XML 40 R6.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
6 Months Ended 12 Months Ended 105 Months Ended 111 Months Ended
Feb. 28, 2014
Feb. 28, 2013
Aug. 31, 2013
Aug. 31, 2012
Aug. 31, 2013
Feb. 28, 2014
Cash flows used in operating activities            
Net Income (loss) $ (472,213) $ (191,108) $ (730,904) $ (1,009,735) $ (6,124,658) $ (6,596,871)
Changes to reconcile net loss to net cash used in operating activities            
Consulting - Stock based compensation 133,214 0 0 66,953 657,250 790,464
Depletion 0 0 0 0 298,489 298,489
Write down in carrying value of oil and gas properties 0 0 0 0 293,436 293,436
Stock issued for mineral resource and oil and gas property 0 0 0 0 37,500 37,500
Write down of oil and gas properties 0 0 337,843 0 2,919,511 2,919,511
Gain on disposition of oil and gas properties 0 0 0 0 (522,976) (522,976)
Fair value of warrants liabilities 0 (9,789) (9,789) (291,003) (896,019) (896,019)
Gain on owned securities 0 3,750 3,750 312,168 283,082 283,082
Equity pick-up 8,982 850 850 4,824 17,744 26,726
Impairment of long term investments 0 0 55,931 197,910 253,841 253,841
Imputed interest 0 0 0 0 17,396 17,396
Accrued loan interest 0 0 0 0 17,928 17,928
Other non-cash activities 0 0 0 2,958 30,153 30,153
Change in non-cash working capital items:            
Accounts receivable (5,900) 20,713 46,456 (22,439) (2,519) (8,420)
Prepaid expenses and deposit 83 393 3,818 33,534 17,371 17,455
Accounts payable and accrued liabilities (69,077) 70,697 228,158 111,888 336,689 267,612
Deferred charges     0 29,038 0  
Due to related parties 12,062 36,499 (8,864) 72,000 154,273 166,335
Net cash (used in) operating activities (392,849) (67,995) (72,751) (491,904) (2,211,509) (2,604,358)
Cash flows from (used in) investing activities            
Proceeds from sale of marketable securities 0 0 0 56,241 56,241 56,241
Oil and gas properties acquisition and divestment 0 0 0 0 (345,180) (345,180)
Proceeds from sale of oil and gas interests 0 0 0 0 521,545 521,545
Mineral resource properties acquisition 0 (40,500) (40,000) (104,798) (231,843) (231,843)
Investment in GSWPS 0 0 0 0 (103,500) (103,500)
Investment in Pro Eco 10,004 0 0 0 (45,000) (34,996)
Investment in Medical Marijuana Operations (716,610) 0       (716,610)
Cash provided in connection with business acquisition 0 0 0 0 201,028 201,028
Net cash from (used in) investing activities (706,606) (40,500) (40,000) (48,557) 53,291 (653,315)
Cash flows from financing activities            
Promissory notes - related party (47,380) 0 0 50,045 50,045 2,665
Net Proceeds from Options exercised 44,250 0       44,250
Net Proceeds from Warrants exercised 216,100 0       216,100
Net proceeds from subscriptions received 1,855,460 100,400 100,400 240,956 2,109,514 3,964,974
Net cash from financing activities 2,068,430 100,400 100,400 291,001 2,159,559 4,227,989
Increase (Decrease) in cash and cash equivalents 968,975 (8,095) (12,351) (249,460) 1,341 970,316
Cash and cash equivalents, beginning of period 1,341 13,692 13,692 263,152 0 0
Cash and cash equivalents, end of period 970,316 5,597 1,341 13,692 1,341 970,316
Supplemental information of cash flows            
Interest paid in cash 0 0 0 0 0 0
Income taxes paid in cash $ 0 $ 0 $ 0 $ 0 $ 0 $ 0