Stock Options
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Jul. 31, 2013
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Stock Options [Text Block] |
On June 18, 2013, the Company granted 500,000 stock options to Officers/Directors/Consultants of the Company with an exercise price of $0.10, vested immediately, expiring June 18, 2018. For the nine months ended July 31, 2013, the Company recorded a total of $21,279 (2012: $9,589) for stock based compensation expenses. The fair value of each option granted has been estimated as of the date of the grant using the Black-Scholes option pricing model with the following assumptions:
A summary of the stock options for the nine months ended July 31, 2013 is presented below:
The Company has the following options outstanding and exercisable:
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