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Note 4 - Capital Stock and Warrants
3 Months Ended
Sep. 30, 2012
Note 4 - Capital Stock and Warrants:  
Note 4 - Capital Stock and Warrants

Note 4 - Capital Stock and Warrants

 

Authorized

 

The total authorized capital is 200,000,000 common shares with a par value of $0.001 per common share.]

 

Issued and outstanding

           

On September 28, 2012, the Company issued 100,000 common shares upon the exercise of 100,000 whole warrants at an exercise price of CDN $0.75 per common share, for gross proceeds of CDN $75,000.  The warrants were originally issued pursuant to a private placement offering of 200,000 Units on July 27, 2011.  The Units were comprised of one common share and one half of one common share purchase warrant.]