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8. Capital Stock
3 Months Ended
Nov. 30, 2013
Notes  
8. Capital Stock

8.             CAPITAL STOCK

 

                Common Stock

 

                Holders of common stock are entitled to one vote for each share held.  There are no restrictions that limit the Company's ability to pay dividends on its common stock.  The Company has not declared any dividends since incorporation.

 

Common Stock Split

 

The Company declared a two for one stock split of its common stock with a record date at the close of business on April 25, 2013. Shareholders received one additional common share for each common share held as of the record date. The stock split was effective as of May 2, 2013. Share and per share data have been retroactively adjusted to reflect the effects of the stock split.