5. Stockholders' Equity

3 Months Ended

Mar. 31, 2016

Equity [Abstract]

Stockholders' Equity

(a)        Common stock issuances:

No shares were issued during the quarter ended March 31, 2016.

Subsequent to the quarter ended March 31, 2016, the Company closed a private placement for 1,504,600 common shares at $0.60 per share which raised proceeds of CAD$ 902,760.

(b)       Stock option plans:

No options were granted or exercised during the period ended March 31, 2016.

(c)       Escrow shares

In conjunction with the Listing Application for the TSX-V listing, the Company's major shareholders were required to place 33,909,104 common shares of the Company in escrow under the terms of a TSX-V Tier 1 issuer. The escrow shares will be released in thirty three percent (33%) tranches on the dates that are six, twelve and eighteen months after the listing date. 11,303,035 was released during the year end December 31, 2015. The Escrow Shares will be released as follows:

	Number of shares
Balance December 31, 2015	22,606,069
Released in the quarter ending March 31, 2016	-
Balance March 31, 2016	22,606,069
Shares eligible for release in 2016	(22,606,069)
Balance December 31, 2016	-