SUBSEQUENT EVENT

6 Months Ended

Jun. 30, 2011

SUBSEQUENT EVENT [Text Block]

NOTE 7 – SUBSEQUENT EVENT

On August 16, 2011, the Company entered into an agreement with the holder of certain notes payable to issue 10,202,055 units to repay $2,040,411 in principal and accrued interest. Each unit consists of one common share of the Company and one warrant that allows the holder to purchase common shares of the Company as follows:

i.	Up to 2 years from the date of issue	$	0.50
ii.	After 2 years but before 3 years from date of issue	$	0.75
iii.	After 3 years but before 4 years from date of issue	$	1.00
iv.	After 4 years but before 5 years from date of issue	$	1.25