SUBSEQUENT EVENTS

3 Months Ended

Sep. 30, 2024

Subsequent Events [Abstract]

SUBSEQUENT EVENTS

13. SUBSEQUENT EVENTS

The Company evaluated subsequent events after September 30, 2024, in accordance with FASB ASC 855 Subsequent Events, through the date of the issuance of these financial statements and has determined the following subsequent event is required to be disclosed:

● The Company was approved for a $5,000,000 Line of Credit with BOS Investments Inc., an affiliate of Michael Singh, the Company’s Chairman and Co-Chief Executive Officer. The Line of Credit terms are expected to be for 12 months at an interest rate of 3.5%. Furthermore, the use of proceeds is expected to be for the acquisition of Chial Limited and other targeted acquisitions and to complete the development of the Company’s Awaysis Casamora property. On November 15, 2024, Awaysis drew down on an initial tranche under the planned Line of Credit and executed a promissory note of $250,000 USD with BOS Investments Inc., which is expected to be rolled into the definitive documents relating to the full Line of Credit once finalized and executed.

Other than as provided above or in the other notes to these financial statements, the Company has determined that there were no other subsequent events that are required to be disclosed.