Quarterly report pursuant to Section 13 or 15(d)

10. SUBSEQUENT EVENTS

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10. SUBSEQUENT EVENTS
 9 Months Ended
Sep. 30, 2013
Subsequent Events [Abstract]  
10. SUBSEQUENT EVENTS

On October 31, 2013, Edward Wilson resigned as a director of the Company. The resignation was not a result of any disagreement with management.

 

On November 7, 2013, the Board by unanimous written consent approved the following:

 

  1. A private placement to allow investment of up to $10,000,000 at $1.00 per share to accredited investors as  more particularly described in our Current Report on Form 8-K filed with the SEC on November 13, 2013; and

 

  2. Amendment to the Roen Ventures line of credit as more particularly described above, under “Line of Credit – Roen Ventures”.