Quarterly report pursuant to sections 13 or 15(d)

11. Subsequent events

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11. Subsequent events
3 Months Ended
Mar. 31, 2012
Subsequent Events [Text Block]

11.  Subsequent events


Increase in Outstanding Shares


During the period from April 1, 2012 through May 9, 2012, the Company issued 2,110,800 shares of its common stock.  This was comprised of the following:


The Company issued 855,800 shares of its common stock upon conversion of $213,950 of debt to its existing convertible note holders.


The Company issued 255,000 shares of its common stock upon exercise of warrants for aggregate proceeds of $72,000.


The Company issued 1,000,000 shares of its common stock per consulting agreement with Hampton Growth Resources, LLC. The shares will be valued at the trading price at the date of the agreement, which is approximately $370,000.