Annual report pursuant to Section 13 and 15(d)

WARRANTS (Tables)

v3.8.0.1
WARRANTS (Tables)
12 Months Ended
Mar. 31, 2018
Warrants and Rights Note Disclosure [Abstract]  
Schedule Of Share Based Compensation Stock Purchase Warrants Activity [Table Text Block]
The following is a continuity schedule of the Company’s common share purchase warrants:
 
 
 
Number of Warrants
 
Weighted-Average
Exercise Price ($)
 
Outstanding and exercisable, March 31, 2015
 
 
10,823,450
 
 
1.35
 
Issued
 
 
7,225,625
 
 
1.35
 
Exercised
 
 
(148,787)
 
 
(0.80)
 
Outstanding and exercisable, March 31, 2016
 
 
17,900,288
 
 
1.35
 
Exercised
 
 
(262,045)
 
 
(0.80)
 
Outstanding and exercisable, March 31, 2017
 
 
17,638,243
 
 
1.35
 
Exercised
 
 
(5,000,172)
 
 
0.25
 
Issued in connection with anti-dilution provision connected warrant transaction
 
 
83,752
 
 
0.749
 
Issued in connection with anti-dilution provision connected warrant transaction
 
 
941,191
 
 
1.2933
 
Issued in connection to the warrant transaction to the broker
 
 
400,014
 
 
0.25
 
Issued in connection with conversion of loans and interest into common shares
 
 
16,006,322
 
 
0.0625
 
Issued in connection with conversion of loans and interest into common shares
 
 
2,348,587
 
 
0.60
 
Issued in connection with anti-dilution provision connected with issuance of common shares
 
 
20,458,058
 
 
0.4868
 
Issued in connection with anti-dilution provision connected with issuance of common shares
 
 
2,019,583
 
 
0.2952
 
Outstanding and exercisable, March 31, 2018
 
 
54,895,578
 
$
0.3546
 
Schedule of Common Share Purchase Warrants Outstanding [Table Text Block]
The following is a summary of common share purchase warrants outstanding after the warrant offer to amend and exercise the additional warrant issue and the re-pricing of the warrants as of March 31, 2018.
 
Exercise
Price ($)
 
Number of
Warrants
 
Expiry Date
 
 
0.60
 
 
2,348,587
 
March 31, 2023
 
 
0.4868
 
 
15,603,103
 
February 26, 2019
 
 
0.4868
 
 
3,265,093
 
March 27, 2019
 
 
0.4868
 
 
871,813
 
March 31, 2019
 
 
0.4868
 
 
6,759,081
 
April 21, 2019
 
 
0.4868
 
 
3,191,037
 
May 27, 2019
 
 
0.4868
 
 
3,117,199
 
June 30, 2019
 
 
0.2952
 
 
3,333,328
 
February 26, 2019
 
 
0.25
 
 
400,014
 
June 27, 2020
 
 
0.0625
 
 
9,603,842
 
August 14, 2022
 
 
0.0625
 
 
6,402,481
 
March 31, 2022
 
 
 
 
 
54,895,578
 
 
 
Schedule of Stockholders' Equity Note, Warrants or Rights [Table Text Block]
Exercise
Price
($)
 
Number of
Warrants
 
Expiry Date
 
Expected life
(years)
 
Risk free
rate
 
Dividend
rate
 
Forfeiture
rate
 
Expected
volatility
 
Remeasured
fair value
 
 
0.6
 
 
2,348,587
 
31-Mar-23
 
 
5
 
 
1.59
%
 
0
%
 
0
%
 
135
%
 
116,142
 
 
0.4868
 
 
15,603,103
 
26-Feb-19
 
 
0.92
 
 
1.59
%
 
0
%
 
0
%
 
135
%
 
100,281
 
 
0.4868
 
 
3,265,093
 
27-Mar-19
 
 
1
 
 
1.59
%
 
0
%
 
0
%
 
135
%
 
24,815
 
 
0.4868
 
 
871,813
 
31-Mar-19
 
 
1
 
 
1.59
%
 
0
%
 
0
%
 
135
%
 
6,769
 
 
0.4868
 
 
6,759,081
 
21-Apr-19
 
 
1.08
 
 
1.59
%
 
0
%
 
0
%
 
135
%
 
58,358
 
 
0.4868
 
 
3,191,037
 
27-May-19
 
 
1.16
 
 
1.59
%
 
0
%
 
0
%
 
135
%
 
32,276
 
 
0.4868
 
 
3,117,199
 
30-Jun-19
 
 
1.25
 
 
1.59
%
 
0
%
 
0
%
 
135
%
 
36,116
 
 
0.2952
 
 
3,333,328
 
26-Feb-19
 
 
0.92
 
 
1.59
%
 
0
%
 
0
%
 
135
%
 
38,423
 
 
0.0625
 
 
9,603,842
 
14-Aug-22
 
 
4.38
 
 
1.59
%
 
0
%
 
0
%
 
135
%
 
593,355
 
 
0.0625
 
 
6,402,481
 
31-Mar-22
 
 
4
 
 
1.59
%
 
0
%
 
0
%
 
135
%
 
387,529
 
 
 
 
 
54,495,564
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
1,394,164