Share Capital and Shares Issued for Settlement	9 Months Ended
Mar. 31, 2012
Notes to Financial Statements
Share Capital and Shares Issued for Settlement	Note 4 – Share Capital and Shares Issued for Settlement of Accounts Payable On June 17, 2011, the Company implemented a Board authorized increase to the Company's authorized share capital. Under the Company's original Articles of Incorporation it was authorized to issue 100,000,000 shares of common stock, par value $0.001 and 1,000,000 shares of preferred stock, par value $0.001. On June 17, 2011, the Company filed a Certificate of Amendment to its Articles of Incorporation (the “Amendment”) with the Secretary of State of Nevada. As a result of the Amendment, the Company increased the authorized number of shares to seven hundred fifty million (750,000,000) shares, par value $0.001; and created a class of one hundred million (100,000,000) shares of preferred stock, par value $0.001, for which the Board of Directors may fix and determine the designations, rights, preferences or other variations. As authorized by the Board and approved by the Financial Industry Regulatory Authority ('FINRA'), on June 24, 2011 the Company implemented a 50-for-1 forward split of its issued and outstanding common shares whereby every one (1) old share of common stock was exchanged for fifty (50) new shares of the Company's common stock. This increased the issued and outstanding shares of common stock from 8,500,000 prior to the forward split to 425,000,000 following the forward split. The forward split shares were authorized to be payable upon surrender of certificates to the Company's transfer agent. All references to stock issued and stock outstanding have been retroactively adjusted as if the stock split had taken place on June 23, 2010 (inception). On June 24, 2010, the Company issued 325,000,000 shares of its common stock to its incorporator, chief executive officer and president for organization costs/services and issued an additional 15,000,000 shares to its sole outside director for services. These services were valued at $6,500 and $300, respectively based on a share price of $0.00002. On June 24, 2010, following its formation, the Company issued 300,000,000 shares of our common stock to an unaffiliated entity, as consideration for the purchase of 12 websites and/or domain names, based on a fair value estimate price of $0.00002 per share for total deemed consideration of $6,000. On February 23, 2011, the Company issued 100,000,000 shares of its common stock to nineteen (19) accredited investors who purchased their shares under a registration statement filed on Form S-1 with the Securities Exchange Commission ('SEC'). The nineteen (19) individual investors paid $0.0002 per share or a total of combined investment of $20,000. On May 2, 2011, the Company's sole outside director submitted 15,000,000 shares he held for cancellation. On June 23, 2011, the Company's president submitted 300,000,000 shares he held for cancellation. On July 12, 2011, the Company issued 9,750,000 restricted shares of our common stock to the vendors of the Pilot Peak Property. These shares issued based on a fair value estimate price of $0.0005 per share for total deemed consideration of $4,875. This valuation was based on the closet comparable transaction which was a private control shares transaction on May 11, 2011 which was valued at $0.0005 per share. On December 13, 2011, the Company issued 1,500,000 restricted shares of our common stock to the vendors of the Eagleville Property. These shares were cancelled on January 20, 2012 and due to the proximity of this event to the December 31, 2011 period end, the effect of this cancellation was backdated to December 31, 2011. At March 31, 2012, there were 434,750,000 shares of our common stock issued and outstanding and no preferred stock issued and outstanding.

Share Capital and Shares Issued for Settlement

9 Months Ended

Mar. 31, 2012

Share Capital and Shares Issued for Settlement

Note 4 – Share Capital and Shares Issued for Settlement of Accounts Payable

On June 17, 2011, the Company implemented a Board authorized increase to the Company's authorized share capital. Under the Company's original Articles of Incorporation it was authorized to issue 100,000,000 shares of common stock, par value $0.001 and 1,000,000 shares of preferred stock, par value $0.001. On June 17, 2011, the Company filed a Certificate of Amendment to its Articles of Incorporation (the “Amendment”) with the Secretary of State of Nevada. As a result of the Amendment, the Company increased the authorized number of shares to seven hundred fifty million (750,000,000) shares, par value $0.001; and created a class of one hundred million (100,000,000) shares of preferred stock, par value $0.001, for which the Board of Directors may fix and determine the designations, rights, preferences or other variations.

As authorized by the Board and approved by the Financial Industry Regulatory Authority ('FINRA'), on June 24, 2011 the Company implemented a 50-for-1 forward split of its issued and outstanding common shares whereby every one (1) old share of common stock was exchanged for fifty (50) new shares of the Company's common stock. This increased the issued and outstanding shares of common stock from 8,500,000 prior to the forward split to 425,000,000 following the forward split. The forward split shares were authorized to be payable upon surrender of certificates to the Company's transfer agent.

All references to stock issued and stock outstanding have been retroactively adjusted as if the stock split had taken place on June 23, 2010 (inception).

On June 24, 2010, the Company issued 325,000,000 shares of its common stock to its incorporator, chief executive officer and president for organization costs/services and issued an additional 15,000,000 shares to its sole outside director for services. These services were valued at $6,500 and $300, respectively based on a share price of $0.00002.

On June 24, 2010, following its formation, the Company issued 300,000,000 shares of our common stock to an unaffiliated entity, as consideration for the purchase of 12 websites and/or domain names, based on a fair value estimate price of $0.00002 per share for total deemed consideration of $6,000.

On February 23, 2011, the Company issued 100,000,000 shares of its common stock to nineteen (19) accredited investors who purchased their shares under a registration statement filed on Form S-1 with the Securities Exchange Commission ('SEC'). The nineteen (19) individual investors paid $0.0002 per share or a total of combined investment of $20,000.

On May 2, 2011, the Company's sole outside director submitted 15,000,000 shares he held for cancellation.

On June 23, 2011, the Company's president submitted 300,000,000 shares he held for cancellation.

On July 12, 2011, the Company issued 9,750,000 restricted shares of our common stock to the vendors of the Pilot Peak Property. These shares issued based on a fair value estimate price of $0.0005 per share for total deemed consideration of $4,875. This valuation was based on the closet comparable transaction which was a private control shares transaction on May 11, 2011 which was valued at $0.0005 per share.

On December 13, 2011, the Company issued 1,500,000 restricted shares of our common stock to the vendors of the Eagleville Property. These shares were cancelled on January 20, 2012 and due to the proximity of this event to the December 31, 2011 period end, the effect of this cancellation was backdated to December 31, 2011.

At March 31, 2012, there were 434,750,000 shares of our common stock issued and outstanding and no preferred stock issued and outstanding.

RARUS TECHNOLOGIES INC 10-Q