General form of registration statement for all companies including face-amount certificate companies

Statements of Cash Flows

v2.4.0.6
Statements of Cash Flows (USD $)
 12 Months Ended 93 Months Ended
Nov. 30, 2012
Nov. 30, 2011
Nov. 30, 2012
CASH FLOWS FROM OPERATING ACTIVITIES      
Net loss for the period $ (2,019,938) $ (901,558) $ (19,296,146)
Items not requiring an outlay of cash:      
Issue of shares for services 0 0 584,500
Stock based compensation for options and warrants (included in general and administration expenses) 929,365 0 6,485,771
Recovery of accounts payable (215,143) 0 (215,143)
Loss on cancellation of common stock 0 0 34,400
Amortization of plant and equipment 20,585 10,786 60,944
Amortization of debt discount 23,141 18,798 41,939
Amortization of deferred financing cost 10,916 24,244 35,160
Changes in non-cash working capital:      
Prepaid expenses and other receivables 100,504 (69,285) (7,200)
Deferred costs (32,500) 0 (32,500)
Accounts payable and accrued liabilities* (111,825) (253,806) 422,010
NET CASH USED IN OPERATING ACTIVITIES (1,294,895) (1,170,821) (11,886,265)
CASH FLOWS FROM INVESTING ACTIVITIES      
Acquisition of Plant and Equipment (147,219) 0 (205,992)
NET CASH USED IN INVESTING ACTIVITIES (147,219) 0 (205,992)
CASH FLOWS FROM FINANCING ACTIVITIES      
Net Proceeds from issuance of common shares 649,750 160,000 10,468,900
Proceeds from convertible debentures 910,000 878,328 1,788,328
Cancellation of common stock 0 0 (50,000)
Exercise of stock options 0 0 117,500
NET CASH PROVIDED BY FINANCING ACTIVITIES 1,559,750 1,038,328 12,324,728
NET INCREASE (DECREASE) IN CASH FOR THE YEAR 117,636 (132,493) 232,471
Cash, beginning of Year 114,835 247,328 0
CASH, END OF YEAR 232,471 114,835 232,471
SUPPLEMENTAL INFORMATION:      
INCOME TAXES PAID 0 0 0
INTEREST PAID $ 0 $ 0 $ 0