UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549  FORM 10-Q/A Amendment No. 1  X. QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934  For the quarterly period ended March 31, 2012  . TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE EXCHANGE ACT  For the transition period from ______ to _______  Commission File Number: 000-30402  VOLITIONRX LIMITED [f10qa033112_10qz001.jpg] (Exact name of registrant as specified in its charter)  Delaware91-1949078(State of incorporation)(I.R.S. Employer Identification No.)  150 Orchard Road Orchard Plaza 08-02 Singapore 238841 (Address of principal executive offices) Telephone:  (201) 618-1750 (Registrants Telephone Number) Facsimile:  +65 6333 7235 (Registrants Facsimile Number)  Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes X. No .  Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files). (Not required)   Yes . No X.  Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of "large accelerated filer," "accelerated filer" and "smaller reporting company" in Rule 12b-2 of the Exchange Act.  Large accelerated filer.Accelerated filer.Non-accelerated filer. (Do not check if a smaller reporting company)Smaller reporting companyX.  Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes . No X.  As of May 14, 2012, there were 9,333,753 shares of the Registrants $0.001 par value common stock issued and outstanding.  1       EXPLANATORY NOTE  This Amendment No. 1 to our Quarterly Report on Form 10-Q originally filed on May 15, 2012 (the Original Filing), is being made to respond to certain comments received from the Staff of the Securities and Exchange Commission.  For convenience and ease of reference, the Company is filing this Form 10-Q in its entirety with all applicable changes and unless otherwise stated, all information contained in this amendment is as of May 15, 2012, the filing date of the Original Filing. Except as stated herein, this Amended Form 10-Q/A does not reflect events or transactions occurring after such filing date or modify or update those disclosures in the Original Filing that may have been affected by events or transactions occurring subsequent to such filing date.    2      VOLITIONRX LIMITED *  TABLE OF CONTENTS


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|PART I   | FINANCIAL INFORMATION                                                                 |     
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|ITEM 1.  | FINANCIAL STATEMENTS                                                                  | 4   
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|ITEM 2.  | MANAGEMENTS DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS | 14  
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|ITEM 3.  | QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK                            | 16  
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|ITEM 4.  | CONTROLS AND PROCEDURES                                                               | 17  
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|PART II  | OTHER INFORMATION                                                                     |     
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|ITEM 1.  | LEGAL PROCEEDINGS                                                                     | 18  
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|ITEM 1A. | RISK FACTORS                                                                          | 18  
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|ITEM 2.  | UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS                           | 18  
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|ITEM 3.  | DEFAULTS UPON SENIOR SECURITIES                                                       | 18  
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|ITEM 4.  | MINE SAFETY DISCLOSURES                                                               | 18  
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|ITEM 5.  | OTHER INFORMATION                                                                     | 19  
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|ITEM 6.  | EXHIBITS                                                                              | 19  

