8.	COMMON STOCK

Common Stock Issued and Outstanding

As of June 30, 2016, the Company had outstanding 229,374,605 shares of common stock.

Warrants

The following table summarizes the Company’s warrants outstanding as of June 30, 2016:

	Shares Underlying Warrants Outstanding						Shares Underlying Warrants Exercisable
Range of Exercise Price	Shares Underlying Warrants Outstanding		Weighted Average Remaining Contractual Life		Weighted Average Exercise Price		Shares Underlying Warrants Exercisable		Weighted Average Exercise Price

$0.105 at June 30, 2016		52,155,221		0.40	$	0.105		52,155,221	$	0.105
		52,155,221		0.40	$	0.105		52,155,221	$	0.105

The following is a summary of warrant activity for the period ended June 30, 2016:

	Number of Warrants			Weighted Average Exercise Price		Intrinsic Value

Balance, September 30, 2015		52,675,221		$	0.105	$	–
Expired at June 20, 2016		(520,000	)		0.075		–
Granted		–			–		–
Exercised		–			–		–
Balance, June 30, 2016		52,155,221		$	0.105	$	–

Outstanding Warrants, June 30, 2016		52,155,221		$	0.105	$	–

There were 52,155,221 warrants outstanding as of June 30, 2016 (September 30, 2015 – 52,675,221), which have a historical fair market value of $3,153,216 (September 30, 2015 - $3,153,216).