WARRANTS (Tables)

12 Months Ended

Feb. 28, 2013

Warrants Tables

Common stock purchase warrants issued and outstanding

The following table summarizes common stock warrants issued and outstanding:

	Warrants		Weighted average exercise price		Aggregate intrinsic value		Weighted average remaining contractual life (years)
Outstanding at February 28, 2011		-	$	-	$	-		-
Granted by MetaStat		1,933,372		0.94		4,953,038		3.80
Granted by PVSO		350,000		1.40		735,000		4.00
Outstanding at February 29, 2012		2,283,372	$	1.01	$	5,688,038		3.83
Granted by MetaStat		448,700		1.71		826,850		3.46
Outstanding at February 28, 2013		2,732,072	$	1.13	$	6,514,888		3.77

Warrants exercisable

Warrants exercisable at February 28, 2013 are:

Exercise prices		Number of shares		Weighted average remaining life (years)		Exercisable number of shares
$	0.68		220,000		3.71		220,000
$	0.91		1,497,122		3.93		1,497,122
$	1.40		786,250		3.49		216,250
$	1.50		150,000		3.60		150,000
$	3.00		78,700		3.97		78,700