Special Note Regarding Forward-Looking Statements  Information included in this

Amended

Form

10-Q/A

 contains forward-looking statements. This information may involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of VolitionRX Limited  (the Company), to be materially different from future results, performance or achievements expressed or implied by any forward-looking statements. Forward-looking statements, which involve assumptions and describe future plans, strategies and expectations of the Company, are generally identifiable by use of the words may, will, should, expect, anticipate, estimate, believe, intend, or project or the negative of these words or other variations on these words or comparable terminology. These forward-looking statements are based on assumptions that may be incorrect, and there can be no assurance that these projections included in these forward-looking statements will come to pass. Actual results of the Company could differ materially from those expressed or implied by the forward-looking statements as a result of various factors. Except as required by applicable laws, the Company has no obligation to update publicly any forward-looking statements for any reason, even if new information becomes available or other events occur in the future.  *Please note that throughout this Quarterly Report, and unless otherwise noted, the words "we," "our," "us," the "Company," or "VNRX" refers to VolitionRX Limited.   3      PART I - FINANCIAL INFORMATION          VOLITIONRX LIMITED (A Development Stage Company) Condensed Consolidated Financial Statements For the Period Ended March 31, 2012 and December 31, 2011 (Unaudited)     IndexCondensed Consolidated Balance Sheets5Condensed Consolidated Statements of Operations6Condensed Consolidated Statements of Cash Flows7Condensed Consolidated Notes to the Financial Statements8     4      VOLITIONRX LIMITED (A Development Stage Company) Condensed Consolidated Balance Sheets (Expressed in US dollars) (unaudited)  March 31,
2012
$December 31,
2011
$ASSETSCash217,812347,892Accounts receivable15,672Prepaid expenses336,571320,833Other current assets34,33130,749Total Current Assets604,386699,474Property and equipment, net57,58922,969Intangible assets, net1,527,0131,522,811Total Assets2,188,9882,245,254LIABILITIESAccounts payable and accrued liabilities225,288255,519Related party payables351,333278,845Total Current Liabilities576,621534,364Grant repayable641,979621,935Total Liabilities1,218,6001,156,299STOCKHOLDERS EQUITYCommon Stock (Note 6)
Authorized: 200,000,000 shares, at $0.001 par value
Issued and outstanding: 8,645,652 common shares8,6468,646Additional paid-in capital4,785,5034,578,254Share subscriptions received479,250Other Comprehensive Income1,3124,638Deficit accumulated during the development stage(4,304,323)(3,502,583)Total Stockholders Equity970,3881,088,955Total Liabilities and Stockholders Equity2,188,9882,245,254   (The accompanying condensed consolidated notes are an integral part of these financial statements)  5     VOLITIONRX LIMITED (A Development Stage Company) Condensed Consolidated Statements of Operations (Expressed in US dollars) (unaudited)  For the three months ended
March 31,
2012
$For the three months ended
March 31,
2011
$For the period from
August 5, 2010
(Date of Inception) to March 31,
2012
$Revenue15,67215,672ExpensesGeneral and administrative44,91249,885355,529Professional fees72,17326,409872,561Salaries and office administrative fees197,65860,791908,172Research and development502,669198,0832,183,733Total Operating Expenses817,412335,1684,319,995Net Loss(801,740)(335,168)(4,304,323)Net Loss per Share  Basic and Diluted(0.09)(0.08)Weighted Average Shares Outstanding  Basic and Diluted8,645,6524,146,078                (The accompanying condensed consolidated notes are an integral part of these financial statements)  6     VOLITIONRX LIMITED (A Development Stage Company) Condensed Consolidated Statements of Cash Flows (Expressed in US dollars) (unaudited)  For the three
months ended
March 31,
2012For the three
months ended
March 31,
2011For the period from
August 5, 2010
(Date of Inception) to March 31,
2012$$$Operating ActivitiesNet loss(801,740)(335,168)(4,304,323)Adjustments to net loss relating to non-cash operating items:Depreciation and amortization32,97723,884172,696Warrants and options granted for services207,249614,285Common stock issued for services797,642Amortization of stock issued in advance of services17,50046,667Changes in operating assets and liabilities:Accounts receivable(15,672)(15,672)Prepaid expenses(32,740)(32,740)Other current assets(2,722)(30,250)(1,596)Accounts payable and accrued liabilities(35,839)(16,604)157,343Related party payables66,90819,869137,150Net Cash Used In Operating Activities(564,079)(338,269)(2,428,548)Investing ActivitiesPurchases of property and equipment(37,796)(72,661)Net Cash Used in Investing Activities(37,796)(72,661)Financing ActivitiesProceeds from issuance of common shares479,250230,0002,342,479Grants received676,346676,346Proceeds from note payable59,942Repayment of note payable  related party(58,594)(355,807)Cash acquired through reverse merger100Net Cash Provided By Financing Activities479,250847,7522,723,060Effect of foreign exchange on cash(7,455)8,164(4,039)Increase (Decrease) in Cash(130,080)517,647217,812Cash  Beginning of Period347,89247,482Cash  End of Period217,812565,129217,812Supplemental Disclosures of Cash Flow InformationInterest paidIncome tax paidNon Cash Financing Activities::Acquisition of subsidiary for Debt1,000,000Shares issuable for acquisition of intangible assets1,169,943  (The accompanying condensed consolidated notes are an integral part of these financial statements)  7     VOLITIONRX LIMITED (A Development Stage Company) Notes to the Condensed Consolidated Financial Statements March 31, 2012 and December 31, 2011 (Unaudited)  Note 1 - Condensed Financial Statements  The accompanying financial statements have been prepared by VolitionRX Limited (the Company) without audit.  In the opinion of management, all adjustments (which include only normal recurring adjustments) necessary to present fairly the financial position, results of operations, and cash flows at March 31, 2012, and for all periods presented herein, have been made.  Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America have been condensed or omitted.  It is suggested that these condensed financial statements be read in conjunction with the financial statements and notes thereto included in the Company's December 31, 2011 audited financial statements.  The results of operations for the periods ended March 31, 2012 and 2011 are not necessarily indicative of the operating results for the full years.  Note 2 - Going Concern  The Company's financial statements are prepared using generally accepted accounting principles in the United States of America applicable to a going concern which contemplates the realization of assets and liquidation of liabilities in the normal course of business. The Company has incurred losses since inception of $4,304,323 and currently has very limited revenues, which creates substantial doubt about its ability to continue as a going concern.  The future of the Company as an operating business will depend on its ability to obtain sufficient capital contributions and/or financing as may be required to sustain its operations. Management's plan to address this need includes, (a) continued exercise of tight cost controls to conserve cash, (b) receiving additional grant funds, and (c) obtaining additional financing through debt or equity financing.  The ability of the Company to continue as a going concern is dependent upon its ability to successfully accomplish the plans described in the preceding paragraph and eventually secure other sources of financing and attain profitable operations. The accompanying financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern. If the Company is unable to obtain adequate capital, it could be forced to cease operations.  Note 3 - Summary of Significant Accounting Policies  Use of Estimates  The preparation of financial statements in conformity with US generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. The Company also regularly evaluates estimates and assumptions related to deferred income tax asset valuation allowances. The Company bases its estimates and assumptions on current facts, historical experience and various other factors that it believes to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities and the accrual of costs and expenses that are not readily apparent from other sources. The actual results experienced by the Company may differ materially and adversely from the Companys estimates. To the extent there are material differences between the estimates and the actual results, future results of operations will be affected.  Principles of Consolidation  The accompanying consolidated financial statements for the period ended March 31, 2012 include the accounts of the Company and its wholly-owned subsidiaries, Singapore Volition Pte Ltd., Belgian Volition SA, and Hypergenomics Pte. Ltd.  All significant intercompany balances and transactions have been eliminated in consolidation.   8   VOLITIONRX LIMITED (A Development Stage Company) Notes to the Financial Statements March 31, 2012 and December 31, 2011 (Unaudited)    Note 3 - Summary of Significant Accounting Policies (Continued)  Recent Accounting Pronouncements  Management has considered all recent accounting pronouncements issued since the last audit of our consolidated financial statements. The Companys management believes that these recent pronouncements will not have a material effect on the Companys consolidated financial statements.  Note 4 - Acquisitions and Subsidiaries  On September 22, 2010, the Companys wholly owned subsidiary Singapore Volition Pte Ltd (Singapore) entered into a purchase agreement to acquire 100% of the outstanding shares of ValiBio SA from ValiRx Plc in exchange for $400,000 and issuance of common shares of the Company with a fair value of $600,000, issuable when Singapore became a publicly-listed company.  