8. SHARE CAPITAL, OPTION BASED PAYMENTS & CONTRIBUTED SURPLUS: Schedule of Stock option transactions (Tables)

12 Months Ended

Jan. 31, 2020

Tables/Schedules

Schedule of Stock option transactions

Stock option transactions are summarized as follows:

	2020		2019		2018
	Number  of  Options	Weighted Average  Exercise  Price	Number  of  Options	Weighted  Average  Exercise  Price	Number  of  Options	Weighted  Average  Exercise  Price
Outstanding, beginning of year	2,625,000	$1.00	2,525,000	$1.00	2,425,000	$1.00
Granted	700,000	$3.00	100,000	$1.00	100,000	$1.00
Cancelled	(30,000)	$1.00	-	-	-	-
Exercised	(320,000)	$1.00	-	-	-	-
Outstanding, end of year	2,975,000	$1.47	2,625,000	$1.00	2,525,000	$1.00
Options exercisable, end of year	2,975,000	$1.47	2,625,000	$1.00	2,525,000	$1.00
Weighted average remaining life of outstanding options granted in years		1.35		2.52		3.44
Weighted average fair value per option granted		$0.78		$0.75		$0.66