NOTE 8 - STOCK OPTIONS (Tables)

12 Months Ended

Jun. 30, 2012

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Options granted to directors

Name	Grant Date	Option Shares		Exercise Price		Years to Exercise
James Jensen	March 6, 2012		40,000	$	0.50		5
Rene Mikkelsen	March 6, 2012		30,000	$	0.50		5
Soren Jonassen	May 9, 2012		30,000	$	0.50		5

Options granted to management

Name	Grant Date	Option Shares		Exercise Price		Years to Exercise
Peter Moeller	March 6, 2012		400,000	$	0.50		5
Robert Bench	March 6, 2012		600,000	$	0.50		5
Lars Nielsen	June 19, 2012		300,000	$	0.50		3
Stephen Abu	June 19, 2012		300,000	$	0.50		3

Summary of the status of non-qualified stock options

	Shares Under Option			Weighted Average Exercise Price		Weighted Average Remaining Contractual Life		Aggregate Intrinsic Value
Outstanding at July 5, 2012 (date of inception)		0		$	—			$	—
Granted		1,700,000			0.50
Exercised		0			—
Expired		(400,000	)		0.50
Outstanding at June 30, 2012		1,300,000		$	0.50		4.08	$	325,000
Exercisable at June 30, 2012		225,000		$	0.50		4.08	$	56,250