Notes to Consolidated Financial Statements For the years ended June 30, 2010 and 2009 

## 21. Subsequent Events (continued) 

## b. Famehub Acquisition 

On September 13, 2010, the Company closed the Famehub Acquisition by purchasing 100% of Famehub shares for consideration of $1.5 million in cash and 14 million fully paid common shares of the Company. Subsequent to closing the transaction, total issued and outstanding share capital increased to 170,115,028. 

## c. Share capital 

Subsequent to the year ended June 30, 2010, the Company issued 125,000 fully paid and non-assessable common shares upon exercise of the stock options. Subsequent to the share issuance, total issued and outstanding share capital increased to 170,240,028. 

