Subsequent Events
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3 Months Ended |
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Dec. 31, 2013
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Subsequent Events [Abstract] | |
Subsequent Events |
11. Subsequent Events
In January, 2014 the Company’s board of directors approved granting approximately 1,400,000 options to a director, management and various employees. The exercise prices ranged from $0.20 to $0.25 with a life of ten years and an average vesting period of three years.
In January of 2014, the Company entered into a consulting agreement with American Ventures. The terms of the agreement included a payment of 100,000 common shares of the Company’s stock, which are earned over the initial six month contractual period. As of the issuance of this report, these 100,000 shares have not been issued to American Ventures.
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