(e) Warrants:
Issue Date Expiry date
Number of
warrants
Weighted
average
exercise price
Balance, December 31, 2007 1,006,054 $ 0.41
May 6, 2008 May 6, 2010 2,415,000 0.20
June 11, 2008 June 11, 2010 4,561,550 0.20
June 20, 2008 June 20, 2010 5,163,250 0.20
Warrants expired during the year (1,006,054) 0.41
Balance, December 31, 2008 12,139,800 0.20
March 5, 2009 March 5, 2010 1,000,000 0.15....done!
May 20, 2009 May 20, 2010 4,995,000 0.15
June 28, 2009 June 29, 2010 3,100,000 0.15
Balance, September 30, 2009 21,234,800 $ 0.18