- COMMON STOCK TRANSACTIONS	12 Months Ended
Apr. 30, 2012
- COMMON STOCK TRANSACTIONS	NOTE 6 - COMMON STOCK TRANSACTIONS Stock Split On November 15, 2011 the Company’s Board of Directors approved a resolution to split the Company’s common stock on a 3:1 forward stock split basis. The record and payment dates of the forward split were November 29, 2011 and December 12, 2011 respectively. All of the common shares issued and outstanding on November 29, 2011 were split effective December 12, 2011. All references to share and per share amounts have been restated in these financial statements to reflect the split. Share Issuances On March 19, 2010 the Company issued 60,000,000 shares of common stock to the founder of the Company at $0.000033 per share for total proceeds of $2,000. On April 26, 2010 the Company issued 10,500,000 shares of common stock to private investors at $.0033 per share for gross proceeds of $35,000. On May 28, 2010, the Company completed a private placement of 3,720,000 common shares at $0.01667 per share for a total offering price of $62,000. On April 4, 2011 the Company completed a private placement of 3,600,000 common shares at $0.0833 per share for a total offering price of $300,000. At April 30, 2011, $100,000 of the proceeds had not been collected by the Company. Such proceeds were received by the Company during the year ended April 30, 2012. Share Cancellation On January 30, 2012, the Company’s controlling shareholder, Gurpartap Singh Basrai returned 30,000,000 shares of common stock to the Company for cancellation. Mr. Basrai returned the shares for cancellation in order to reduce the number of shares issued and outstanding. Subsequent to the cancellation, the Company had 47,820,000 shares issued and outstanding; a number that Mr. Basrai, who is also an officer and director of the Company considers more in line with the Company’s business plans. Stock Options On January 25, 2012 the Company adopted its 2012 Stock Option Plan (“the 2012 Plan”). The 2012 Plan provides for the granting of up to 5,000,000 stock options to key employees, directors and consultants, of common shares of the Company. Under the 2012 Plan, the granting of stock options, the exercise prices, and the option terms are determined by the Company’s Board of Directors or a committee designated by the Board to administer the 2012 Plan. For incentive options, the exercise price shall not be less than the fair market value of the Company’s common stock on the grant date. (In the case of options granted to an employee who owns stock possessing more than 10% of the voting power of all classes of the Company’s stock on the date of grant, the option price must not be less than 110% of the fair market value of common stock on the grant date.). Options granted are not to exceed terms beyond five years. In order to exercise an option granted under the Plan, the optionee must pay the full exercise price of the shares being purchased. Payment may be made either: (i) in cash; or (ii) at the discretion of the Board, by delivering shares of common stock already owned by the optionee that have a fair market value equal to the applicable exercise price; or (iii) with the approval of the Board, with monies borrowed from us. Subject to the foregoing, the Committee has broad discretion to describe the terms and conditions applicable to options granted under the Plan. The Board may at any time discontinue granting options under the Plan or otherwise suspend, amend or terminate the Plan and may, with the consent of an optionee, make such modification of the terms and conditions of such optionee’s option as the Board shall deem advisable. No stock options have been granted under the 2012 Plan.

- COMMON STOCK TRANSACTIONS

12 Months Ended

Apr. 30, 2012

NOTE 6 - COMMON STOCK TRANSACTIONS

Stock Split

On November 15, 2011 the Company’s Board of Directors approved a resolution to split the Company’s common stock on a 3:1 forward stock split basis. The record and payment dates of the forward split were November 29, 2011 and December 12, 2011 respectively. All of the common shares issued and outstanding on November 29, 2011 were split effective December 12, 2011. All references to share and per share amounts have been restated in these financial statements to reflect the split.

Share Issuances

On March 19, 2010 the Company issued 60,000,000 shares of common stock to the founder of the Company at $0.000033 per share for total proceeds of $2,000.

