Common Stock

12 Months Ended

Dec. 31, 2011

Equity [Abstract]

Common Stock

8.    Common Stock

Year Ended December 31, 2011

None

Year Ended December 31, 2010

a) In November 2010, the Company authorized the issuance of 150,000 common shares for consulting services with a fair value of $27,000, based on end-of-day trading prices on the date of issuance.  As at December 31, 2010, the common shares have not been issued.

b) On October 6, 2010, the Company issued 20,000 common shares to settle consulting and advisory services with a fair value of $22,000 based on the ending market price of the Company's common shares on the date of issuance.

c) On August 12, 2010, the Company issued 260,000 common shares of the Company to settle consulting and advisory services with a fair value of $299,000, based on the ending market price of the Company's common shares on the date of issuance.

d) On August 5, 2010, the Company issued 800,000 common shares for proceeds of $800,000.

e) On July 16, 2010, the Company issued 700,000 common shares for proceeds of $700,000.

f) On May 19, 2010, the Company issued 500,000 common shares for proceeds of $500,000.

a) On May 5, 2010, the Company issued 100,000 common shares of the Company to settle consulting services with a fair value of $120,000, based on ending market prices of the Company's common shares.

b) On April 21, 2010, the Company issued 174,000 common shares of the Company for proceeds of $57,001.

c) On April 20, 2010, the Company issued 1,000,000 common shares to the shareholders of Ship Ahoy as part of acquisition as noted in Note 3.  The shares were valued at $710,636 by the valuation specialist.

d) On January 28, 2010, the Company issued 125,000 common shares of the Company at $0.20 per common share for proceeds of $25,000.