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Capital Stock
 3 Months Ended
Dec. 31, 2015
Stockholders' Equity Note [Abstract]  
Capital Stock
Note 7 Capital Stock

 

Authorized

 

100,000,000 shares of common stock.

 

Equity Transactions

 

During the three months ended December 31, 2015, the Company issued 167,415 shares of common stock pursuant to the application of an incorrect conversion price for conversion notices received during the year ended September 30, 2015.

 

Common stock to be issued

 

Included in common stock to be issued at December 31, 2015 is an amount of $2,440,000 (September 30, 2015: $1,830,000) related to 1,000,000 (September 30, 2015: 750,000) shares of common stock issuable to a director and officer of the Company pursuant to the terms of an employment agreement with that director and officer (Note 10).

 

Included in common stock to be issued at December 31, 2015 is $125,060 relating to the exercise of 41,687 warrants at an exercise price of $3.00 per share.