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Note 18 - Supplemental Cash Flow Information
12 Months Ended
Jul. 31, 2019
Notes to Financial Statements  
Cash Flow, Supplemental Disclosures [Text Block]
NOTE
1
8
:
SUPPLEMENTAL CASH FLOW INFORMATION
 
During Fiscal
2019,
we issued
165,404
shares (Fiscal
2018:
225,168;
Fiscal
2017:
865,386
) with a fair value of
$226,539
(Fiscal
2018:
$349,834;
Fiscal
2017:
$1,107,937
) for consulting services.
 
During Fiscal
2019,
we issued
888,126
shares (Fiscal
2018:1,265,446;
Fiscal
2017:
846,069
) with a fair value of
$1,174,844
(Fiscal
2018:
$1,839,193;
Fiscal
2017:
$967,369
) to our directors, officers, employees and consultants under the Stock Incentive Plan.
 
During Fiscal
2019,
we issued
1,180,328
shares with a fair value of
$1,400,000
as payment of
third
extension fees to our Lenders. During Fiscal
2018
and Fiscal
2017,
we issued
641,574
and
738,503
shares with a fair value of
$900,000
and
$1,100,000,
respectively, as anniversary fees to our Lenders.
 
During Fiscal
2019,
we paid
$1,622,222
(Fiscal
2018;
$1,622,222;
Fiscal
2017:
$1,622,222
) for interest on our long-term debt. During Fiscal
2019,
we paid
$113,117
(Fiscal
2018:
$118,944;
Fiscal
2017:
$117,069
) in surety bond premiums.
 
During Fiscal
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
PRRF Warrants with an exercise price of
$2.30
expiring on
August 9, 2022,
which were issued in connection with the Reno Creek Acquisition in
August 2017.
 
During Fiscal
2019,
we received
12,000,000
Consideration Shares of URC with a fair value of
$9,077,842
upon closing of the Royalty Purchase Agreement.
 
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 totaling
$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
2018,
we issued
565,499
shares (Fiscal
2017:
351,061
) with a fair value of
$845,824
(Fiscal
2017:
$454,195
) as settlement of certain payables to various vendors.
 
During Fiscal
2018,
we issued
46,134
shares (Fiscal
2017:
46,800
) with a fair value of
$61,820
(Fiscal
2017:
$48,672
) as part of annual advance royalty payments for the Workman Creek Project.