Note 10 - Share Based Compensation (Tables)

12 Months Ended

Jun. 30, 2013

Tables/Schedules

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

Non Qualified Stock Options, Activity

	Shares Under Option	Weighted Average Exercise Price	Weighted Average Remaining Contractual Life	Aggregate Intrinsic Value
Outstanding at July 5, 2011
(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
Granted	0	-
Exercised	0	-
Expired	0	-
Outstanding at June 30, 2013	1,300,000	$0.50	3.08	$325,000