SHARE PURCHASE WARRANTS

3 Months Ended

Sep. 30, 2015

SHARE PURCHASE WARRANTS:

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, 2015, the Company had the following warrants outstanding:

Exercise Price		Expiry Date	Weighted Average Remaining Contractual Life (Years)		Outstanding at June 30, 20154		Issued		Exercised		Waived		Expired		Outstanding at September 30, 2015
$	0.15	March 14, 2019		3.45		4,012,500		-		-		-		-		4,012,500