Sorry Kemo, here is what I read about 14 million. Hog and I had it figured out a while ago and maybe that figure was $9 million if all warrants and options were exercised.

This from the recent MD&A;

As of February 28, 2011, the Company had 104,143,614 issued and outstanding shares and 120,976,613 on a fully

diluted basis if in the money options and warrants are exercised. If the Company were to issue the additional

16,657,999 shares to reach the fully diluted amount, it would raise an additional $14,071,500. These prospective

funds comprise of $11,459,500 from 11,708,000 in the money stock options issued to employees, directors and

consultants and $2,612,000 from warrants to issue 4,949,999 shares.