|
SUBSEQUENT EVENTS
|
9 Months Ended | ||
|---|---|---|---|
|
Aug. 31, 2012
|
|||
| SUBSEQUENT EVENTS [Text Block] |
On September 19, 2012 the board of directors approved to cancel all the 905,000 options issued on January 4, 2012. These cancelled options will be exchanged into 905,000 warrants on terms identical to the terms of the existing stock options in the Company. This exchange is conditional and to be effective when the holder of the options agrees to the cancellation and exchange in the form acceptable to the Company |
| X | ||||||||||
|
- Definition
The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. No definition available.
|