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11. WARRANT LIABILITY: Fair Value Measurements, Recurring and Nonrecurring (Tables)
12 Months Ended
Mar. 31, 2023
Warrant  
Fair Value Measurements, Recurring and Nonrecurring

 

March 31, 2022

Closing share price

$0.0052

Conversion price

$1.00 - $0.10

Risk free rate

2.35 – 2.45%

Expected volatility

171 – 182%

Dividend yield

0%

Expected life (years)

2.65– 3.36

 

Continuity of the Fair value of the Warrant Liabilities

Year Ended March 31, 2023

Year Ended March 31, 2022

Opening

$184

$12,669

Issue of 18,325,500 shares of common stock for the settlement of warrants at fair value

-

(1,515)

Decrease in fair value

(184)

(10,970)

Closing

$0

$184