On April 26, 2010 the Company issued 10,500,000 shares of common stock to private investors at $.0033 per share for gross proceeds of $35,000.

On May 28, 2010, the Company completed a private placement of 3,720,000 common shares at $0.01667 per share for a total offering price of $62,000.

On April 4, 2011 the Company completed a private placement of 3,600,000 common shares at $0.0833 per share for a total offering price of $300,000. At April 30, 2011, $100,000 of the proceeds had not been collected by the Company. Such proceeds were received by the Company during the year ended April 30, 2012.

Share Cancellation

On January 30, 2012, the Company’s controlling shareholder, Gurpartap Singh Basrai returned 30,000,000 shares of common stock to the Company for cancellation. Mr. Basrai returned the shares for cancellation in order to reduce the number of shares issued and outstanding. Subsequent to the cancellation, the Company had 47,820,000 shares issued and outstanding; a number that Mr. Basrai, who is also an officer and director of the Company considers more in line with the Company’s business plans.

Stock Options

On January 25, 2012 the Company adopted its 2012 Stock Option Plan (“the 2012 Plan”). The 2012 Plan provides for the granting of up to 5,000,000 stock options to key employees, directors and consultants, of common shares of the Company. Under the 2012 Plan, the granting of stock options, the exercise prices, and the option terms are determined by the Company’s Board of Directors or a committee designated by the Board to administer the 2012 Plan. For incentive options, the exercise price shall not be less than the fair market value of the Company’s common stock on the grant date. (In the case of options granted to an employee who owns stock possessing more than 10% of the voting power of all classes of the Company’s stock on the date of grant, the option price must not be less than 110% of the fair market value of common stock on the grant date.). Options granted are not to exceed terms beyond five years.

In order to exercise an option granted under the Plan, the optionee must pay the full exercise price of the shares being purchased. Payment may be made either: (i) in cash; or (ii) at the discretion of the Board, by delivering shares of common stock already owned by the optionee that have a fair market value equal to the applicable exercise price; or (iii) with the approval of the Board, with monies borrowed from us.

Subject to the foregoing, the Committee has broad discretion to describe the terms and conditions applicable to options granted under the Plan. The Board may at any time discontinue granting options under the Plan or otherwise suspend, amend or terminate the Plan and may, with the consent of an optionee, make such modification of the terms and conditions of such optionee’s option as the Board shall deem advisable. No stock options have been granted under the 2012 Plan.

- Definition

The entire disclosure for shareholders' equity, comprised of portions attributable to the parent entity and noncontrolling interest, if any, including other comprehensive income (as applicable). Including, but not limited to: (1) balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings; (2) accumulated balance for each classification of other comprehensive income and total amount of comprehensive income; (3) amount and nature of changes in separate accounts, including the number of shares authorized and outstanding, number of shares issued upon exercise and conversion, and for other comprehensive income, the adjustments for reclassifications to net income; (4) rights and privileges of each class of stock authorized; (5) basis of treasury stock, if other than cost, and amounts paid and accounting treatment for treasury stock purchased significantly in excess of market; (6) dividends paid or payable per share and in the aggregate for each class of stock for each period presented; (7) dividend restrictions and accumulated preferred dividends in arrears (in aggregate and per share amount); (8) retained earnings appropriations or restrictions, such as dividend restrictions; (9) impact of change in accounting principle, initial adoption of new accounting principle and correction of an error in previously issued financial statements; (10) shares held in trust for Employee Stock Ownership Plan (ESOP); (11) deferred compensation related to issuance of capital stock; (12) note received for issuance of stock; (13) unamortized discount on shares; (14) description, terms, and number of warrants or rights outstanding; (15) shares under subscription and subscription receivables, effective date of new retained earnings after quasi-reorganization and deficit eliminated by quasi-reorganization and, for a period of at least ten years after the effective date, the point in time from which the new retained dates; and (16) retroactive effective of subsequent change in capital structure.

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+ Details

Tundra Gold Corp. 10-K