The agreement closed on October 11, 2010.  Subsequent to the completion of the purchase, Singapore changed the name of ValiBio SA to Belgian Volition SA. The purchase price was recorded as a related party note payable until it was converted into shares of common stock in December 2011.  The Company allocated the purchase price to the acquired assets and liabilities.  It was determined that the carrying value of these assets approximated their fair value at acquisition. The remaining purchase price was then allocated to the acquired intellectual property, namely patents.  Fair value of ValiBio SA net assets:$Cash and cash equivalents(68)Other current assets34,526Property and equipment1,887Intangible assets/patents1,218,297Accounts payable and other liabilities(254,642)Net assets on acquisition1,000,000Purchase price(1,000,000)Excess of fair value of net assets over purchase price  On March 7, 2011, Singapore formed Hypergenomics Pte Ltd. as a wholly-owned subsidiary which is a private company domiciled in Singapore. The purpose of the formation was to hold and develop a segment of the acquired patents.  On June 19, 2011, the Company amended its purchase agreement with Valirx Plc to include the purchase of additional patents in exchange for an additional $510,000 payable in shares of the common stock of Singapore Volition or a publicly-listed successor company. The purchase price was recorded as a related party note payable until it was converted into shares of common stock in December 2011.  On September 22, 2011, the Company filed a Certificate for Renewal and Revival of Charter with Secretary of State Delaware. Pursuant to Section 312(1) of the Delaware General Corporation Law, the Company was revived under the new name of VolitionRX Limited. The name change to VolitionRX Limited was approved by FINRA on October 7, 2011 and became effective on October 11, 2011.  On October 6, 2011, the Company entered into a share exchange agreement with Singapore Volition Pte Ltd., a Singapore corporation, and the shareholders of Singapore Volition. Pursuant to the terms of the share exchange agreement, the Company has acquired all the issued and outstanding shares of Singapore Volitions common stock in exchange for 6,908,652 shares of the Companys common stock. As a prior condition of this agreement, the Company arranged the cancellation of 1,073,000 common shares. Consequently the Company had 1,212,000 common shares issued and outstanding as of October 6, 2011 immediately prior to the closing of the share exchange agreement, and 8,120,652 shares issued and outstanding upon closing of the share exchange agreement.   9    VOLITIONRX LIMITED (A Development Stage Company) Notes to the Financial Statements March 31, 2012 and December 31, 2011 (Unaudited)    Note 4 - Acquisitions and Subsidiaries (Continued)  As of the closing date, the former shareholders of Singapore Volition Pte Ltd. held 85% of the issued and outstanding common shares of the Company. The issuance of the 6,908,652 common shares to the former shareholders of Singapore Volition Pte Ltd. was deemed to be a reverse acquisition for accounting purposes. Singapore Volition Pte Ltd., the acquired entity, is regarded as the predecessor entity as of October 6, 2011. The number of shares outstanding and per share amounts have been restated to recognize the recapitalization. All comparative financial data in these financial statements is that of Singapore Volition Pte Ltd.  Note 5 - Related Party Transactions  Related Party Payables  a) As at March 31, 2012, the Company owed $351,333 (2011 - $278,845) to directors and officers of the Company and to other related parties.  The amounts represent expenses paid on behalf of the Company, accrued officer salary, or amounts borrowed to help fund operations.  The amounts owing are unsecured, non-interest bearing, and due on demand.  b) The Company contracts with a related party to rent office space, be provided office support staff, and have consultancy services provided on behalf of the Company.  See Note 8 for obligation under the contract.  Note 6 - Common Stock  During the three month period ended March 31, 2012, the Company received $479,250 in respect of subscription agreements for 273,861 common shares at a price of $1.75 per share, as part of an ongoing private placement. The subscribers are also entitled to one warrant to purchase one common share at a price of $2.60 for every two shares subscribed for. The warrants are to expire on the fourth anniversary of the placement closing date. The placement closed and the common shares and warrants were issued effective May 11, 2012. Further details of the placement are set out in Note 9.  During the year ended December 31, 2011, the Company issued 1,859,073 shares of common stock, at prices ranging from $0.50 to $1.20 per share, for net cash proceeds of $1,595,906.  Attached to various share issuances totaling 370,000 shares were 300,000 warrants.  Each warrant is immediately exercisable for a period of five years at $0.50 per share.  The warrants were valued using the Black-Scholes Option Pricing model using the following assumptions:  Five-year term, $0.50-$1.00 stock price, $0.50 exercise price, 190% volatility, 1.45% - 2.00% risk free rate.  The Company has allocated $73,791 of the total $150,000 in proceeds to the value of the warrants.  During the year ended December 31, 2011, the Company issued 434,726 shares of common stock to consultants, employees and directors for services. The stock was valued at $362,484, at prices ranging from $0.50 to $1.00 per share.  Values were based on the most recent cash issuance prices relative to the grant date as this was determined to be the most readily determinable value in accordance with ASC  718 and ASC 505.  During the year ended December 31, 2011, the Company issued 350,000 shares of common stock to a related party in advance for services to be performed over a five year period to raise the profile of the Company through the development of relationships with medical organizations, cancer charities, government and other policy makers.  The shares were valued at $1.00 per share based on the most recent cash issuance price relative to the grant date as this was determined to be the most readily determinable value in accordance with ASC 718 and ASC 505.    10    VOLITIONRX LIMITED (A Development Stage Company) Notes to the Financial Statements March 31, 2012 and December 31, 2011 (Unaudited)    Note 6 - Common Stock (Continued)  The value of the shares was recorded as a prepaid expense that the Company will expense monthly as services are provided.  Because the shares are fully vested and non-forfeitable, the shares were valued based on the current market price on the grant date and will be amortized over the life of the agreement.  During the three month periods ended March 31, 2012 and 2011, $17,500 and $29,167 has been recorded to professional fees leaving a balance of $303,333 as of March 31, 2012.  On December 6, 2011, the Company issued 525,000 shares under the terms of its purchase agreement with ValiRx Plc as modified, to settle debts of $1,110,000 related to the acquisition of Belgian Volition SA and certain patents (see Note 4).  The Company issued an additional 119,886 shares of common stock to settle outstanding notes payable of $59,943.  The shares were valued at $0.50 per share based on the most recent cash issuance price relative to the grant date as this was determined to be the most readily determinable value in accordance with ASC  718 and ASC 505 and thus no gain or loss was recorded on the settlement of debt.  Note 7  Warrants and Options  During the year ended December 31, 2011, the Company issued 300,000 warrants attached to the issuance of 370,000 shares.  The Company has allocated $73,791 of the total $150,000 in proceeds to the value of the warrants. The warrants are exercisable immediately for five years at an exercise price of $0.50, and do not contain any anti-dilution provisions.  The Company also issued 450,000 warrants valued at $390,530 for services rendered to the Company. The warrants are exercisable immediately for five years at exercise prices of $0.50 and $1.05.  The Company has calculated the estimated fair market value of the warrants granted to employees and non-employees in exchange for services using the Black-Scholes Option Pricing model and the following assumptions: stock price at valuation, $0.50-$1.00; expected term of five years, exercise price of $0.50-$1.05, a risk free interest rate of 1.45%-2.24%, a dividend yield of 0% and volatility of 190%.  Below is a table summarizing the warrants issued and outstanding as of March 31, 2012.  DateNumberExerciseContractualExpirationValue ifIssuedOutstandingPriceLife (Years)DateExercised12/31/10-$---$-03/15/11200,0000.5053/15/2016100,00003/24/11100,0000.5053/24/201650,00004/01/11100,0000.5054/1/201650,00006/21/11100,0000.5056/21/201650,00007/13/11250,0001.05507/13/16262,50012/31/11750,0000.68--512,500  On November 17, 2011, the Company adopted and approved the 2011 Equity Incentive Plan for the directors, officers, employees and key consultants of the Company. Pursuant to the Plan, the Company is authorized to issue 900,000 restricted shares, $0.001 par value, of the Companys common stock. Options over 720,000 shares were granted on November 25, 2011. The options vest in equal six monthly installments over three years from the date of grant, and expire three years after the vesting dates. The exercise prices are $3 for options vesting in the first year, $4 for options vesting in the second year, and $5 for options vesting in the third year.    11    VOLITIONRX LIMITED (A Development Stage Company) Notes to the Financial Statements March 31, 2012 and December 31, 2011 (Unaudited)    Note 7  Warrants and Options (Continued)  The Company has calculated the estimated fair market value of the options granted to employees and non-employees in exchange for services using the Black-Scholes Option Pricing model and the following assumptions: stock price at valuation, $1.20; expected term of 3 years, exercise prices of $3.00-$5.00, a risk free interest rate of 0.41%-0.93%, a dividend yield of 0% and volatility of 174%.  