SUBSEQUENT EVENTS |
6 Months Ended | ||
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May. 31, 2015 | |||
| SUBSEQUENT EVENTS [Text Block] |
a) In June, 2015, the Company received the approval from the TSX-Venture Exchange to allot 7,575,757 common stock in lieu of the subscription funds received for $2,500,000 in May, 2015 at a price of $0.33 (CAD $0.41) per share. The funds were released from escrow and are no longer considered restricted cash. b) In June, 2015, 105,600 warrants and 35,000 options were exercised for common stock for a total cash consideration for $23,775. |
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- Definition The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. No definition available.
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