We note your statements under “Explanatory Note” indicates that this registration statement registers the sale of units, common shares and common shares underlying warrants that were previously registered by your registration statement filed on July 21, 2011 (File No. 333-175689), which became effective on August 4, 2011. We further note that such prior registration statement was not withdrawn and that the units, common shares and common shares underlying warrants covered by the registration statement were not removed from registration by means of a post-effective amendment. Please provide the basis for neither withdrawing your prior registration statement nor filing a post-effective amendment removing from registration such units, common shares and common shares underlying warrants. In this regard, we note the undertaking set forth in Item 512(a)(3) of Regulation S-K and on page 73 of your prior registration statement. In your response, please address (i) whether you have completed any sales of such units, common shares or common shares underlying warrants covered by your prior registration statement and (ii) any nexus between the offerings contemplated by your current registration statement and your prior registration statement.

We note that the offering period will be 60 days, which may be extended an additional 120 days by management. Please confirm that you will remove from registration by means of a post- effective amendment any of the securities being registered which remain unsold at the termination of the offering. See Item 512(a)(3) of Regulation S-K.