On August 1, 2009, the Company issued options to a consultant entitling the consultant to purchase 30,000 common shares of the Company’s stock at a price of $0.90 per share to July 31, 2019. These options were immediately vested.
| October 31, | ||||||||
| 2013 | 2012 | |||||||
| Warrants | ||||||||
| Outstanding warrants are as follows: | ||||||||
| Issued to consultant August 1, 2009, entitling the holder to purchase 1 common share in the company at an exercise price of $0.90 per common share up to and including July 31, 2017 | — | 287,085 | ||||||
| Issued to Flow Capital Advisors Inc. on settlement of lawsuit in August 2011, entitling the holder to purchase 1 common share in the Company at an exercise price of $0.30 per common share up to and including August 23, 2016 | 250,000 | 250,000 | ||||||
| Issued to Flow Capital Advisors Inc. on settlement of lawsuit August 2011, entitling the holder to purchase 1 common share in the Company at an exercise price of $0.50 per common share up to and including August 23, 2016 | 250,000 | 250,000 | ||||||
| Issued to Flow Capital Advisors Inc. on settlement of lawsuit August 2011, entitling the holder to purchase 1 common share in the Company at an exercise price of $0.75 per common share up to and including August 23, 2016 | 500,000 | 500,000 | ||||||
| Issued to Flow Capital Advisors Inc. on settlement of lawsuit August 2011, entitling the holder to purchase 1 common share in the Company at an exercise price of $1.00 per common share up to and including August 23, 2016 | 500,000 | 500,000 | ||||||
| Issued to Flow Capital Advisors Inc. on settlement of lawsuit August 2011, entitling the holder to purchase 1 common share in the Company at an exercise price of $0.75 per common share up to and including August 23, 2016 | 500,000 | 500,000 | ||||||
| Issued to consultants in September 2011 entitling the holders to purchase 1 common share in the Company at an exercise price of $0.10 per common share up to and including March 20, 2013 | — | 1,500,000 | ||||||
| Issued to consultants in September 2011 entitling the holders to purchase 1 common share in the Company at an exercise price of $0.34 per common share up to and including March 20, 2013 | — | 1,500,000 | ||||||
| Issued to consultants in September 2011 entitling the holders to purchase 1 common share in the Company at an exercise price of $0.50 per common share up to and including March 20, 2013 | — | 1,000,000 | ||||||
| Issued to debenture holders February 2013 entitling the holders to purchase 1 common share in the Company at an exercise price of $0.25 per common share up to and including February 27, 2016 | 600,000 | — | ||||||
| Issued to debenture holders May 2013 entitling the holders to purchase 1 common share in the Company at an exercise price of $0.15 per common share up to and including June 3, 2016 | 750,000 | — | ||||||
| Issued to debenture holders June 2013 entitling the holders to purchase 1 common share in the Company at an exercise price of $0.15 per common share up to and including June 3, 2016 | 232,500 | — | ||||||
| Issued to consultants August 5, 2013, entitling the holders to purchase 2,500,000 common shares in the company at an exercise price of $0.15 per common share up to and including August 4, 2023 | 2,500,000 | — | ||||||
| Issued to consultants August 5, 2013, entitling the holders to purchase 1,500,000 common shares in the company at an exercise price of $0.10 per common share up to and including August 4, 2023 | 1,500,000 | — | ||||||
| Issued to consultant September 3, 2013, entitling the holder to purchase 500,000 common shares in the company at an exercise price of $0.50 per common share up to and including July 31, 2018 | 500,000 | — | ||||||
| Issued to shareholder October 29, 2013, entitling the holder to purchase 250,000 common shares in the company at an exercise price of $0.15 per common share up to and including October 29, 2016 | 250,000 | — | ||||||
| Total Warrants outstanding | 8,332,500 | 6,287,085 | ||||||