Share Purchase Warrants

3 Months Ended

Sep. 30, 2014

Share Purchase Warrants [Abstract]

SHARE PURCHASE WARRANTS

NOTE 9 – SHARE PURCHASE WARRANTS

On March 14, 2014, the Company entered into securities purchase agreements to raise a total $300,000 with three accredited investors introduced by Palladium to the Company.   Under the terms of the SPA, the purchasers subscribed for a total of 3,750,000 shares of the common stock of the Company at $0.08 per share and an equal number of warrants exercisable at $0.15 per share for a period of five years.  (see note 6 above).

As at September 30, 2014, the Company had the following warrants outstanding:

Exercise Price	Expiry Date	Weighted Average Remaining Contractual Life (Years)	Outstanding at June 30, 2014	Issued	Exercised	Waived	Expired	Outstanding at September 30, 2014
$0.15	March 14, 2019	4.45	4,012,500	-	-	-	-	4,012,500
			4,012,500					4,012,500