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INVESTMENT IN EQUITY SECURITIES

9 Months Ended

Sep. 30, 2013

INVESTMENT IN EQUITY SECURITIES [Text Block]

NOTE 5 – INVESTMENT IN EQUITY SECURITIES

Investments in equity securities ( 150,000 shares of Alterra Power Corp, a publicly traded renewable energy company) activities consisted of the following:

		Amount
Available-for-sale equity securities:
Cost basis	$	88,515
Net unrealized losses		(22,355	)
Foreign exchange losses		(609	)
Fair value at December 31, 2012		65,551

Net unrealized losses		(18,925	)
Foreign exchange losses		(2,994	)
Fair value at September 30, 2013	$	43,632

- Definition

The entire disclosure for equity method investments and joint ventures. Equity method investments are investments that give the investor the ability to exercise significant influence over the operating and financial policies of an investee. Joint ventures are entities owned and operated by a small group of businesses as a separate and specific business or project for the mutual benefit of the members of the group.

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