Schedule of Stockholders Equity [Table Text Block] |
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September 30, 2017 | | March 31, 2017 | | | | Number of shares | | $ | | Number of shares | | $ | | Exchangeable Shares: | | | | | | | | | | | | | | Balance beginning of period/year | | | 47,909,336 | | | 47,910 | | | 50,000,000 | | | 50,000 | | Converted into common shares | | | - | | | - | | | (2,090,664) | | | (2,090) | | Balance at the end of period/year | | | 47,909,336 | | | 47,910 | | | 47,909,336 | | | 47,910 | | Common Shares | | | | | | | | | | | | | | Balance at beginning of the period | | | 48,885,107 | | | 48,884 | | | 22,591,292 | | | 22,591 | | Shares issued on acquisition (Note 3) | | | - | | | - | | | 23,650,000 | | | 23,650 | | Shares issued to exchangeable shares | | | - | | | - | | | 2,090,664 | | | 2,090 | | Shares issued for services | | | - | | | - | | | 217,047 | | | 217 | | Options exercised | | | - | | | - | | | 110,096 | | | 110 | | Warrants exercise (a) | | | 5,000,172 | | | 5,000 | | | 174,759 | | | 175 | | Cashless exercise of warrants | | | - | | | - | | | 51,249 | | | 51 | | Balance at end of the period | | | 53,885,279 | | | 53,884 | | | 48,885,107 | | | 48,884 | | TOTAL COMMON SHARES | | | 101,794,615 | | | 101,794 | | | 96,794,443 | | | 96,794 | |
| (a)
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During the six months period ended September 30, 2017, the Company consummated an offer to amend and exercise to its warrant holders, enabling them to exercise their outstanding warrants for $0.25 per share, and as a result, 5,000,172 common shares were issued for net proceeds of $1,125,038 (Note 12). |
| (b)
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During the six months period ended September 30, 2016, 51,249 common shares were issued as a result of a cashless exercise of 262,045 warrants with an exercise price of $0.80. Under the terms of the warrant agreement the value of the warrants on exercise is attributed to the shares on exercise and the Company has recognized a value of $43,562. |
| (c)
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The Company has a commitment to issue 250,000 common shares to a consultant during the six months ended September 30, 2017 and recognized $60,000 in compensation expense. The Company issued 70,000 common shares during the six months period ended September 30, 2016 for consulting services and recognized $59,500 of share compensation expense. |
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