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Subsequent Events
12 Months Ended
Jun. 30, 2015
Notes to Financial Statements  
Note 8 - Subsequent Events

Management has determined that there are no other subsequent events to disclose other than the following:

 

Subsequent to June 30, 2015 the Company has established a new office in Islamabad, Pakistan and has assumed control of the desired employees of the Hycarbex subsidiary. The Company is currently involved in efforts through appropriate legal channels to obtain full control and access to all of all of the historical financial and operational records of the Hycarbex subsidiary.

 

Subsequent to June 30, 2015, the Company issued an additional 233,334 common shares at $0.15 for a total of $35,000. In addition, the Company issued an additional 316,250 common shares at $0.16 for a total of $51,500.

 

Subsequent to June 30, 2015, the Company entered into a loan transaction with an institutional investor for the borrowing of $200,000 with interest at 5% and a maturity date of February 5, 2016. This loan includes the issuance to the lender of two million warrants to purchase the Company’s common stock at $0.20 / share on or before February 5, 2020.

 

Subsequent to June 30, 2015 the Company entered into a second loan transaction with a private individual for the borrowing of $200,000 with interest at 5% and a maturity date of September 22, 2018. No warrants were issued in connection with this loan.

 

Subsequent to June 30, 2015, the Company entered into a consulting agreement with an independent contractor to assist the Company’s re-acquired Hycarbex subsidiary as a regulatory and government liaison, formulate growth strategies and assist with international contractual and joint venture negotiations. Under the terms of the agreement the Company agrees to pay the consultant $6,250 per month on a month to month basis and will also pay the consultant 2,000,000 shares of the Company’s stock after a six month period.