SUPPLEMENTAL CASH FLOW INFORMATION

12 Months Ended

Jul. 31, 2018

Supplemental Cash Flow Elements [Abstract]

Cash Flow, Supplemental Disclosures [Text Block]

NOTE 16: SUPPLEMENTAL CASH FLOW INFORMATION

During Fiscal 2018, we issued 225,168 (Fiscal 2017: 865,386; and Fiscal 2016: $1,429,650) shares with a fair value of $349,834 (Fiscal 2017: $1,107,937; and Fiscal 2016: $1,372,381) for consulting services.

During Fiscal 2018, we issued 1,265,446 (Fiscal 2017: 846,069; and Fiscal 2016: 826,782) shares with a fair value of $1,839,193 (Fiscal 2017: $967,369; and Fiscal 2016: $726,244) to our directors, officers, employees and consultants under the Stock Incentive Plan.

During Fiscal 2018, we issued 398,839 shares with a fair value of $510,528 as settlement of share issuance obligations of $638,142 relating to the Fiscal 2017 share bonuses made by the Company under the Stock Incentive Plan.

During Fiscal 2018, we issued 14,634,748 shares and paid $909,930 in cash as consideration to acquire the Reno Creek Project. In addition, we issued 353,160 shares as payment of the Reimbursable Expenses totalling $483,829 and issued 217,702 shares with a fair value of $283,013 as payment of certain transaction costs.

During Fiscal 2018, we issued 1,625,531 shares with a fair value of $2,617,105 and paid $2,940,000 in cash as consideration to acquire the North Reno Creek Project. In addition, we issued 65,684 shares with a fair value of $105,751 as payment of certain transaction costs.

During Fiscal 2018, we issued 164,767 shares with a fair value of $232,321 and paid $239,120 in cash as consideration to acquire the Diabase Project.

During Fiscal 2016, we entered into a Share Purchas and Option Agreement with CICRI, pursuant to which we acquired all of the issued and outstanding shares of JDL. As consideration, we paid $50,000 in cash and issued 1,333,560 shares with a fair value of $1,226,875 to CICRI. During Fiscal 2017, we exercised the CIC Option in accordance with the Share Purchase and Option Agreement and issued 664,879 shares with a fair value of $1,070,455 as consideration to settle certain payables associated with exercise of CIC Option.

During Fiscal 2018, we issued 565,499 (Fiscal 2017: 351,061; and Fiscal 2016: 487,574) shares with a fair value of $845,824 (Fiscal 2017: $454,195; and Fiscal 2016: $453,444) as settlement of certain payables to various vendors.

During Fiscal 2018, we issued 46,134 (Fiscal 2017: 46,800) shares with a fair value of $61,820 (Fiscal 2017: $48,672) as part of annual advance royalty payments for the Workman Creek Project.

During Fiscal 2018, we issued 641,574 (Fiscal 2017: 738,503) shares with a fair value of $900,000 (Fiscal 2017: $1,100,000) as payment of anniversary fees to our Lenders.

During Fiscal 2018, we paid $1,622,222 (Fiscal 2017: $1,622,222; and Fiscal 2016: $1,626,667) in cash for interest on the long-term debt. During Fiscal 2018, we paid $118,944 (Fiscal 2017: $117,069; and Fiscal 2016: $114,145) in surety bond premiums.