Stock Options

9 Months Ended

Sep. 30, 2012

Stock Options [Text Block]

4.	Stock Options
	The following table summarizes the continuity of the Company’s stock options:

				Weighted
			Weighted	average	Aggregate
			average	remaining	intrinsic
	Number		exercise price	contractual life	value
	of options		US$	(years)	$
Outstanding, December 31, 2011	594,881		0.30
Expired	(294,881	)	0.51
Outstanding and exercisable, September 30, 2012	300,000		0.10	4.2	–

Additional information regarding stock options as of September 30, 2012, is as follows:

	Exercise
Number of	price
options	US$	Expiry date
300,000	0.10	November 21, 2016

As of September 30, 2012, the Company had no unrecognized compensation expense relating to unvested options.