SUPPLEMENTAL DISCLOSURE WITH RESPECT TO CASH FLOWS

3 Months Ended

Oct. 31, 2019

Supplemental Cash Flow Elements [Abstract]

SUPPLEMENTAL DISCLOSURE WITH RESPECT TO CASH FLOWS

11. SUPPLEMENTAL DISCLOSURE WITH RESPECT TO CASH FLOWS

During the three-month periods ended October 31, 2019 and 2018, the Company had the following non-cash financing and investing activities:

For the period ended October 31, 2019:

a) The Company issued a total of 11,196 finder's warrants entitling the holder to acquire one share at a price of $1.00 until August 19, 2022 with a fair value of $4,990. The following weighted average assumptions were used for the Black-Scholes pricing model valuation of these warrants: Risk-free interest rate - 1.52%; expected volatility - 123.27%; share price and strike price - C$1.00; expected life of warrants - 3 years.