Annual report pursuant to Section 13 and 15(d)

STOCK PURCHASE WARRANTS (Tables)

v2.4.0.8
STOCK PURCHASE WARRANTS (Tables)
 12 Months Ended
Nov. 30, 2013
Schedule of Stockholders' Equity Note, Warrants or Rights Issued on January 4, 2012 [Table Text Block]
  Risk free rate   2.00%  
  Expected dividends   0%  
  Forfeiture rate   0%  
  Volatility   206.87%  
  Market price of Company’s common stock on date of grant of options $ 0.13  
  Compensation expense $ 100,148  
Schedule of Stockholders' Equity Note, Warrants or Rights Issued on August 09, 2012 [Table Text Block]
  Risk free rate   3.63%  
  Expected dividends   0%  
  Forfeiture rate   0%  
  Volatility   183.31%  
  Market price of Company’s common stock on date of grant of options $ 0.20  
  Compensation expense $ 75,013  
Schedule of Stockholders' Equity Note, Warrants or Rights Issued on October 3, 2012 [Table Text Block]
  Risk free rate   1.5%  
  Expected dividends   0%  
  Forfeiture rate   0%  
  Volatility   199.60%  
  Market price of Company’s common stock on date of grant of options $ 0.42  
  Compensation expense $ 28,911  
Schedule of Stockholders' Equity Note, Warrants or Rights, Activity [Table Text Block]
      Number of              
      Warrants     Exercise     Expiry  
      Granted     Prices     Date  
            $        
  Outstanding at November 30, 2011 and average exercise price   1,289,000     0.22        
  Granted in year 2012   800,000     0.13     1/4/2016  
  Granted in year 2012*   850,000     0.25     6/30/2014  
  Granted in year 2012   400,000     0.20     8/9/2016  
  Granted in year 2012   75,000     0.42     10/2/2015  
  Granted in year 2012*   905,000     0.13     1/4/2016  
  Exercised   -     -        
  Forfeited   -     -        
  Expired   -     -        
  Cancelled   -     -        
  Outstanding at November 30, 2012 and average exercise price   4,319,000     0.19        
  Granted in year 2013   100,000     0.47     1/30/2015  
  Granted in year 2013   50,000     0.47     3/14/2015  
  Granted in year 2013   100,000     0.47     4/12/2015  
  Granted in year 2013   75,000     0.47     5/14/2015  
  Granted in year 2013   898,645     0.38     8/27/2015  
  Exercised   -     -        
  Forfeited   -     -        
  Expired   -     -        
  Cancelled   -     -        
  Outstanding at November 30, 2013 and average exercise price   5,542,645     0.23        
               
  Exercisable at November 30, 2013   5,542,645     0.23  
  Exercisable at November 30, 2012   4,319,000     0.19  
Schedule of Stockholders' Equity Note, Warrants or Rights, Weighted Average Remaining Contractual Term, Outstanding and Exercisable [Table Text Block]
      2013     2012  
      (Years)     (Years)  
  Total outstanding warrants   1.6     2.8  
  Total exercisable warrants   1.6     2.8