Note 15 - Supplemental Cash Flow Information

9 Months Ended

Apr. 30, 2019

Notes to Financial Statements

Cash Flow, Supplemental Disclosures [Text Block]

NOTE

15:

     SUPPLEMENTAL CASH FLOW INFORMATION

During the

nine

months ended

April 30, 2019

and

2018,

we issued

165,404

and

208,889

shares with a fair value of

$226,539

and

$322,865,

respectively, for consulting services.

During the

nine

months ended

April 30, 2019

and

2018,

we issued

558,875

and

624,408

shares with a fair value of

$785,117

and

$857,258,

respectively, as compensation to certain management, employees and consultants of the Company under the Stock Incentive Plan.

During the

nine

months ended

April 30, 2019,

we issued

1,180,328

shares with a fair value of

$1,400,000

as

third

extension fees to the Lenders of the Company.

During the

nine

months ended

April 30, 2019

and

2018,

we paid

$1,213,333

and

$1,213,333,

respectively, in cash to the Lenders for interest on the long-term debt.

During the

three

months ended

April 30, 2019,

pursuant to the Securities Exchange Agreement, we issued

750,000

shares with a fair value of

$997,500

in exchange of

11,000,000

Warrants with an exercise price of

$2.30

expiring on

August 9, 2022,

which were issued in connection with the acquisition of the Reno Creek Project in

August 2017.