CONVERTIBLE DEBENTURES AND DEFERRED FINANCING COSTS (Tables)
|
3 Months Ended |
Feb. 28, 2019 |
|---|
| Schedule of Derivative Liabilities at Fair Value [Table Text Block] |
The components of the embedded derivative as of February 28, 2019 are:
| |
|
|
Indexed |
|
|
|
|
| Financings giving rise to derivative financial instruments |
|
|
Shares |
|
|
Fair Value |
|
| Convertible Secured Debentures December 7, 2016 |
|
|
8,044,853 |
|
$ |
191,596 |
|
| Convertible Notes October 22, 2018 |
|
|
8,500,000 |
|
|
372,006 |
|
| |
|
|
16,544,853 |
|
$ |
563,602 |
|
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] |
| |
|
|
Three Months |
|
|
Three Months |
|
| |
|
|
Ended |
|
|
Ended |
|
| |
|
|
February 28, 2019 |
|
|
February 28, 2018 |
|
| Financings giving rise to derivative financial instruments and the income effects: |
|
|
|
|
|
|
|
| Convertible Secured Debentures December 7, 2016 |
|
$ |
236,150 |
|
$ |
1,391 |
|
| Convertible Notes October 22, 2018 |
|
$ |
159,280 |
|
|
- |
|
| |
|
$ |
395,430 |
|
$ |
1,391 |
|
|
| 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 |
|
|
February 28, 2019 |
|
|
November 30, 2018 |
|
| |
|
|
|
|
|
|
|
| Derivative financial instruments |
|
$ |
191,596 |
|
$ |
426,016 |
|
| Conversion price |
|
$ |
0.135 |
|
$ |
0.135 |
|
| Volatility |
|
|
66% |
|
|
91% |
|
| Remaining term (years) |
|
|
0.27 |
|
|
0.52 |
|
| Risk free rate |
|
|
2.45% |
|
|
2.52% |
|
| Convertible notes October 22, 2018 |
|
|
February 28, 2019 |
|
|
November 30, 2018 |
|
| |
|
|
|
|
|
|
|
| Derivative financial instruments |
|
$ |
372,006 |
|
$ |
531,285 |
|
| Conversion price |
|
$ |
0.15 |
|
$ |
0.15 |
|
| Volatility |
|
|
79% |
|
|
79% |
|
| Remaining term (years) |
|
|
1.13 |
|
|
1.38 |
|
| Risk free rate |
|
|
2.54% |
|
|
2.70% |
|
|
| Series B Convertible Secured Debentures December 7, 2016 [Member] |
|
| Schedule of Secured Convertible Debentures, Allocation of the Purchase [Table Text Block] |
| |
Secured convertible cotes |
|
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] |
| Proceeds |
$ |
1,275,000 |
|
| |
|
|
|
| Convertible notes |
$ |
(131,547 |
) |
| |
|
|
|
| Derivative liability-convertible promissory notes |
$ |
(619,364 |
) |
| |
|
|
|
| Additional paid in capital (equity warrants) |
$ |
(524,089 |
) |
|