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19. Subsequent events
12 Months Ended
Dec. 31, 2013
Subsequent Events [Abstract]  
19. Subsequent events

19. Subsequent events

  

Further to the announcement on December 20, 2013 regarding Greenestone’s potential merger of assets, talks continue to be ongoing. There has not been a shareholders meeting as of yet to vote on proposed transaction.

 

The company closed on the balance of the private placement of equity in the first quarter of 2014. The company raised in aggregate $510,000 through a share issue at 8.5 cents a share ( 6,000,000 shares ) with a corresponding number of warrants with a conversion price of 15 cents a share.