Below is a table summarizing the options issued and outstanding as of March 31, 2012.  DateNumberExerciseContractualExpirationValue ifIssuedOutstandingPriceLife (Years)DateExercised12/31/10-$---$-11/25/11720,0003.00-5.0035/25/15-11/25/172,880,00012/31/11720,0004.00--2,880,000  Note 8  Commitments and Contingencies  a) Walloon Region Grant  On March 16, 2010, the Company entered into an agreement with the Walloon Region government in Belgium wherein the Walloon Region would fund up to a maximum of $1,399,736 (€1,048,020) to help fund the research endeavors of the Company.  The Walloon Region agreed to provide working capital of $559,894 (€419,280), which was received by the Company during January 2011. Additional funds have been provided for approved expenditures. The Company will be obligated to pay a minimum of $419,921 (€314,406) if the project is deemed to be a failure under the terms of the agreement.  If the project is deemed a success, the Company will pay both the minimum of $419,921 (€314,406) and a 6 percent royalty on all relevant sales. The maximum amount payable due to the Walloon Region is twice the amount of funding received.  b) Administrative Support Agreement  On August 6, 2010, the Company entered into an agreement with a related party to rent office space, contract for office support staff, and have consultancy services provided on behalf of the Company.  The agreement requires the Company to pay $5,700 per month for office space and staff services as well as approximately $17,300 per month in fees for two senior executives.  The Company is also required to pay for all reasonable expenses incurred.  The contract is in force for 12 months with automatic extensions of 12 months with a 3 month notice required for termination of the contract.  c) Leases  On January 31, 2011, the Company entered into a lease agreement to rent laboratory and office space at Namur in Belgium for a period of one year for approximately $1,039 (€778) per month. On February 1, 2012, this agreement was extended for an additional three months on the same terms. On January 26, 2012, the Company entered into a new lease agreement in respect of the foregoing laboratory space for $1,336 (€1,000) per month commencing April1, 2012, for a period of one year.  On February 29, 2012, the Company entered into a lease agreement for additional laboratory and office space at Namur for approximately $5,119 (€3,833) per month commencing April 1, 2012, for a period of two years. Under this agreement the Company is also obliged to pay $2,003 (€1,500) per month as a provisional amount against expenses.  d) Legal Proceedings  There are no legal proceedings which the Company believes will have a material adverse effect on its financial position.  12    VOLITIONRX LIMITED (A Development Stage Company) Notes to the Financial Statements March 31, 2012 and December 31, 2011 (Unaudited)    Note 9 - Subsequent Events  Effective May 11, 2012, the Company closed a private placement and issued the shares and warrants set out below. Under the placement the Company received a total $1,019,375 subscriptions before expenses for582,510common shares at a price of $1.75 per share. As set out in Note 6, $479,250 of the foregoing subscriptions in respect of 273,861 common shares were received during the three month period ended March 31, 2012. The remaining $540,125 subscriptions before expenses in respect of 308,649 common shares were received subsequent to March 31, 2012. In addition to the shares, each subscriber is also entitled to one warrant to purchase one common share at a price of $2.60 for every two shares subscribed for. The warrants are to expire on May 10, 2016. The Company has allocated $300,326 of the total $1,019,375 proceeds to the value of the warrants. Remuneration to an agent in respect of the placement amounted to $37,484 in fees and expenses and 26,685 warrants exercisable at a price of $1.75 per share and expiring May 10, 2015. In addition, as part of the same placement, directors, employees and consultants have converted $184,777 debt due for services on the same terms as the cash subscriptions above, for 105,591 common shares at a price of $1.75 per share, and 52,798 warrants exercisable at a price of $2.60 per share and expiring May 10, 2016.      13      ITEM 2.    MANAGEMENT'S DISCUSSION AND ANALYSIS OF PLAN OF OPERATION  This Managements Discussion and Analysis of Plan of Operation contains forward-looking statements.  These forward-looking statements are not historical facts but rather are based on current expectations, estimates and projections.  We may use words such as anticipate, expect, intend, plan, believe, foresee, estimate and variations of these words and similar expressions to identify forward-looking statements.  These statements are not guarantees of future performance and are subject to certain risks, uncertainties and other factors, some of which are beyond our control, are difficult to predict and could cause actual results to differ materially from those expressed or forecasted.  You should read this report completely and with the understanding that actual future results may be materially different from what we expect.  The forward-looking statements included in this report are made as of the date of this report and should be evaluated with consideration of any changes occurring after the date of this Report.  We will not update forward-looking statements even though our situation may change in the future and we assume no obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise.  Liquidity and Capital Resources  As of March 31, 2012, the Company had cash of $217,812 and non-cash prepaid expenses of $303,333, and other prepaid expenses of $33,238 and current assets of $34,331.  The Company had current liabilities of $576,621.  This represents a working capital deficit, excluding non-cash prepayments of $303,333, of $275,568. During the three month period ended March 31, 2012, the Company received in cash subscriptions for 273,861 new shares at a price of $1.75 per share totaling $479,250 before expenses, in connection with a private placement that was ongoing. Subsequent to March 31, 2012, the Company has additionally received in cash subscriptions for 308,649 new shares totaling $540,125 before expenses Furthermore, as part of the same placement, consultants, employees and directors have agreed to convert $184,777 due for services into common shares on the same terms as the foregoing cash subscriptions. The placement closed on May 11, 2012, and cash expenses of the offering not already accounted for at March 31, 2012 amounted to $22,484. The Company has therefore received additional working capital net of expenses from the placement of $702,418 subsequent to March 31, 2012. Nevertheless, as of the date of filing this report, the Companys cash reserves are only adequate to fund operations for a limited period of time.  We intend to use our cash reserves to fund further research and development activities.  As well as the additional funding described in the preceding paragraph, we expect to receive a certain amount of additional grant funds over the period to May 31, 2012, but this is not assured and otherwise we do not currently have any significant source of revenues and expect to rely on further financing.   There is no assurance that we will be successful in raising further funds.  In the event that further financing is delayed, the Company will prioritize the maintenance of its research and development personnel and facilities, primarily in Belgium, and the maintenance of its patent rights. However the development of the current pipeline of intended products for the RUO market would be delayed, as would clinical validation studies and regulatory approval processes for the purpose of bringing products to the IVD market. In the event of an ongoing lack of financing, we may be obliged to discontinue operations, which will adversely affect the value of our common stock.  Overview of Operations  Management has identified the specific processes and resources required to achieve the near term objectives of the business plan, including personnel, facilities, equipment, research and testing materials including antibodies and clinical samples, and the protection of intellectual property. Some of these resources have been acquired and others are dependent upon obtaining additional financing. To date, operations have proceeded satisfactorily in relation to the business plan. However it is possible that some resources will not readily become available in a suitable form or on a timely basis or at an acceptable cost. It is also possible that the results of some processes may not be as expected and that modifications of procedures and materials may be required. Such events could result in delays to the achievement of the near term objectives of the business plan, in particular the development of our intended products for the RUO market and the progression of clinical validation studies and regulatory approval processes for the purpose of bringing products to the IVD market. However, at this point, the most significant risk to the Company is that it will not succeed in obtaining additional financing in the short to medium term.  14      Results of Operations  Three Months Ended March 31, 2012  The following table sets forth the Companys results of operations for the three months ended on March 31, 2012 and the comparative period of three months ended March 31, 2011.


