Item 4.
The Reporting Persons acquired the Shares for investment
purposes. Depending on market conditions and other factors, the Reporting
Persons may acquire additional shares of the Issuers common stock as it deems
appropriate, whether in open market purchases, privately negotiated transactions
or otherwise. The Reporting Persons also reserve the right to dispose of some or
all of the shares in the open market, in privately negotiated transactions to
third parties or otherwise.
The Reporting Persons expect to evaluate on an ongoing basis
the investment in the Issuer, and may from time to time acquire additional or
dispose of shares of common stock (in each case, depending upon general
investment policies, market conditions and other factors) or formulate other
purposes, plans or proposals regarding The Issuer or the common stock held by
the Reporting Persons to the extent deemed advisable in light of general
investment policies, market conditions and other factors. Any such acquisitions
or dispositions may be made, subject to applicable law, in open market
transactions, privately negotiated transactions or, in the case of dispositions,
pursuant to a registration statement. The Reporting Persons may act
independently in evaluating and effecting any such transactions.
Except as set forth elsewhere in this Schedule 13D, none of the Reporting
Persons has any plans or proposals which relate to or would result in:
(a)
The acquisition by any person
of additional securities of the issuer, or the disposition of securities of the
issuer;
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(b)
An
extraordinary corporate transaction, such as a merger, reorganization or
liquidation, involving the issuer or any of its subsidiaries;
(c)
A sale or
transfer of a material amount of assets of the issuer or any of its
subsidiaries;
(d)
Any change in
the present board of directors or management of the issuer, including any plans
or proposals to change the number or term of directors or to fill any existing
vacancies on the board;
(e)
Any material
change in the present capitalization or dividend policy of the issuer;
(f)
Any other
material change in the issuer's business or corporate structure, including but
not limited to, if the issuer is a registered closed-end investment company, any
plans or proposals to make any changes in its investment policy for which a vote
is required by Section 13 of the Investment Company Act of 1940;
(g)
Changes in the
issuer's charter, bylaws or instruments corresponding thereto or other actions
which may impede the acquisition of control of the issuer by any person;
(h)
Causing a class
of securities of the issuer to be delisted from a national securities exchange
or to cease to be authorized to be quoted in an inter-dealer quotation system of
a registered national securities association;
(i)
A class of
equity securities of the issuer becoming eligible for termination of
registration pursuant to Section 12(g)(4) of the Act; or
(j)
Any action
similar to any of those enumerated above
Item 5.
Interest in
Securities of the Issuer
Mr. Bunka is a director and executive officer of the Issuer,
a director and executive officer of C.A.B. Financial Services Ltd, and a
director and executive officer 0743608 B.C. Ltd.
(a)
Christopher
Bunka has beneficial ownership of an aggregate of 2,589,000 shares of common
stock of the Issuer broken down as follows: (i) 650,000 shares of common stock
held directly by Mr. Bunka, (ii) 212,500 shares of common stock acquireable on
exercise of outstanding stock options within 60 days of the date hereof; (iii)
200,000 shares of common stock registered in the name of 0743608 B.C. Ltd., Mr.
Bunka beneficially owns all of the voting shares of 0743608 B.C. Ltd.; and (iv)
1,526,500 shares of common stock registered in the name of C.A.B. Financial
Service Ltd., Mr. Bunka beneficially owns all of the voting shares of C.A.B.
Financial Service Ltd.
(b)
See Item 5(a)
above
(c)
Mr. Bunka
received on October 22, 2009, from the Issuer, 100,000 stock options to buy
100,000 common shares at a price of $0.10 per share.
(d)
Not applicable
(e)
Not applicable
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