RE:insiders stole the companyOh and they very conveniently gave themselves 25 million warrants at 5 cents:
The Corporation intends to raise maximum aggregate gross proceeds of up to $500,000. It is expected the majority of the proceeds will be subscribed for by related parties to the Corporation, however, the private placement is being offered to all current shareholders of the Corporation who wish to participate. The private placement is not expected to result in the creation of any new control persons or a change of control. The non-brokered private placement will consist of up to 25,000,000 million units at $0.02 per unit, consisting of one common share and one common share purchase warrant. Each share purchase warrant will entitle the holder to purchase one common share at a price of $0.05, exercisable for a period of five years from closing.