CONVERTIBLE DEBENTURES, CONVERTIBLE NOTES AND DEFERRED FINANCING COSTS (Tables)
|
9 Months Ended |
Aug. 31, 2019 |
|---|
| Schedule of Derivative Liabilities at Fair Value [Table Text Block] |
| |
|
|
Indexed |
|
|
|
|
| |
Financings giving rise to derivative financial instruments |
|
Shares |
|
|
Fair Value |
|
| |
Convertible Notes October 22, 2018 |
|
8,500,000 |
|
$ |
214,200 |
|
| |
|
|
8,500,000 |
|
$ |
214,200 |
|
The components of the embedded derivative as of November 30, 2018 are:
| |
|
|
Indexed |
|
|
|
|
| |
Financings giving rise to derivative financial instruments |
|
Shares |
|
|
Fair Value |
|
| |
Convertible Secured Debentures December 7, 2016 |
|
8,044,853 |
|
$ |
426,016 |
|
| |
Convertible Notes October 22, 2018 |
|
8,500,000 |
|
|
531,285 |
|
| |
|
|
16,544,853 |
|
$ |
957,301 |
|
|
| Schedule of Derivative Instruments, Amounts reflected in Income [Table Text Block] |
| |
|
|
Nine Months |
|
|
Nine Months |
|
| |
|
|
Ended |
|
|
Ended |
|
| |
|
|
August 31, 2019 |
|
|
August 31, 2018 |
|
| |
Financings giving rise to derivative financial instruments and the income effects: |
|
|
|
|
|
|
| |
Convertible Secured Debentures December 7, 2016 |
$ |
425,020 |
|
$ |
(245,852) |
|
| |
Convertible Notes October 22, 2018 |
$ |
317,086 |
|
|
— |
|
| |
|
$ |
742,106 |
|
$ |
(245,852) |
|
|
| Schedule of Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Method Used [Table Text Block] |
| |
Convertible secured debentures, December 7, 2016 |
|
August 31, 2019 |
|
|
November 30, |
|
| |
|
|
|
|
|
2018 |
|
| |
|
|
|
|
|
|
|
| |
Derivative financial instruments |
$ |
- |
|
$ |
426,016 |
|
| |
Conversion price |
$ |
- |
|
$ |
0.135 |
|
| |
Volatility |
|
— |
|
|
91% |
|
| |
Remaining term (years) |
|
— |
|
|
0.52 |
|
| |
Risk free rate |
|
— |
|
|
2.52% |
|
| |
Convertible notes, October 22, 2018 |
|
August 31, 2019 |
|
|
November 30, |
|
| |
|
|
|
|
|
2018 |
|
| |
|
|
|
|
|
|
|
| |
Derivative financial instruments |
$ |
214,200 |
|
$ |
531,285 |
|
| |
Conversion price |
$ |
0.15 |
|
$ |
0.15 |
|
| |
Volatility |
|
65% |
|
|
79% |
|
| |
Remaining term (years) |
|
0.62 |
|
|
1.38 |
|
| |
Risk free rate |
|
1.76% |
|
|
2.70% |
|
|
| Series B Convertible Secured Debentures December 7, 2016 [Member] |
|
| Schedule of Secured Convertible Debentures, Allocation of the Purchase [Table Text Block] |
The following table reflects the allocation of the purchase on December 7, 2016:
| |
Secured convertible debentures |
|
Face Value |
|
| |
(CAD $1,399,000) |
$ |
1,041,835 |
|
| |
Proceeds |
|
1,041,835 |
|
| |
Embedded derivative |
|
(285,612 |
) |
| |
Carrying value |
$ |
756,223 |
|
|
| Secured Convertible Debentures October 22, 2018 [Member] |
|
| Schedule of Secured Convertible Debentures, Allocation of the Purchase [Table Text Block] |
The following table reflects the allocation of the purchase on October 22, 2018:
| |
Proceeds |
$ |
1,275,000 |
|
| |
|
|
|
|
| |
Convertible notes |
$ |
(131,547 |
) |
| |
|
|
|
|
| |
Derivative liability-convertible promissory notes |
$ |
(619,364 |
) |
| |
|
|
|
|
| |
Additional paid in capital (equity warrants) |
$ |
(524,089 |
) |
|