Common Stock

9 Months Ended

Sep. 30, 2013

(a) On July 30, 2013, the Company issued 40,500,000 post-split shares of common stock for proceeds of $202,500 which has been recorded as a note receivable. Refer to Note 6.

(b) On August 7, 2013, the Company approved a 12-for-1 forward stock split of its issued and outstanding common stock. Furthermore, the par value of the Company’s common stock was amended from $0.0001 per share to $0.001 per share. All effects of the forward stock split on the common stock and par value amounts have been applied retroactively.

(c) On August 26, 2013, the Company issued 3,000,000 shares of common stock with a fair value of $870,000 for the acquisition of FACTIVE®. In addition, the Company agreed to issue 2,200,000 shares of common stock with a fair value of $638,000 for support services relating to the acquisition of FACTIVE®. As at September 30, 2013, the 2,200,000 shares of common stock have not been issued and have been recorded as common stock issuable. Refer to Note 3.

Vansen Pharma Inc. 10-Q