Note 10 - Share Purchase Warrants

12 Months Ended

Jun. 30, 2013

Notes to Financial Statements

Note 10 - Share Purchase Warrants

NOTE 10 – SHARE PURCHASE WARRANTS

On May 9th and May 20th, 2013 respectively, we entered into two Private Placement Agreements,   one with a U.S. investor and  one with a  non-US investor pursuant to which, the investors have funded a total of $85,000 by way of a private placement units subscription agreement for a total of 188,888 units of the common stock of the Company at a price of $0.45 per unit, each unit consisting of one share and one share purchase warrant entitling the subscriber to purchase one additional share of common stock at $0.75 per share within one year from the original date of the  private placement.   

As at June 30, 2013, the Company had the following warrants outstanding:

Exercise Price	Expiry Date	Weighted Average Remaining Contractual Life (Years)	Outstanding at June 30, 2012	Issued	Exercised	Expired	Outstanding at June 30, 2013
$ 0.75	May 9, 2014	0.86	-	88,888	-	-	88,888
$ 0.75	May 20, 2014	0.89	-	100,000	-	-	100,000
			-	188,888	-	-	188,888