NON-CASH TRANSACTIONS

12 Months Ended

Apr. 30, 2020

Supplemental Cash Flow Elements [Abstract]

NON-CASH TRANSACTIONS

11.       NON-CASH TRANSACTIONS:

Investing and financing activities that affect recognized assets or liabilities but that do not result in cash receipts or cash payments are excluded from the consolidated statements of cash flows. During the year ended April 30, 2020, the following transactions were excluded from the consolidated statement of cash flows:

a) The issuance of 1,054,097 common shares at the fair value of $106,858 which was included in commitment to issue shares at April 30, 2019;

b) The transfer of $2,863,732 of interest payable on the Third, Fifth and Sixth Promissory Notes from accounts payable and accrued liabilities to promissory notes; and,

c) Deferred mineral property expenditures of $40,062 included in accounts payable and accrued liabilities at April 30, 2020, less $57,744 included in accounts payable at April 30, 2019 (net inclusion of $17,682).

During the year ended April 30, 2019, the following transactions were excluded from the consolidated statement of cash flows:

a) The commitment to issue 1,194,081 common shares at the fair value of $137,233 and 139,984 warrants at the fair value of $1,602 pursuant to the promissory notes;

b) The transfer of $2,271,482 of interest payable on the Third and Fifth Promissory Notes from accounts payable and accrued liabilities to promissory notes;

c) The Company issued 1,882,503 common shares with a fair value of $155,229. The common shares were issued as settlement of principal and accrued interest pursuant to the Fourth Promissory Notes; and,

d) Deferred mineral property expenditures of $57,744 included in accounts payable and accrued liabilities at April 30, 2019, less $140,561 included in accounts payable at April 30, 2018 (net inclusion of $82,817).