As of December 31, 2011 and 2010, the Company had advances payable totaling $951,034 and $402,389 respectively, to Richard MacPherson, a director of the Company.  These advances bear interest at 9% per annum, have no fixed terms of repayment and are unsecured.  Accrued interest on these advances at December 31, 2011 and 2010 was $87,077 and $0, respectively.