|                                                             |  |                                   |  |                                   |  |                     |  |                                
|------------------------------------------------------------ |  | --------------------------------- |  | --------------------------------- |  | ------------------- |  | -------------------------------
|                                                             |  | Three months ended
March 31, 2012 |  | Three months ended
March 31, 2011 |  | Increase/(Decrease) |  | Percentage Increase/
(Decrease)
|                                                             |  | ($)                               |  | ($)                               |  | ($)                 |  | (%)                            
|Revenues                                                     |  | 15,672                            |  | -                                 |  | 15,672              |  | -                              
|Operating Expenses                                           |  | (817,412)                         |  | (335,168)                         |  | (482,244)           |  | 144%                           
|Other Income (Expenses)                                      |  | -                                 |  | -                                 |  | -                   |  | -                              
|Income Taxes                                                 |  | -                                 |  | -                                 |  | -                   |  | -                              
|Net Loss                                                     |  | (801,740)                         |  | (335,168)                         |  | (466,572)           |  | 139%                           
|                                                             |  |                                   |  |                                   |  |                     |  |                                
|Basic and Diluted Loss Per Common Shares                     |  | (0.09)                            |  | (0.08)                            |  | (0.01)              |  | 13%                            
|                                                             |  |                                   |  |                                   |  |                     |  |                                
|Weighted Average Basic and Diluted Common Shares Outstanding |  | 8,645,652                         |  | 4,146,078                         |  | 4,499,574           |  | 109%                           

