Supplemental disclosure with respect to cash flows

6 Months Ended

Jun. 30, 2012

Supplemental disclosure with respect to cash flows

14.

Supplemental disclosure with respect to cash flows

The significant non-cash transactions for the three and six month period ended June 30, 2012 were nil.

The significant non-cash transactions for the six month period ended June 30, 2011 consisted of the transfer of $668,484 for the fair value of share purchase warrants exercised from paid in additional capital to share capital; the transfer of $2,154,570 for the fair value of share purchase warrants exercised or expired from warrant liability to share capital.

- Definition

The entire disclosure for supplemental cash flow activities, including cash, noncash, and part noncash transactions, for the period. Noncash is defined as information about all investing and financing activities of an enterprise during a period that affect recognized assets or liabilities but that do not result in cash receipts or cash payments in the period. "Part noncash" refers to that portion of the transaction not resulting in cash receipts or cash payments in the period.

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