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Financing Agreement
6 Months Ended
Jun. 30, 2011
Notes to Financial Statements  
Financing Agreement

Note 6 – Financing Agreement

 

On March 28, 2010 the Company entered into a financing agreement with Sunrise Energy Investment Ltd. The Company will sell up to $10,000,000 of its common stock. The Common Stock will also have an attached warrant to purchase future shares for $1.60.

 

As of March 31, 2011, the Company has drawn $1,400,000 and has issued 1,970,771 shares to Sunrise Energy Investment.