WARRANTS (Tables)

12 Months Ended

Feb. 28, 2015

Warrants Tables

Common stock purchase warrants issued and outstanding

The following table summarizes common stock purchase warrants issued and outstanding:

	Warrants		Weighted average exercise price		Aggregate intrinsic value		Weighted average remaining contractual life (years)
Outstanding at February 28, 2014		3,146,355	$	1.24	$	-		-
Issued		5,561,371	$	1.16	$	-		-
Outstanding at February 28, 2015		8,707,726	$	1.19	$	72,250		3.33

Warrants exercisable

The following table summarizes common stock purchase warrants exercisable at February 28, 2015:

Exercise prices		Number of shares		Weighted average remaining life (years)		Exercisable number of shares
$	0.55		455,000		5.09		455,000
$	0.68		220,000		1.71		220,000
$	0.70		1,860,371		5.09		1,860,371
$	0.91		1,497,124		1.93		1,497,124
$	1.40		786,250		1.49		786,250
$	1.50		3,371,000		3.27		3,371,000
$	2.10		472,001		2.96		472,001
$	2.50		25,980		2.87		25,980
$	3.00		20,000		1.92		20,000