Quarterly report pursuant to Section 13 or 15(d)

SUBSEQUENT EVENTS

v3.7.0.1
SUBSEQUENT EVENTS
3 Months Ended
Feb. 28, 2017
SUBSEQUENT EVENTS [Text Block]
12.

SUBSEQUENT EVENT

a) In March 2017, the Company made a third share issuance to NEIP under the consulting agreement announced on June 20, 2016. The Company issued 503,251 common shares at a deemed price of $0.099 per share to satisfy the payment of $50,000 due on February 15, 2017. The shares are subject to a four-month hold period expiring on July 3, 2017. The issuance of shares to NEIP is the third of four such issuances to occur over the period ending May 15, 2017. Northeast Industrial Partners is controlled by Bryan Ganz, who was appointed to the board of directors of SDI after the consulting agreement was entered.

b) On March 28, 2017 the Company issued 1,150,000 stock options to the CEO of the Company at an exercise price of US $0.10 (CAD $0.13) and which expire on March 27, 2022.