Quarterly report pursuant to Section 13 or 15(d)

WARRANTS

v3.3.0.814
WARRANTS
9 Months Ended
Sep. 30, 2015
Warrants and Rights Note Disclosure [Abstract]  
Shareholders Equity And Share Based Payments Stock Warrant [Text Block]
10.
WARRANTS
 
The following is a continuity schedule of the Company's common share purchase warrants:
 
 
 
Number of Warrants
 
Weighted-Average Exercise Price ($)
 
Outstanding and exercisable, December 31, 2014 and 2013
 
 
-
 
 
-
 
Issued
 
 
18,049,075
 
 
1.35
 
Outstanding and exercisable, September 30, 2015
 
 
18,049,075
 
 
1.35
 
 
The following is a summary of common share purchase warrants outstanding as of September 30, 2015:
 
Exercise Price ($)
 
 
 
Number of Warrants
 
Expiry Date
 
1.40
 
Note 8(vi)
 
 
7,735,750
 
February 26, 2019
 
0.80
 
Note 8(vi)
 
 
773,575
 
February 26, 2019
 
1.40
 
Note 8(viii)
 
 
1,212,500
 
March 27, 2019
 
0.80
 
Note 8(viii)
 
 
121,250
 
March 27, 2019
 
1.40
 
Note 8(ix)
 
 
891,250
 
March 31, 2019
 
0.80
 
Note 8(ix)
 
 
89,125
 
March 31, 2019
 
1.40
 
Note 8(x)
 
 
3,115,000
 
April 21, 2019
 
0.80
 
Note 8(x)
 
 
311,500
 
April 21, 2019
 
1.40
 
Note 8(xi)
 
 
1,418,750
 
May 27, 2019
 
0.80
 
Note 8(xi)
 
 
141,875
 
May 27, 2019
 
1.40
 
Note 8(xii)
 
 
2,035,000
 
June 30, 2019
 
0.80
 
Note 8(xii)
 
 
203,500
 
June 30, 2019
 
 
 
 
 
 
18,049,075
 
 
 
 
In 2014 the Company repaid loans of $180,940 plus accrued interest of $12,138 owing to investors introduced by Pope and Co. As part of this transaction the Company committed and was obligated and will issue to these lenders warrants exercisable into 349,522 Exchangeable Shares at an exercise price of $0.23 per share. Subsequent to period end these warrants were issued pursuant to the prior commitment. (Note 13).