Annual report pursuant to Section 13 and 15(d)

STOCK PURCHASE WARRANTS (Tables)

v2.4.0.6
STOCK PURCHASE WARRANTS (Tables)
 12 Months Ended
Nov. 30, 2012
Schedule of Stockholders' Equity Note, Warrants or Rights Issued on January 4, 2012 [Table Text Block]
Risk free rate 2.00%
Expected dividends 0%
Forfeiture rate 0%
Volatility 206.87%
Market price of Company’s common stock on date of grant of options $0.13
Compensation expense $100,148
Schedule of Stockholders' Equity Note, Warrants or Rights Issued on August 09, 2012 [Table Text Block]
Risk free rate   3.63%
Expected dividends   0%
Forfeiture rate   0%
Volatility   183,.31%
Market price of Company’s common stock on date of grant of options $ 0.20
Compensation expense $ 75,013
Schedule of Stockholders' Equity Note, Warrants or Rights Issued on October 3, 2012 [Table Text Block]
Risk free rate   1.5%
Expected dividends   0%
Forfeiture rate   0%
Volatility   199.60%
Market price of Company’s common stock on date of grant of options $ 0.42
Compensation expense $ 28,911
Schedule of Stockholders' Equity Note, Warrants or Rights, Activity [Table Text Block]
      Number of              
      Warrants     Exercise     Expiry  
      Granted     Prices     Date  
            $         
  Outstanding at November 30, 2010 and average exercise price   1,289,000     0.22        
  Granted in year 2011   -     -        
  Exercised   -     -        
  Forfeited/Expired   -     -        
  Cancelled   -     -        
  Outstanding at November 30, 2011 and average exercise price   1,289,000     0.22        
  Granted in year 2012   800,000     0.13     1/4/2016  
  Granted in year 2012*   850,000     0.25     6/30/2014  
  Granted in year 2012   400,000     0.20     8/9/2016  
  Granted in year 2012   75,000     0.42     10/2/2015  
  Granted in year 2012*   905,000     0.13     1/4/2016  
  Exercised   -     -        
  Forfeited/Expired   -     -        
  Cancelled   -     -        
  Outstanding at November 30, 2012 and average exercise price   4,319,000     0.19        
                     
  Exercisable at November 30, 2012   4,319,000     0.19        
  Exercisable at November 30, 2011   1,289,000     0.22        
Schedule of Stockholders' Equity Note, Warrants or Rights, Weighted Average Remaining Contractual Term, Outstanding and Exercisable [Table Text Block]
      2012     2011  
      (Years)     (Years)  
  Total outstanding warrants   2.8     3.9  
  Total exercisable warrants   2.8     3.9