RE:Regarding operating budgetGlad you brought that up. Make you feel pretty secure. Its nice to know there will be no more dilution for over a year. Cash is always good and of course they have started to realize income which could increase from various sources ongoing.
During the quarter, the Company completed a non-brokered private placement of 5,223,252 units comprising one common share and one warrant to acquire an additional common share which resulted in gross proceeds of $1,828,139 (net proceeds of $1,669,555). The Company had $2,361,841 in cash and cash equivalents at the end of the quarter which management believes should be adequate to fund operations based on our current forecast of expenditures and revenue for the next 15 to 18 months."