Also..
Subsequent to the year ended December 31, 2010, the Company issued convertible debenture through a
private placement and generated gross proceeds of $1,125,000. The debentures are convertible into
common shares at
.10 per share.
Outstanding Share Data
The following securities were outstanding as at December 31, 2010:
Common shares 118,047,615
Stock options 7,335,000
Warrants 30,713,000
Convertible debentures 8,180,000