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Common Stock
194 Months Ended
Sep. 30, 2011
Common Stock
6.  Common Stock  
     
 
In April 2011, as an incentive to assist with future private placements, the Company authorized the payment of a non cash finders fee of 450,000 shares of common stock of the Company in connection with the private placement completed in April 2010. The shares were issued in May 2011. The issuance of these shares had no net effect on total shareholders' equity or results of operations as they related to fees associated with issuance of shares.
     
 
In September 2011, 1,671,000 shares were issued to an individual for cash at $0.10 per share.
     
 
In September 2011, 150,000 shares were issued to a company for services rendered at $0.16 per share.
     
 
In October 2011, the Company filed a Registration Statement on Form S-1 offering up to a maximum of 50,000,000 units of the Company's  securities at an offering price of $0.10 per Unit in a direct public offering, without any involvement of underwriters or broker-dealers. Each Unit consists of:
     
 
(i)
one (1) share of common stock of the Company, $0.001 par value per share; and,
 
(ii)
one (1) Warrant.
     
 
Each Warrant entitles the holder to purchase one additional share of our common stock at a price of $0.20 for a period of two years commencing on November 1, 2011 through October 31, 2013. To date, no funds have been obtained from this offering.