CONVERTIBLE DEBENTURES AND DEFERRED FINANCING COSTS (Tables)
|
|
12 Months Ended |
Dec. 07, 2016 |
Nov. 30, 2017 |
| Schedule of Convertible Debt [Table Text Block] |
|
| |
Convertible debentures - face value |
$ |
1,398,342
|
|
| |
Proceeds |
$ |
(1,279,773
|
) |
| |
Deferred financing costs |
|
(190,876
|
) |
| |
Paid in capital (warrants) |
|
33,583
|
|
| |
Prepaid expenses |
|
16,681
|
|
| |
Accrued expenses |
|
21,793
|
|
| |
Convertible debentures |
|
1,398,592
|
|
|
| Schedule of Unsecured Convertible Debentures [Table Text Block] |
|
| |
|
|
Unsecured |
|
|
Deferred |
|
|
Unsecured |
|
| |
|
|
convertible |
|
|
financing |
|
|
convertible |
|
| |
|
|
|
|
|
|
|
|
debenture |
|
| |
|
|
debentures |
|
|
costs |
|
|
(Net) |
|
| |
|
|
$ |
|
|
$ |
|
|
$ |
|
| |
|
|
|
|
|
|
|
|
|
|
| |
Balance as of November 30, 2016 |
|
(1,153,540
|
) |
|
35,769
|
|
|
(1,117,771
|
) |
| |
Exchange for subordinate secured debentures |
|
1,015,026
|
|
|
-
|
|
|
1,015,026
|
|
| |
Amortization of deferred financing costs |
|
-
|
|
|
(35,769
|
) |
|
(35,769
|
) |
| |
Repayment of unsecured convertible debentures |
|
66,640
|
|
|
-
|
|
|
66,640
|
|
| |
Conversion of unsecured convertible debentures to equity |
|
39,159
|
|
|
-
|
|
|
39,159
|
|
| |
Foreign currency translation |
|
(7,642
|
) |
|
-
|
|
|
(7,642
|
) |
| |
Balance as of November 30, 2017 |
|
(40,357
|
) |
|
-
|
|
|
(40,357
|
) |
|
| Schedule of Derivative Liabilities at Fair Value [Table Text Block] |
|
| |
Financings giving rise to derivative financial instruments |
|
Indexed Shares |
|
|
Fair Value |
|
| |
Series B Convertible Secured Debentures December 7, 2016 |
|
8,044,853
|
|
$ |
539,860
|
|
| |
|
|
|
|
|
|
|
| |
|
|
8,044,853
|
|
$ |
539,860
|
|
|
| Schedule of Derivative Intruments, Amounts reflected in Income [Table Text Block] |
|
| |
|
|
|
Year ended |
|
| |
Financings giving rise to derivative financial instruments and the income effects: |
|
|
November 30, 2017 |
|
| |
Compound embedded derivatives: |
|
|
|
|
| |
Series B Convertible Secured Debentures |
|
|
|
|
| |
December 7, 2016 |
|
$ |
(285,612
|
) |
| |
Change in fair value of derivative liabilities |
|
|
(239,802
|
) |
| |
Foreign currency translation loss |
|
|
(14,446
|
) |
| |
|
|
$ |
(539,860
|
) |
|
| Schedule of Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Method Used [Table Text Block] |
|
| |
|
|
|
November 30, 2017 |
|
|
December 7, 2016 |
|
| |
|
|
|
|
|
|
|
|
| |
Derivative financial instruments |
|
$ |
539,860
|
|
$ |
285,612
|
|
| |
Conversion price |
|
$ |
0.13
|
|
$ |
0.24
|
|
| |
Volatility |
|
|
106%
|
|
|
82%
|
|
| |
Remaining term (years) |
|
|
1.52
|
|
|
2.50
|
|
| |
Risk free rate |
|
|
1.78%
|
|
|
1.10%
|
|
|
| Schedule of Derivative Instruments [Table Text Block] |
|
| |
Balances as of December 1, 2016 |
$ |
—
|
|
| |
Issuances |
|
889,050
|
|
| |
Changes in fair value |
|
(889,050
|
) |
| |
Balances as of November 30, 2017 |
$ |
Nil
|
|
|
| Series B Convertible Secured Debentures December 7, 2016 [Member] |
|
|
| Schedule of Secured Convertible Debentures, Allocation of the Purchase [Table Text Block] |
| |
Secured Convertible Notes |
|
|
Face Value |
|
| |
(CAD $1,399,000)
|
|
$ |
1,041,835
|
|
| |
Proceeds |
|
|
1,041,835
|
|
| |
Compound embedded derivative |
|
|
(285,612
|
) |
| |
Carrying value |
|
$ |
756,223
|
|
|
|
| $1,500,000 10% secured convertible debenture [Member] |
|
|
| Schedule of Secured Convertible Debentures, Allocation of the Purchase [Table Text Block] |
| |
Convertible debentures (Face value) |
$ |
1,500,000
|
|
| |
|
|
|
|
| |
Proceeds |
$ |
(1,396,842
|
) |
| |
Embedded conversion feature |
|
889,050
|
|
| |
Deferred financing costs |
|
(103,158
|
) |
| |
Convertible debentures |
|
610,950
|
|
|
|