Subsequent Events

3 Months Ended

Jul. 31, 2011

Subsequent Events

Subsequent Events [Text Block]

5. Subsequent Event

On September 6, 2011, the Company entered into an amendment to the note payable, issued by the Company on May 9, 2011 to Mr. Gilbert. Pursuant to the terms of the amendment, the interest rate on the note payable was reduced from an annual rate of 9% to an annual rate of 6%, and the Company’s option to pay interest at the annual rate of 3% in cash or “paid in kind” was discontinued. As of September 6, 2011, the note payable bears interest at an annual rate of 6%, payable in cash.