WARRANTS

9 Months Ended

Apr. 30, 2022

WARRANTS

NOTE 9 - WARRANTS

NOTE 9 – WARRANTS

The Company issued 1,911,330 warrants as part of a debt conversion in the prior year. The warrants were evaluated for purposes of classification between liability and equity. The warrants do not contain features that would require a liability classification and are therefore considered equity. The Black Scholes pricing model was used to estimate the fair value of $72,631 of the Warrants with the following inputs: stock price of $0.04, exercise price of $0.08, 2-year term, volatility of 313%, and a risk free rate of 0.19.

	Number of Warrants			Weighted Average Exercise Price		Weighted Average Remaining Contract Term
Exercisable at July 31, 2020		500,000			0.15		.27
Granted		1,911,330			0.08		2
Expired		(500,000	)		0.15		-
Exercised		-			-		-
Exercisable at July 31, 2021		1,911,330		$	0.08		2
Granted		-			-		-
Expired		-			-		-
Exercised		-			-		-
Exercisable at April 30, 2022		1,911,330		$	0.08		.25