Annual report pursuant to Section 13 and 15(d)

Balance Sheets

v2.4.0.6
Balance Sheets (USD $)
Nov. 30, 2012
Nov. 30, 2011
CURRENT    
Cash $ 232,471 $ 114,835
Deferred costs 32,500 0
Deferred financing costs 0 10,916
Prepaid expenses and other receivables 7,200 107,704
Total Current Assets 272,171 233,455
Plant and Equipment 145,048 18,414
TOTAL ASSETS 417,219 251,869
CURRENT LIABILITIES    
Accounts payable and accrued liabilities 150,368 568,995
Current portion of Convertible Debentures 0 135,998
Total Current Liabilities 150,368 704,993
Convertible Debentures 1,192,639 731,828
Total Liabilities 1,343,007 1,436,821
STOCKHOLDERS' DEFICIT    
Preferred stock, $0.001 par value, 5,000,000 shares authorized, Nil issued and outstanding (2011 - nil) 0 0
Common stock, $0.001 par value 50,000,000 shares authorized, 31,472,433 issued and outstanding (2011 -26,828,050 ) 31,472 26,828
Additional Paid-In Capital 18,338,886 16,064,428
Deficit Accumulated During the Development Stage (19,296,146) (17,276,208)
Total Stockholders' Deficit (925,788) (1,184,952)
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT $ 417,219 $ 251,869