SUPPLEMENTAL CASH FLOW INFORMATION

3 Months Ended

Oct. 31, 2013

SUPPLEMENTAL CASH FLOW INFORMATION [Text Block]

NOTE 13: SUPPLEMENTAL CASH FLOW INFORMATION

During the three months ended October 31, 2013, the Company issued 130,239 restricted shares with a fair value of $290,552 for various consulting services.

In connection with the debt financing in July 2013, the Company incurred debt financing costs of $418,477 which were included in accounts payable and accrued liabilities at July 31, 2013. During the three months ended October 31, 2013, the Company paid debt financing costs of $188,107 in cash.