WARRANTS (Tables)

3 Months Ended

Sep. 30, 2017

Schedule of Stockholders' Equity Note, Warrants or Rights

Information with respect to warrant activity is as follows:

			Weighted
			Average
	Number of		Exercise Price
	Warrants		Per Share
Balance at June 30, 2016		2,655,610	$	1.43
Warrants granted		357,500		0.42
Warrants exercised		(45,000)		0.37
Warrants expired		(2,610,610)		1.45
Balance at June 30, 2017		357,500		0.42
Warrants granted		220,000		0.40
Balance at September 30, 2017		577,500		0.41

- Definition

Tabular disclosure of warrants or rights issued. Warrants and rights outstanding are derivative securities that give the holder the right to purchase securities (usually equity) from the issuer at a specific price within a certain time frame. Warrants are often included in a new debt issue to entice investors by a higher return potential. The main difference between warrants and call options is that warrants are issued and guaranteed by the company, whereas options are exchange instruments and are not issued by the company. Also, the lifetime of a warrant is often measured in years, while the lifetime of a typical option is measured in months. Disclose the title of issue of securities called for by warrants and rights outstanding, the aggregate amount of securities called for by warrants and rights outstanding, the date from which the warrants or rights are exercisable, and the price at which the warrant or right is exercisable.

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