Revenues  The Company had revenues of $15,672 from operations in the three months ended March 31, 2012, compared to revenues of Nil over the comparative period of three months ended March 31, 2011. The Companys operations are in the development stage.  Operating Expenses  For the three months ended March 31, 2012, the Companys operating expenses increased by $482,244, or 144%. Operating expenses are comprised of salaries and office administrative fees, research and development expenses, professional fees, and other general and administrative expenses.  Salaries and office administrative fees increased by $136,867 due to the first time payment of fees to certain directors following listing, and the amortization of options granted in November 2011 to certain key management under the 2011 Equity Incentive Plan.  Research and development expenses increased by $304,586 due to increased R&D activity. Professional fees increased by $45,764 due to additional fees for corporate services related to becoming a listed company. General and administrative expenses decreased by $4,973, due to reduced travel and management support costs.  Net Loss  For the three months ended March 31, 2012, our net loss was $801,740, an increase of $466,572 or 139% over the comparative period of three months ended March 31, 2011. The change is a result of the changes described above.  Going Concern  We have not attained profitable operations and are dependent upon obtaining financing to pursue any extensive activities.  For these reasons, our auditors stated in their report on our audited financial statements that they have substantial doubt that we will be able to continue as a going concern without further financing.  Off-Balance Sheet Arrangements  We have no significant off-balance sheet arrangements that have or are reasonably likely to have a current or future effect on our financial condition, changes in financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital resources that are material to stockholders.  15      Future Financings  We will continue to rely on equity sales of our common shares in order to continue to fund our business operations.  Issuances of additional shares will result in dilution to existing stockholders.  There is no assurance that we will achieve any additional sales of the equity securities or arrange for debt or other financing to fund our operations and other activities.  Critical Accounting Policies  Our financial statements and accompanying notes have been prepared in accordance with United States generally accepted accounting principles applied on a consistent basis.  The preparation of financial statements in conformity with U.S. generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting periods.  We regularly evaluate the accounting policies and estimates that we use to prepare our financial statements.  A complete summary of these policies is included in the notes to our financial statements.  In general, management's estimates are based on historical experience, on information from third party professionals, and on various other assumptions that are believed to be reasonable under the facts and circumstances.  Actual results could differ from those estimates made by management.  Contractual Obligations  We are a smaller reporting company as defined by Rule 12b-2 of the Securities Exchange Act of 1934 and are not required to provide the information under this item.  Recently Issued Accounting Pronouncements  In September 2011, the FASB issued ASU 2011-08 to amend and simplify tests for goodwill impairment by permitting an entity to first assess qualitative factors to determine whether it is more likely than not that the fair value of a reporting unit is less than its carrying amount as a basis for determining whether it is necessary to perform a two-step goodwill impairment test. The amendments in ASU 2011-08 are effective for annual and interim goodwill impairment tests performed for fiscal years beginning after December 15, 2011. Adoption of this new guidance is not expected to have a material impact on the Companys financial statements.  In May 2011, the FASB issued ASU 2011-04 to amend the wording used to describe many of the requirements in U.S. GAAP for measuring fair value and for disclosing information about fair value measurement to (1) clarify the application of existing fair value measurement requirements and (2) change a particular principle or requirement for measuring fair value or for disclosing information about fair value measurements. The primary purpose of the amendments is to achieve common fair value measurement and disclosure requirements in U.S. GAAP and IFRSs. The amendments in ASU 2011-04 are to be applied prospectively for interim and annual periods beginning after December 15, 2011. Adoption of this new guidance is not expected to have a material impact on the Companys financial statements.  The Company has implemented all new accounting pronouncements that are in effect.  These pronouncements did not have any material impact on the financial statements unless otherwise disclosed, and the Company does not believe that there are any other new accounting pronouncements that have been issued that might have a material impact on its financial position or results of operations.  ITEM 3.  QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK  We are a smaller reporting company as defined by Rule 12b-2 of the Securities Exchange Act of 1934 and are not required to provide the information under this item.     16      ITEM 4. CONTROLS AND PROCEDURES  Evaluation of Disclosure Controls and Procedures  Disclosure controls and procedures are controls and procedures that are designed to ensure that information required to be disclosed in our reports filed under the Exchange Act is recorded, processed, summarized and reported, within the time periods specified in the SEC's rules and forms. Disclosure controls and procedures include, without limitation, controls and procedures designed to ensure that information required to be disclosed by our company in the reports that it files or submits under the Exchange Act is accumulated and communicated to our management, including its principal executive and principal financial officers, or persons performing similar functions, as appropriate to allow timely decisions regarding required disclosure. Our management carried out an evaluation under the supervision and with the participation of our Principal Executive Officer and Principal Financial Officer, of the effectiveness of the design and operation of our disclosure controls and procedures pursuant to Rules 13a-15(e) and 15d-15(e) under the Securities Exchange Act of 1934 ("Exchange Act"). Based upon that evaluation, our Principal Executive Officer and Principal Financial Officer have concluded that our disclosure controls and procedures were not effective as of March 31, 2012, due to the material weaknesses resulting from no member of our Board of Directors qualifying as an audit committee financial expert as defined in Item 407(d)(5)(ii) of Regulation S-K, and controls were not designed and in place to ensure that all disclosures required were originally addressed in our financial statements. Please refer to our Transition Report for the period from September 1, 2011 to December 31, 2011 on Form 10-KT as filed with the SEC on April 16, 2012, for a complete discussion relating to the foregoing evaluation of Disclosures and Procedures.  Changes in Internal Control over Financial Reporting  Our management has also evaluated our internal control over financial reporting, and there have been no significant changes in our internal controls or in other factors that could significantly affect those controls subsequent to the date of our last evaluation.  The Company is not required by current SEC rules to include, and does not include, an auditor's attestation report. The Company's registered public accounting firm has not attested to Management's reports on the Company's internal control over financial reporting.    17      PART II - OTHER INFORMATION  ITEM 1. LEGAL PROCEEDINGS  We know of no material, existing or pending legal proceedings against our company, nor are we involved as a plaintiff in any material proceeding or pending litigation. There are no proceedings in which our director, officer or any affiliates, or any registered or beneficial shareholder, is an adverse party or has a material interest adverse to our interest.  ITEM 1A. RISK FACTORS  We are a smaller reporting company as defined by Rule 12b-2 of the Securities Exchange Act of 1934 and are not required to provide the information under this item.  ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS  1. Quarterly Issuances:  During the quarter, we did not issue any unregistered securities other than as previously disclosed.  2. Subsequent Issuances:  On or about May 25, 2012, the Company issued 582,510 restricted shares of the Companys common stock pursuant to the closing of a private placement.  Under the placement, the Company received a total of $1,019,375 in subscriptions before expenses for 582,510 common shares at a price of $1.75 per share. In addition to the shares, each subscriber is also entitled to one warrant to purchase one common share at a price of $2.60 for every two shares subscribed for. The warrants are to expire on May 10, 2016. In addition, as part of the same placement, directors, employees and consultants have converted $184,777 debt due for services on the same terms as the cash subscriptions above, for 105,591 common shares at a price of $1.75 per share, and 52,798 warrants exercisable at a price of $2.60 per share and expiring May 10, 2016.   The 105,591 shares were issued on or about May 25, 2012.  ITEM 3. DEFAULTS UPON SENIOR SECURITIES  None.  ITEM 4. MINE SAFETY DISCLOSURES  Not Applicable.  18      ITEM 5. OTHER INFORMATION  None.  ITEM 6. EXHIBITS


