NOTE 1 - DESCRIPTION OF COMPANY THE COMPANY S HISTORY Mattmar Minerals, Inc. ( we ,  our ,  us,   Mattmar  or the  Company ) was incorporated in Nevada on April 18, 2006. We were an exploration stage company that owned certain mineral rights in Canada. The rights were deemed to have limited value during the fiscal year ended May 31, 2008. In May 2008, there was a change in control, as detailed below and we ceased our exploration activities and became a development stage company. Accordingly, our financial statements reflect our results in accordance with the disclosure requirements for a development stage company. On September 19, 2008 (the  Reincorporation Date ), we reincorporated in the state of Delaware by merger with and into Mattmar Minerals, Inc. ( Mattmar Delaware ), a corporation we organized under the laws of the state of Delaware (the  Delaware Merger ). On the Reincorporation Date, in accordance with the applicable provisions of the Nevada Revised Statutes and the Delaware General Corporate Laws, Mattmar was merged with and into Mattmar Delaware which became the surviving corporation and the officers, directors and shareholders of Mattmar became the officers, directors and stockholders of Mattmar Delaware without any change to their officership and/or directorship position(s), or beneficial ownership percentage, as may be applicable. On the Reincorporation Date, we adopted the capital structure of Mattmar Delaware consisting of 100,000,000 shares of capital stock, of which 99,000,000 shares are common stock, with a par value of $0.001 per share and 1,000,000 shares are preferred stock, with a par value of $0.001 per share. All issued and outstanding shares of common stock were automatically converted into the same number of shares of Mattmar Delaware common stock. On July 30, 2009, the Company put into effect a reverse stock split of the outstanding shares of its common stock, with a par value of $0.001 per share ( Common Stock ), on the basis of one (1) new share of Common Stock for each 10 shares of