Subsequent events

12 Months Ended

Dec. 31, 2011

Subsequent events

11. Subsequent events

(a) Effective January 13, 2012, the Company’s board of directors granted 1,600,000 stock purchase options pursuant to the Company’s 2007 Stock Option Plan. Each of the Options has an issue date, effective date and vesting date of January 13, 2012, with an exercise price of $0.05 per share. The term of these Options are five years. The Options are exercisable at any time from the grant date up to and including the 12^th day of January 2017.

(b) On 20^th January 2012 the Company’s Kumealon claim over the property was relinquished.