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Note 3 Significant Accounting Policies: Financial Instruments (Policies)
3 Months Ended
Sep. 30, 2012
Policies  
Financial Instruments

FINANCIAL INSTRUMENTS

 

The Company accounted for the convertible debentures in accordance with ASC 480, Distinguishing Liabilities from Equity, as the conversion feature embedded in the convertible debentures could result in the note principal and related accrued interest being converted to a variable number of the Company’s common shares.