SUPPLEMENTAL CASH FLOW INFORMATION

9 Months Ended

Apr. 30, 2012

SUPPLEMENTAL CASH FLOW INFORMATION [Text Block]

NOTE 13: SUPPLEMENTAL CASH FLOW INFORMATION

		April 30, 2012		July 31, 2011
Cash and Cash Equivalents Consist of:
Cash in bank	$	3,430,506	$	4,049,131
Term deposits		22,770,093		26,674,920
	$	26,200,599	$	30,724,051

During the three months ended April 30, 2012, in connection of the acquisition of Cue, the Company issued a total 2,517,229 shares, share purchase warrants to purchase 900,446 shares, stock options to purchase 48,748 shares and broker options to purchase 38,773 shares with an aggregate fair value of $9,992,244.

During the nine months ended April 30, 2012, as a result of the merger with Concentric, the Company issued 1,603,440 shares and share purchase warrants to purchase 375,834 shares with an aggregate fair value of $5,195,797. Additionally, the Company settled with certain Series “A” and “B” convertible debenture holders through a shares-for-debt arrangement whereby a total 128,508 shares with a fair value of $699,340 were issued.

During the nine months ended April 30, 2012, the Company issued 300,000 shares with a fair value of $915,000 for the acquisition of the Workman Creek Project.

During the three months ended April 30, 2012, the Company received 750,000 shares of Kaboko with a fair value of $15,600 which was applied against the capitalized costs of the Todilto Project.