Cash and cash equivalents

12 Months Ended

Apr. 30, 2019

5.	Cash and cash equivalents

The Company purchases Guaranteed Investment Certificate (“GIC”) denominated in USD and Mexican Pesos (“MP”) as Short-term Investments.

During the year ending April 30, 2019, the Company held $1,011 (April 30, 2018—$Nil) in GIC’s denominated in CAD classified as cash equivalents.

These GICs are cashable at the Company’s option and are considered to be highly liquid. The Company’s short-term investments are held at one financial institution and as such the Company is exposed to the risks of those financial institutions.