Some IBK's warrants expire on june 8, 2015 (1.4 millions at $0.34)

Maybe they are selling some shares to exercice their warrants.

During 2012, the Company completed various brokered private placement financings for gross proceeds aggregating $5,428,644 ($5,384,870 CAD). IBK Capital Corp. acted as agent in respect of the issuance and sale of 23,412,479 units, at a price of $0.225 ($0.23 CAD) per unit. Each unit consists of one common share and one common share purchase warrant. Each whole warrant entitles the holder to purchase one additional common share of the Company at a price of $0.34 ($0.35 CAD) per share for a period of three years.