Most warrants exercised, 3rd quarter filing.The 3rd quarter filing for the period ending December 31st now available on SEDAR indicate that most of the warrants have been exercised. From the three month period ending December 31st, 2007 and also from the MD&A under "Subsequent Events" the following is reported.
(e) Subsequent to period end, 11,873,465 warrants were exercised for gross proceeds of approximately$1,424,815.80 and the debenture for $100,000 was converted resulting in the issuance of 952,381
common shares and warrants exercisable for a period of 12 months. The total amount of shares issued in
the subsequent period was 12825,846.
Going forward the warrant obstacle from past financing has been reduced considerably. rich47.