|        |                                                                                                                                                                     |                                                                                             
|------- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------- | --------------------------------------------------------------------------------------------
|        |                                                                                                                                                                     |                                                                                             
|Exhibit |                                                                                                                                                                     |                                                                                             
|Number  | Description of Exhibit                                                                                                                                              | Filing                                                                                      
|3.01    | Certificate of Incorporation                                                                                                                                        | Filed with the SEC on December 6, 1999 as part of our Registration Statement on Form 10-SB. 
|3.01(a) | Amendment to Certificate of Incorporation                                                                                                                           | Filed with the SEC on November 10, 2005 as part of our Registration Statement on Form SB-2. 
|3.01(b) | Certificate for Renewal and Revival of Charter                                                                                                                      | Filed with the SEC on January 11, 2012 as part of our Amended Current Report on Form 8-K/A. 
|3.02    | Bylaws                                                                                                                                                              | Filed with the SEC on December 6, 1999 as part of our Registration Statement on Form 10-SB. 
|4.01    | 2011 Equity Incentive Plan dated November 17, 2011                                                                                                                  | Filed with the SEC on November 18, 2011 as part of our Current Report on Form 8-K.          
|4.02    | Sample Stock Option Agreement                                                                                                                                       | Filed with the SEC on November 18, 2011 as part of our Current Report on Form 8-K.          
|4.03    | Sample Stock Award Agreement for Restricted Stock                                                                                                                   | Filed with the SEC on November 18, 2011 as part of our Current Report on Form 8-K.          
|10.01   | Patent License Agreement by and between Cronos Therapeutics Limited and Imperial College Innovations Limited dated October 19, 2005                                 | Filed with the SEC on February 24, 2012 as part of our Amended Current Report on Form 8-K/A.
|10.02   | Amended Patent License Agreement by and between Cronos Therapeutics Limited and Imperial College Innovations Limited dated July 31, 2006                            | Filed with the SEC on January 11, 2012 as part of our Amended Current Report on Form 8-K/A. 
|10.03   | Extension Letter Agreement by and between Cronos Therapeutics Limited and Imperial College Innovations Limited dated September 4, 2006                              | Filed with the SEC on January 11, 2012 as part of our Amended Current Report on Form 8-K/A. 
|10.04   | Patent License Agreement by and between ValiRX PLC and Chroma Therapeutics Limited dated October 3, 2007                                                            | Filed with the SEC on January 11, 2012 as part of our Amended Current Report on Form 8-K/A. 
|10.05   | Contract Repayable Grant Advance on the Diagnosis of Colorectal Cancer by NucleosomicsTM by and between ValiBio SA and The Walloon Region dated December 17, 2009 | Filed with the SEC on February 24, 2012 as part of our Amended Current Report on Form 8-K/A.
|10.06   | Non-Exploitation and Third Party Patent License Agreement by and among ValiBio SA, ValiRX PLC and The Walloon Region dated December 17, 2009                        | Filed with the SEC on February 24, 2012 as part of our Amended Current Report on Form 8-K/A.
|10.07   | Agreement by and between Singapore Volition and PB Commodities Pte Limited dated August 6, 2010                                                                     | Filed with the SEC on January 11, 2012 as part of our Amended Current Report on Form 8-K/A. 
|10.08   | Employment Agreement by and between PB Commodities Pte Ltd and Cameron Reynolds dated September 4, 2010                                                             | Filed with the SEC on February 24, 2012 as part of our Amended Current Report on Form 8-K/A.
|10.09   | Employment Agreement by and between PB Commodities Pte Ltd and Rodney Rootsaert dated September 4, 2010                                                             | Filed with the SEC on February 24, 2012 as part of our Amended Current Report on Form 8-K/A.
|10.10   | Share Purchase Agreement by and between Singapore Volition and ValiRX PLC dated September 22, 2010                                                                  | Filed with the SEC on February 24, 2012 as part of our Amended Current Report on Form 8-K/A.
|10.11   | Deed of Novation by and among Singapore Volition Pte Limited, ValiRX PLC, ValiBio SA and Chroma Therapeutics Limited dated September 22, 2010                       | Filed with the SEC on February 24, 2012 as part of our Amended Current Report on Form 8-K/A.
|10.12   | Letter of Appointment as Non-Executive Director by and between Singapore Volition Pte Limited and Satu Vainikka dated September 22, 2010                            | Filed with the SEC on January 11, 2012 as part of our Amended Current Report on Form 8-K/A. 
|10.13   | Letter of Appointment as Non-Executive Director by and between Singapore Volition Pte Limited and Guy Archibald Innes dated September 23, 2010                      | Filed with the SEC on January 11, 2012 as part of our Amended Current Report on Form 8-K/A. 
|10.14   | Employment Agreement by and between Singapore Volition and Dr. George S. Morris dated September 29, 2010                                                            | Filed with the SEC on February 24, 2012 as part of our Amended Current Report on Form 8-K/A.
|10.15   | Consultancy Agreement by and between PB Commodities Pte Ltd and Kendall Life Sciences Consultants Ltd dated October 4, 2010                                         | Filed with the SEC on February 24, 2012 as part of our Amended Current Report on Form 8-K/A.

