Stockholders' Equity

12 Months Ended

Jan. 31, 2014

Stockholders' Equity Note [Abstract]

Stockholders' Equity Note Disclosure [Text Block]

Note 6.  Stockholders' Equity

During the period from January 31, 2001 (Inception of the Exploration Stage) through January 31, 2012, the Company completed the following equity transactions. The Company issued 800,000 shares of common stock upon the exercise of stock options for $30,000. Through a series of stock subscriptions, the Company issued 20,259,702 shares of common stock and ultimately received $972,768 in cash. The Company issued 3,900,420 shares of common stock for services valued at $187,740. The Company issued 12,769,639 shares of common stock for the settlement of debt of $871,568. The Company issued 650,000 shares of common stock for the settlement of payables to shareholders of $52,500. The Company issued 4,264,000 shares of common stock upon the exercise of warrants for $159,980. In addition, $864,068 of capital contributions made by a Company controlled by a shareholder in prior years were reclassified as notes payable and fully repaid during the year ended January 31, 2008. The Company recorded $222,568 in stock based compensation. In addition, the Company had capital contributions of $1,737,895, a discount on stock to an affiliate of $57,000, issued stock options for services of $629,500 and stock and subscriptions for services of $71,600 during this period.

During the year ended January 31, 2013, the Company issued 50,000,000 shares to the shareholders of New Fork at $0.04 per share, 2,000,000 shares for a one-year investor relations services that terminated on March 19, 2013 at $0.05 per share valued at $100,000, and 2,000,000 units each consisting of one common share and one half warrant for cash of $50,000.  The Company completed a private placement transaction in the amount of $50,000 by the issuance of 2,000,000 shares of common stock at $0.04 per share.  Each share included one-half of a warrant exercisable at $0.05 per share.

During the year ended January 31, 2014 the Company, for a total of $170,000 issued 8,500,000 shares of common stock at $0.02 per share to nine accredited investors. Each share also included one-half warrant exercisable at $0.25 per share with a term of five years from issuance.  Based on the terms and conditions of the warrants, we have concluded that all of the warrants issued meet the criteria for equity classification.