Quarterly report pursuant to Section 13 or 15(d)

8. STOCK OPTIONS (Tables)

v2.4.1.9
8. STOCK OPTIONS (Tables)
6 Months Ended
Oct. 31, 2014
Equity [Abstract]  
Option activity
   

Options

outstanding

   

Weighted

Average

Exercise

Price

   

Weighted

average

remaining

contractual life

   

Aggregate

Intrinsic Value

 
Outstanding, April 30, 2014     -     $ -              
Granted     25,000,000       0.19              
Forfeited     -       -              
Exercised     -       -              
Outstanding, October 31, 2014     25,000,000     $ 0.19       4.92     $ -  
                                 
Exercisable, October 31, 2014     25,000,000     $ 0.19       4.92     $ -  
Assumptions used
     
Risk-free interest rate 2.00%  
Expected life of the options 5 years  
Expected volatility 148%  
Expected dividend yield 0%  
Option information

Number of

Options

 

Exercise

Price

     
25,000,000   $0.19
25,000,000