Warrants

9 Months Ended

Jan. 31, 2016

Notes to Financial Statements

Warrants

NOTE 7 - WARRANTS

The following is a summary of the Company’s warrants outstanding:

	Warrants		Weighted Average Exercise Price
Outstanding at April 30, 2013		1,727,948	$	0.67
Issued – January 4, 2013		2,161,600		0.50
Balance outstanding at April 30, 2014		3,889,548		0.62
Expired – June 18, 2014		(833,334)		(0.75)
Issued – January 29, 2014		1,614,400		0.23
Expired – January 4, 2014		(2,161,600)		(0.50)
Expired January 18, 2015		(894,614)		(0.80)
Balance outstanding at April 30, 2015		1,614,400	$	0.23
Issued – October 12, 2015		4,241,000		0.20
Balance outstanding at January 31, 2016		5,855,400	$	0.21

The composition of the Company’s warrants outstanding at January 31, 2015, is as follows:

Issue Date	Warrants		Exercise Price		Expiration Date
July 29, 2014		1,614,400	$	0.23	July 29, 2019
October 12, 2015		4,241,000			October 12, 2020
		1,614,400	$	0.23