Stock Options

3 Months Ended

Jul. 31, 2012

Stock Options [Text Block]

12.	Stock Options
	The following table summarizes stock option plan activities:

		Weighted	Weighted
		Average	Average	Aggregate
		Exercise	Remaining	Intrinsic
	Number of	Price	Contractual Life	Value
	Options	$	(years)	$
Outstanding, October 31, 2011 and July 31, 2012	2,625,000	0.30	3.71	–

Additional information regarding stock options as of July 31, 2012 is as follows:

	Exercise
Number of	Price
Options	$	Expiry Date
2,000,000	0.15	March 3, 2015
275,000	0.50	July 23, 2017
350,000	1.00	December 18, 2017
2,625,000

At July 31, 2012, the Company had no unvested options or unrecognized compensation expense.