Only bright spot in it maybe perhaps is that Art's in it for $85,000 of the $481,000 Certain related parties of the Corporation participated in the Debt Settlement. Arthur Halleran, a director and officer of the Corporation, subscribed for 1,146,667 Debt Units in connection with Debt Settlement for a total subscription amount of $85,000.
Both sides of the border - Are you two in on it ? Additionally the Corporation closed a non-brokered private placement financing for aggregate gross proceeds of USD$235,808 (the "US Offering"). Under the US Offering, the Corporation issued an aggregate of 4,716,160 units ("US Units"), at a price of USD$0.05 per US Unit. Each US Unit was comprised of Common Share and one Common Share purchase warrant ("US Warrant"). Each US Warrant entitles the holder to purchase one Common Share at a price of USD$0.08 for a period of 24 months from the closing date.