<ARTICLE> 5 <LEGEND> This schedule contains summary financial information extracted from the audited consolidated financial statements as at December 31, 1996 and the unaudited consolidated finanical statements as at September 30, 1997 and is qualified in its entirety by reference to such financial statements. All items are stated in Canadian dollars. </LEGEND> <PERIOD-TYPE> YEAR 9-MOS <FISCAL-YEAR-END> DEC-31-1996 DEC-31-1997 <PERIOD-END> DEC-31-1996 SEP-30-1997 <CASH> 14,518,863 12,941,964 <SECURITIES> 0 0 <RECEIVABLES> 196,325 144,316 <ALLOWANCES> 0 0 <INVENTORY> 0 0 <CURRENT-ASSETS> 13,154,012 14,787,738 <PP&E> 47,572 190,174 <DEPRECIATION> 133,879 365,242 <TOTAL-ASSETS> 14,719,342 17,735,477 <CURRENT-LIABILITIES> 199,291 23,962 <BONDS> 0 0 <PREFERRED-MANDATORY> 0 0 <PREFERRED> 0 0 <COMMON> 19,275,707 22,819,985 <OTHER-SE> (4,675,656) (5,108,470) <TOTAL-LIABILITY-AND-EQUITY> 14,719,342 17,735,477 <SALES> 222,501 500,267 <TOTAL-REVENUES> 580,715 807,385 <CGS> 52,300 98,589 <TOTAL-COSTS> 52,300 98,589 <OTHER-EXPENSES> 572,891 1,043,986 <LOSS-PROVISION> 0 0 <INTEREST-EXPENSE> 0 0 <INCOME-PRETAX> 0 0 <INCOME-TAX> 0 0 <INCOME-CONTINUING> (213,483) (335,190) <DISCONTINUED> 51,303 0 <EXTRAORDINARY> 0 (97,624) <CHANGES> 0 0 <NET-INCOME> (213,483) (432,814) <EPS-PRIMARY> (0.01) (0.015) <EPS-DILUTED> (0.01) (0.013)