8.	COMMON STOCK

Common Stock Issued and Outstanding

As of March 31, 2017, the Company had outstanding 229,374,605 shares of common stock.

Warrants

On November 23, 2016, warrants to acquire up to 52,155,221 common shares of the Company, expired unexercised. As of March 31, 2017, the Company had no outstanding warrants.

The following is a summary of warrant activity for the period ended March 31, 2017:

	Number of Warrants			Weighted Average Exercise Price		Intrinsic Value

Balance, September 30, 2016		52,155,221		$	0.105	$	–
Expired at November 23, 2016		(52,155,221	)		0.105		–
Balance, March 31, 2017		–		$	–	$	–

Outstanding Warrants, March 31, 2017		–		$	–	$	–

There were no warrants outstanding as of March 31, 2017 (September 30, 2016 – there were 52,155,221 warrants outstanding, which had a historical fair market value of $3,153,216).