| Effective as of September 16, 2011 through September 20, 2011, Helix Wind, Corp. (the "Company") issued a total of 190,000,000 shares of common stock to an accredited investor upon their conversion of certain previously issued convertible promissory notes. Other than the extinguishment of debt principal in the amount of $9,500, no consideration was received by the Company in the transactions. The issuance of shares of common stock were exempt from registration under the Securities Act pursuant to Section 4(2) thereof and/or Rule 506 of Regulation D under the Securities Act. The offering was not conducted in connection with a public offering, and no public solicitation or advertisement was made or relied upon by the investors in connection with the offering. After this conversion, the total number of outstanding shares of common stock is 2,652,000,000 shares. |
