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Related Party Transactions
12 Months Ended
Sep. 30, 2012
Related Party Transactions [Abstract]  
Related Party Transactions

Note 11 – Related Party Transactions

 

On June 20, 2012, the Board of Directors passed a resolution for the issuance of options to each of the Directors as follows;

 

Name Number of Options Exercise price Date of expiry
Mr. Norm Collins 6,000,000 $0.0006 October 9, 2013
Mr. Dwayne Yaretz 3,500,000 $0.0006 June 20, 2017
Mr. Malcolm Burke 3,000,000 $0.0006 June 20, 2017

 

Subsequent to the acquisition of a 60% interest in Cellyx Group, Inc. by 5BARz International Inc., on April 13, 2012 5BARz converted $7,700 for 51,333,333 shares of Cellynx Group, Inc. common stock and on May 15, 2012 5BArz Interantional Inc. converted $58,500 for 390,000,000 shares of Cellynx Group, Inc. common stock. These conversions made by 5BArz International Inc. maintain the equity interst held in Cellynx Group, Inc on or around 60% as Cellynx experisnces dilution from sales of shares to third parties.