Note 9

Subsequent Event

On September 4, 2015, the Company issued an aggregate of 2,930,000 units under a non-brokered private placement at a price of $0.50 per unit for aggregate gross proceeds of $1,465,000. Each unit consists of one share of the Company’s common stock and one-half of one common share purchase warrant, with each whole warrant entitling the holder to purchase one additional common share of the Company’s common stock at an exercise price of $0.75 per share until September 4, 2017.