19


|         |                                                                                                                                         |                                                                                             
|-------- | --------------------------------------------------------------------------------------------------------------------------------------- | --------------------------------------------------------------------------------------------
|10.16    | Patent License Agreement by and between Singapore Volition and Belgian Volition dated November 2, 2010                                  | Filed with the SEC on January 11, 2012 as part of our Amended Current Report on Form 8-K/A. 
|10.17    | Letter of Appointment as Non-Executive Director by and between Singapore Volition Pte Limited and Dr. Alan Colman dated May 25, 2011    | Filed with the SEC on January 11, 2012 as part of our Amended Current Report on Form 8-K/A. 
|10.18    | License Agreement by and between Singapore Volition and the European Molecular Biology Laboratory dated June 6, 2011                    | Filed with the SEC on January 11, 2012 as part of our Amended Current Report on Form 8-K/A. 
|10.19    | Supplementary Agreement to the Share Purchase Agreement by and between Singapore Volition and ValiRX PLC dated June 9, 2011             | Filed with the SEC on January 11, 2012 as part of our Amended Current Report on Form 8-K/A. 
|10.20    | Deed of Novation by and among Imperial College Innovations Limited, Valipharma Limited and Hypergenomics Pte Limited dated June 9, 2011 | Filed with the SEC on January 11, 2012 as part of our Amended Current Report on Form 8-K/A. 
|10.21    | Patent License Agreement by and between Hypergenomics Pte Limited and Valipharma Limited dated June 9, 2011                             | Filed with the SEC on January 11, 2012 as part of our Amended Current Report on Form 8-K/A. 
|10.22    | Consultancy Agreement by and between Singapore Volition Pte Limited and Malcolm Lewin dated July 10, 2011                               | Filed with the SEC on January 11, 2012 as part of our Amended Current Report on Form 8-K/A. 
|10.23    | Letter of Appointment as Executive Chairman by and between Singapore Volition and Dr. Martin Faulkes dated July 13, 2011                | Filed with the SEC on January 11, 2012 as part of our Amended Current Report on Form 8-K/A. 
|10.24    | Service Agreement by and between Singapore Volition and Volition Research Limited dated August 10, 2011                                 | Filed with the SEC on January 11, 2012 as part of our Amended Current Report on Form 8-K/A. 
|10.25    | Settlement Agreement by and between Singapore Volition and Volition Research Limited dated August 11, 2011                              | Filed with the SEC on January 11, 2012 as part of our Amended Current Report on Form 8-K/A. 
|10.26    | Share Exchange Agreement by and between the Company and Singapore Volition Pte Limited dated September 26, 2011                         | Filed with the SEC on September 29, 2011 as part of our Current Report on Form 8-K.         
|10.27    | Agreement, Consent and Waiver by and between Standard Capital Corporation and its Shareholders dated September 27, 2011                 | Filed with the SEC on April 5, 2012 as part of our Amended Current Report on Form 8-K/A.    
|10.28    | Agreement by and between Hypergenomics Pte Limited and PB Commodities Pte Ltd dated October 1, 2011                                     | Filed with the SEC on February 24, 2012 as part of our Amended Current Report on Form 8-K/A.
|14.01    | Code of Ethics                                                                                                                          | Filed with the SEC on November 10, 2005 as part of our Registration Statement on Form SB-2. 
|16.01    | Letter from Madsen & Associates, CPA's Inc. dated November 29, 2011                                                                     | Filed with the SEC on November 30, 2011 as part of our Current Report on Form 8-K.          
|21.01    | List of Subsidiaries                                                                                                                    | Filed with the SEC on October 13, 2011 as part of our Current Report on Form 8-K.           
|31.01    | Certification of Principal Executive Officer Pursuant to Rule 13a-14                                                                    | Filed herewith.                                                                             
|31.02    | Certification of Principal Financial Officer Pursuant to Rule 13a-14                                                                    | Filed herewith.                                                                             
|32.01    | CEO Certification Pursuant to Section 906 of the Sarbanes-Oxley Act                                                                     | Filed herewith.                                                                             
|32.02    | CFO Certification Pursuant to Section 906 of the Sarbanes-Oxley Act                                                                     | Filed herewith.                                                                             
|101.INS* | XBRL Instance Document                                                                                                                  | Filed

with the SEC on May 15, 2012 as part of our Quarterly Report on Form 10-Q.           
|101.SCH* | XBRL Taxonomy Extension Schema Document                                                                                                 | Filed with the SEC on May 15, 2012 as part of our Quarterly Report on Form 10-Q.            
|101.CAL* | XBRL Taxonomy Extension Calculation Linkbase Document                                                                                   | Filed with the SEC on May 15, 2012 as part of our Quarterly Report on Form 10-Q.            
|101.LAB* | XBRL Taxonomy Extension Labels Linkbase Document                                                                                        | Filed with the SEC on May 15, 2012 as part of our Quarterly Report on Form 10-Q.            
|101.PRE* | XBRL Taxonomy Extension Presentation Linkbase Document                                                                                  | Filed with the SEC on May 15, 2012 as part of our Quarterly Report on Form 10-Q.            
|101.DEF* | XBRL Taxonomy Extension Definition Linkbase Document                                                                                    | Filed with the SEC on May 15, 2012 as part of our Quarterly Report on Form 10-Q.            

*Pursuant to Regulation S-T, this interactive data file is deemed not filed or part of a registration statement or prospectus for purposes of Sections 11 or 12 of the Securities Act of 1933, is deemed not filed for purposes of Section 18 of the Securities Exchange Act of 1934, and otherwise is not subject to liability under these sections.   20      SIGNATURES  Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the Company caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.  VOLITIONRX LIMITED   Dated:  

June 11, 2012 /s/ Cameron Reynolds By: Cameron Reynolds Its: President, Principal Executive Officer and Director   Dated:  

June 11, 2012 /s/ Malcolm Lewin By: Malcolm Lewin Its: Principal Financial Officer, Principal Accounting Officer, & Treasurer    Pursuant to the requirement of the Securities Exchange Act of 1934, this report has been signed below by the following persons on behalf of the Company and in the capacities and on the dates indicated:   Dated:  

June 11, 2012 /s/ Cameron Reynolds Cameron Reynolds - President, CEO & Director   Dated:  

June 11, 2012 /s/ Dr. Martin Faulkes Dr. Martin Faulkes - Director   Dated:  

June 11, 2012 /s/ Dr. Satu Vainikka Dr. Satu Vainikka - Director   Dated:  

June 11, 2012 /s/ Guy Archibald Innes Guy Archibald Innes - Director   Dated:  

June 11, 2012 /s/ Dr. Alan Colman Dr. Alan Colman  Director   Dated:  

 June 11, 2012 /s/ Rodney Gerard Rootsaert Rodney Gerard Rootsaert - Secretary   21