Quarterly report pursuant to Section 13 or 15(d)

SUBSEQUENT EVENTS

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SUBSEQUENT EVENTS
6 Months Ended
May 31, 2014
SUBSEQUENT EVENTS [Text Block]
14.

SUBSEQUENT EVENTS

The Company engaged Fin-XO Securities Inc. to arrange a financing, on a best efforts basis, for gross proceeds totaling no less than CAD$1,000,000 but no more than CAD$1,500,000 via convertible debenture. The terms of the convertible debenture include a non-secured instrument, having a thirty-six (36) month maturity, carrying an interest rate of twelve percent ( 12%) per annum payable in cash on a semi-annual basis. The principal amount of the debentures are convertible at the holder’s option at any time into SDI common shares at a conversion price of CAD $0.50. Upon TSX Venture Exchange approval the private placement is set to close on or before July 31, 2014.