7. Capital Stock

6 Months Ended

Jun. 30, 2013

Notes

7. Capital Stock

7. CAPITAL STOCK

a)       Authorized

100,000 Class A Preferred shares with a par value of $0.001. There were no shares issued and outstanding at June 30, 2013.

300,000,000 Common shares of $0.001 par value.

b)       Issued

98,615,586 Common Shares (95,363,586 common shares – December 31, 2012)

	Number of Shares	Capital Stock	Additional paid in capital
Capital stock as at December 31, 2010	89,363,586	$89,364	$47,449,936
Stock issuances in 2011	4,700,000	4,700	1,295,300
Stock based compensation in 2011	-	-	1,124,367
Capital stock as at December 31, 2011	94,063,586	94,064	49,869,603
Stock issuances in 2012	1,300,000	1,300	519,814
Capital stock as at December 31, 2012	95,363,586	$95,364	$50,389,417
Stock issuance in 2013	3,252,000	3,252	1,275,836
Capital stock as at June 30, 2013	98,615,586	$98,616	$51,665,253

Regular Share Issuances:

On April 5, 2012, the Company issued an additional 500,000 common shares for cash of $121,652.  On August 17, 2012, the Company issued an additional 100,000 common shares for cash of $49,985.  On September 17, 2012, the Company issued an additional 280,000 common shares for cash of $139,477.  On September 25, 2012, the Company issued an additional 320,000 common shares for cash of $160,000. On October 12, 2012, the Company issued an additional 100,000 common shares for cash of $50,000. On February 28, 2013, the Company issued an additional 400,000 common shares for cash of $200,000. On April 15, 2013, the Company issued an additional 120,000 common shares for cash of $60,000.  On April 24, 2013, the Company issued an additional 12,000 common shares for cash of $5,000.  On April 25, 2013, the Company issued an additional 1,360,000 common shares for cash of $660,000. 

Warrants Exercised - Share Issuances:

On February 25, 2013, the Company issued an additional 200,000 common shares for cash of $50,000. On February 28, 2013, the Company issued an additional 200,000 common shares for cash of $50,000.

On March 22, 2013, the Company issued an additional 200,000 common shares for cash of $50,000.

On March 27, 2013, the Company issued an additional 600,000 common shares for cash of $152,895. On May 22, 2013, the Company issues an additional 200,000 common shares for cash of $50,000.

The following table provides consolidated information on the Company’s warrants as at June 30, 2013.  Each warrant provides the warrant holder the option to purchase one share.

	Number of  Warrants	Exercise Price	Exercisable Date	Expiry Date
Warrants issued on April 10, 2011	2,000,000	$0.25	Anytime	April 10, 2013
Warrants issued on April 15, 2011	100,000	$0.25	Anytime	April 15, 2013
Warrants issued on April 5, 2012	500,000	$0.25	Anytime	April 5, 2014
Warrants exercised on February 25, 2013	(200,000)	$0.25
Warrants exercised on February 28, 2013	(200,000)	$0.25
Warrants exercised on March 22, 2013	(200,000)	$0.25
Warrants exercised on March 27, 2013	(600,000)	$0.25
Warrants exercised on May 22, 2013	(200,000)	$0.25
Warrants expired on April 10, 2013	(600,000)	$0.25
Warrants expired on April 15, 2013	(100,000)	$0.25
Warrants outstanding as at June 30, 2013	500,000	$0.25