Stock Purchase Warrants

6 Months Ended

Jun. 30, 2011

Stock Purchase Warrants [Text Block]

10.	Stock Purchase Warrants
	During the six months ended June 30, 2011, 4,041,421 common share purchase warrants were exercised for gross proceeds of $12,124,264 and 183,579 common share purchase warrants expired, unexercised.
	A summary of the changes in the Company’s common share purchase warrants is presented below:

			Weighted Average
	Number		Exercise Price
			$
Balance December 31, 2010	6,225,000		3.00
Exercised	(4,041,421	)	3.00
Expired	(183,579	)	3.00
Balance June 30, 2011	2,000,000		3.00

As at June 30, 2011, the following common share purchase warrants were outstanding:

Number of Warrants	Exercise Price	Expiry Date
	$
2,000,000	3.00	June 30, 2014