OWNED SECURITIES

3 Months Ended

Nov. 30, 2013

OWNED SECURITIES [Text Block]

4.	OWNED SECURITIES
	As at November 30, 2013 owned securities consist of 375,000 common shares of Cheetah Oil & Gas Ltd. obtained through the disposal of the Company’s oil and gas properties in Mississippi in 2010. The Company classified the securities owned as held-for-trade and recorded at fair value.
	The fair value of the common shares of Cheetah Oil & Gas Ltd. was $0.01 per share as at November 30, 2013 ( August 31, 2013 - $0.01).