7. SUBSEQUENT EVENTS

6 Months Ended

Jun. 30, 2012

Subsequent Events [Text Block]

7. SUBSEQUENT EVENTS

On July 28, 2012, the Company issued CAD$190,300 principal amount of unsecured, redeemable convertible debentures (“Debentures“) to Canadian investors in a private offering. The Debentures are convertible at a conversion price of CAD$0.35 per unit. Each unit consists of one share of common stock and a two-year warrant to purchase a share of common stock at an exercise price of CAD$0.40 per share.