Annual report pursuant to Section 13 and 15(d)

STOCK PURCHASE OPTIONS AND WARRANTS

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STOCK PURCHASE OPTIONS AND WARRANTS
12 Months Ended
Nov. 30, 2018
STOCK PURCHASE OPTIONS AND WARRANTS [Text Block]
7. STOCK PURCHASE OPTIONS AND WARRANTS

 

  a) OPTIONS

The following table summarizes the options outstanding under the Stock Option Plan:

    Number of options  
    2018     2017  
             
Outstanding, beginning of year   4,866,667     4,625,000  
Granted   2,150,000     2,366,667  
Expired   -     (500,000 )
Exercised   -     -  
Forfeited   -     -  
Cancelled   (640,000 )   (1,625,000 )
Outstanding, end of year   6,376,667     4,866,667  
Exercisable, end of year   5,189,167     4,419,445  

 

Year 2018 Number of
Exercise price options
Expiry date per share 2018
May 8, 2019 CDN$ 0.35 ($0.26) 600,000
September 10, 2019 CDN$ 0.40 ($0.30) 550,000
October 19, 2020 CDN$ 0.38 ($0.29) 800,000
October 19, 2021 CDN$ 0.11 ($0.08) 350,000
March 22, 2022 CDN$ 0.13 ($0.10) 1,150,000
May 25, 2022 CDN$ 0.20 ($0.15) 680,000
August 16, 2022 CDN$ 0.20 ($0.15) 96,667
October 21, 2023 CDN$ 0.19 ($0.14) 650,000
April 12, 2025 CDN$ 0.21 ($0.16) 1,500,000
TOTAL 6,376,667
Weighted average exercise price:
Options outstanding at end of year CDN$ 0.22 ($0.18 )
Options granted during the year CDN$ 0.20 ($0.16 )
Options exercised during the year - -
Options expired during the year - -
Options cancelled during the year CDN$ 0.30 ($0.23 )

 

 

Year 2017

        Number of  
    Exercise price     options  
Expiry date   per share     2017  
May 8, 2019   CDN$ 0.35 ($0.32)     600,000  
September 10, 2019   CDN$ 0.40 ($0.36)     550,000  
October 19, 2020   CDN$ 0.38 ($0.29)     1,150,000  
October 19, 2021   CDN$ 0.11 ($0.08)     350,000  
March 22, 2022   CDN$ 0.13 ($0.10)     1,150,000  
May 25, 2022   CDN$ 0.20 ($0.15)     970,000  
August 16, 2022   CDN$ 0.21 ($0.16)     96,667  
TOTAL         4,866,667  
Weighted average exercise price:            
Options outstanding at end of year   CDN$ 0.24     ($0.19 )
Options granted during the year   CDN$ 0.15     ($0.13 )
Options exercised during the year   -     -  
Options expired during the year   CDN$ 0.35     ($0.31 )
Options cancelled during the year   CDN$ 0.37     ($0.32 )


The share options outstanding at the end of the year had a weighted average remaining contractual life as follows:

    2018     2017  
    (Years)     (Years)  
Total outstanding options   3.5     3.4  
Total exercisable options   2.0     2.7  

  

  b) WARRANTS

 

    Number of        
    Warrants     Exercise  
    Granted     Prices  
        $    
Outstanding at November 30, 2016 and average exercise price   2,484,650     0.16  
Granted   17,891,806     0.18  
Granted   572,354     0.15  
Expired   (7,650 )   0.25  
Outstanding at November 30, 2017 and average exercise price   20,941,160     0.18  
Granted   5,100,000     0.25  
Expired   -     -  
Outstanding at November 30, 2018 and average exercise price   26,041,160     0.19  
             
Exercisable at November 30, 2018   26,041,160     0.19  
Exercisable at November 30, 2017   20,941,160     0.18  


The warrants outstanding at the end of the year had a weighted average remaining contractual life as follows:

    2018     2017  
    (Years)     (Years)  
Total outstanding warrants   3.88     4.68  
Total exercisable warrants   3.88     4.68