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Subsequent Events
12 Months Ended
Mar. 31, 2015
Subsequent Events [Abstract]  
Subsequent Events
16.Subsequent Events

 

(a)On April 24, 2015, the Company issued 1,058,317 shares of common stock pursuant to a settlement agreement with a non-related party to settle the outstanding amounts, including accrued interest, arising from the May 27, 2014 convertible debenture. Refer to Note 6(a).

 

(b)On April 24, 2015, the Company issued 459,418 shares of common stock pursuant to a settlement agreement with a non-related party to settle the outstanding amounts, including accrued interest, arising from the June 12, 2014 convertible debenture. Refer to Note 6(b).

 

(c)On May 20, 2015, the Company received share subscription proceeds of $25,000 for the issuance of 50,000 shares of common stock at $0.50 per share.

 

(d)On May 26, 2015, the Company received share subscription proceeds of $275,000 for 550,000 shares of common stock at $0.50 per share.

 

(e)On June 6, 2015, the Company received proceeds of $50,000 for the issuance of 100,000 shares of common stock at $0.50 per share. In consideration for the share subscription, the Company granted the subscriber an option to purchase an additional $250,000 of shares of common stock. The option must be exercised within 21 days of the Company entering into a binding agreement for the sale or license of its ENVI-Clean or ENVI-Pure emission control technology system. The option expires on June 6, 2017 and has an exercise price of $1.50 per share.

 

(f)On June 10, 2015, the Company received share subscription proceeds of $300,000 for 600,000 shares of common stock at $0.50 per share.

 

(g)Subsequent to March 31, 2015, the Company entered into several loan agreements with a significant shareholder of the Company for proceeds of $15,573, which are unsecured, bear interest at the US Bank Prime Rate plus 4%, and are due on demand.

 

(h)On June 30, 2015, the Company entered into a share purchase agreement whereby the Company acquired 100 common shares of Pacific Green Technologies Asia Limited, representing 100% of the issued and outstanding shares, for consideration of $1.