STOCK WARRANTS (Tables)

9 Months Ended

Aug. 31, 2013

Warrants and Rights Note Disclosure [Abstract]

Schedule of Share-based Compensation Award, Shares Under Warrants [Table Text Block]

A summary of the status of warrants at August 31, 2013, and changes during the nine months then ended is presented in the following table:

					Weighted
			Weighted		Average
	Shares		Average		Remaining		Aggregate
	Under		Exercise		Contractual		Intrinsic
	Warrants		Price		Life		Value

Outstanding at November 30, 2012		9,277,030	$	0.7535		2.2 years	$	-
Issued		-		-
Exercised		(943,000)		1.0900
Expired		(360,000)		0.5000

Outstanding at August 31, 2013		7,974,030	$	0.7251		1.7 years	$	-

- Definition

Tabular disclosure of warrants or rights issued. Warrants and rights outstanding are derivative securities that give the holder the right to purchase securities (usually equity) from the issuer at a specific price within a certain time frame. Warrants are often included in a new debt issue to entice investors by a higher return potential. The main difference between warrants and call options is that warrants are issued and guaranteed by the company, whereas options are exchange instruments and are not issued by the company. Also, the lifetime of a warrant is often measured in years, while the lifetime of a typical option is measured in months. Disclose the title of issue of securities called for by warrants and rights outstanding, the aggregate amount of securities called for by warrants and rights outstanding, the date from which the warrants or rights are exercisable, and the price at which the warrant or right is exercisable.

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