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Friday, March 04, 2011 1:11:18 PM
On March 3, 2011, we issued 1,223,777 of our common shares (each, a "Share") at a price of $1.43 per Share for gross proceeds of $1,750,000, which the Company received in full. We issued 1,223,777 Shares to one subscriber that represented that it was not a US person (as that term is defined in Regulation S of the Securities Act of 1933, as amended) in an offshore transaction pursuant to Regulation S and/or Section 4(2) of the Securities Act of 1933, as amended."
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