offering of securities.
Defaults upon Senior Securities
−Removed: Safety Disclosures
−Removed: Not applicable.
+Added: Mine Safety Disclosures
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.