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Note 21 - Subsequent Events
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9 Months Ended |
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Mar. 31, 2013
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| Subsequent Events [Text Block] |
NOTE
21 - SUBSEQUENT EVENTS
In
April 2013, 81,136 shares were issued to the holders of
convertible notes against conversion of the remaining
$400,000 of principal value resulting in a note value to
nil.
In
April 2013, employees of the Company exercised options to
acquire 58,827 shares of common stock valued at
$520,000.
In
April 2013, one of the officers of the Company exercised
options to acquire 10,000 shares of common stock valued at
$65,000.
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- 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.
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