That is not entirely accurate.
During the second quarter of 2012, the Company issued 13,142,855 equity units for cash of $46,000 at $0.0035 per unit with each unit consisting of one common share and one 12 month share purchase warrant exercisable at $0.007 per share.
During the second quarter of 2012, the Company issued 26,600,000 equity units for cash of $54,000 at $0.0025 per unit with each unit consisting of one common share and one 12 month share purchase warrant exercisable at $0.005 per share.
During the second quarter of 2012, the Company issued 285,714 shares for cash of $1,714 for the exercise of warrants at $0.006 per share.
During the second quarter of 2012, the Company issued 133,500,000 equity units to settle $333,750 of accounts payable and or related party payables $0.0025 per unit with each unit consisting of one common share and one 12 month share purchase warrant exercisable at $0.005 per share.
That is $101,714 in funding. Also a decrease in debt by $333,750
