CONVERTIBLE DEBENTURE (Tables)

12 Months Ended

Jun. 30, 2012

CONVERTIBLE DEBENTURE [Abstract]

Fair Value Measurements, Valuation Techniques [Table Text Block]

The following assumptions were used in determining the weighted average fair value of the derivative financial liability at inception:

	2012			2011
Expected life (years)		0.76		nil
Interest rate		0.71	%	nil
Volatility		62.80	%	nil
Dividend yield		N/A			N/A
Estimated forfeitures		N/A			N/A

The following assumptions were used in determining the weighted average fair value of the derivative financial liability on settlement:

	2012			2011
Expected life (years)		0.20		nil
Interest rate		0.66	%	nil
Volatility		72.76	%	nil
Dividend yield		N/A		N/A
Estimated forfeitures		N/A		N/A

The following assumptions were used in determining the weighted average fair value of the derivative financial liability at June 30, 2012:

	2012			2011
Expected life (years)		0.62		nil
Interest rate		0.94	%	nil
Volatility		70.20	%	nil
Dividend yield		N/A		N/A
Estimated forfeitures		N/A		N/A

Schedule of Convertible Debentures [Table Text Block]

The carrying value of the convertible debenture is as follows:

	2012			2011
Fair value at inception of the loan	$	158,500		$	0
Interest accrued		55,174			0
Settlement (issuance of common shares)		(120,318	)		0
Carrying amount of convertible debenture	$	93,356		$	0

Schedule of Derivative Liabilities [Table Text Block]

The net value of the derivative financial liability is as follows:

	2012			2011
Fair value at inception of the convertible debt	$	111,501		$	0
Loss on fair value of derivative liability		89,326			0
Settlement (issuance of common shares)		(116,109	)		0
Carrying amount of derivative liability	$	84,718		$	0