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Subsequent Events
6 Months Ended
Aug. 31, 2011
Notes to Financial Statements 
Subsequent Events

9              Subsequent Events
 
On September 12, 2011, the Company issued and sold an aggregate of 3,500,000 common stock units at a purchase price of $0.05 per unit receiving proceeds of $175,000. Each Unit is comprised of (i) one share of the Company's common stock (the "Shares") and (ii) a two-year ½ warrant to purchase 0.50 shares of the Company's common stock (the "Warrants"). The exercise price applicable to the Warrants is $0.10 per Share. In this closing, a total of 3,500,000 Shares were issued and the total number of shares of common stock issuable upon exercise of the Warrants at the exercise price is 1,750,000 in aggregate. As of August 31, 2011, the Company had received subscriptions towards this placement of $141,147. Also in September 2011, the Company issued an aggregate of 1,700,000 shares of common stock as compensation for service contracts.

On September 16, 2011, Sillenger entered into an agreement with First African, whereby First African will serve as the Company’s exclusive representative for obtaining, negotiating and performing contracts with countries in Africa and the Middle East, in connection with mining, hydrocarbons, water, and other natural resource projects. The agreement is contingent upon the Company obtaining financing and entering into a contract with a target country, and the Company receiving financing for the performance of the contract.

On September 19, 2011, Sillenger announced that it entered into a Memorandum of Understanding (“MOU”) to form a partnership with the Government of the Republic of Benin, which has a strong desire to drive its economic growth by developing its mining and oil industries.