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 $)
 3 Months Ended 12 Months Ended 93 Months Ended 96 Months Ended
Feb. 28, 2013
Feb. 29, 2012
Nov. 30, 2012
Nov. 30, 2011
Nov. 30, 2012
Feb. 28, 2013
CASH FLOWS FROM OPERATING ACTIVITIES            
Net loss for the period $ (469,648) $ (252,431) $ (2,019,938) $ (901,558) $ (19,296,146) $ (19,765,794)
Items not requiring an outlay of cash:            
Issue of shares for services 0 0 0 0 584,500 584,500
Fair value of options and warrants (included in general and administration expenses) 38,183 213,440       6,523,954
Stock based compensation for options and warrants (included in general and administration expenses)     929,365 0 6,485,771  
Recovery of accounts payable 0 (215,143) (215,143) 0 (215,143) (215,143)
Loss on cancellation of common stock 0 0 0 0 34,400 34,400
Amortization of plant and equipment 8,214 2,284 20,585 10,786 60,944 69,158
Amortization of debt discount 3,968 9,026 23,141 18,798 41,939 45,907
Amortization of deferred financing cost 0 8,766 10,916 24,244 35,160 35,160
Changes in non-cash working capital:            
Prepaid expenses and other receivables (6,114) (22,306) 100,504 (69,285) (7,200) (13,314)
Deferred costs (20,000) 0 (32,500) 0 (32,500) (52,500)
Accounts payable and accrued liabilities* 64,339 (121,132) (111,825) (253,806) 422,010 486,349
NET CASH USED IN OPERATING ACTIVITIES (381,058) (377,496) (1,294,895) (1,170,821) (11,886,265) (12,267,323)
CASH FLOWS FROM INVESTING ACTIVITIES            
Acquisition of Plant and Equipment 0 (5,079) (147,219) 0 (205,992) (205,992)
NET CASH USED IN INVESTING ACTIVITIES 0 (5,079) (147,219) 0 (205,992) (205,992)
CASH FLOWS FROM FINANCING ACTIVITIES            
Net proceeds from issuance of common shares 0 0 649,750 160,000 10,468,900 10,468,900
Proceeds from convertible debentures 0 825,000 910,000 878,328 1,788,328 1,788,328
Cancellation of common stock 0 0 0 0 (50,000) (50,000)
Loan from non related party 200,000 0       200,000
Exercise of stock options 0 0 0 0 117,500 117,500
NET CASH PROVIDED BY FINANCING ACTIVITIES 200,000 825,000 1,559,750 1,038,328 12,324,728 12,524,728
NET INCREASE (DECREASE) IN CASH FOR THE PERIOD (181,058) 442,425 117,636 (132,493) 232,471 51,413
Cash, beginning of period 232,471 114,835 114,835 247,328 0 0
CASH, END OF PERIOD 51,413 557,260 232,471 114,835 232,471 51,413
SUPPLEMENTAL DISCLOSURE OF CASH FLOWS:            
INCOME TAXES PAID 0 0 0 0 0 0
INTEREST PAID $ 0 $ 0 $ 0 $ 0 $ 0 $ 0