Quarterly report pursuant to Section 13 or 15(d)

8. STOCK OPTIONS (Tables)

v2.4.1.9
8. STOCK OPTIONS (Tables)
9 Months Ended
Jan. 31, 2015
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, January 31, 2015     25,000,000     $ 0.19       4.67     $  
                                 
Exercisable, January 31, 2015     25,000,000     $ 0.19       4.67     $  
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