CAPITAL STOCK AND ADDITIONAL PAID-IN-CAPITAL (Tables)

3 Months Ended

Oct. 31, 2019

Disclosure Capital Stock And Additional Paidincapital Tables Abstract

Schedule of Stock Option Outstanding

The following incentive stock options were outstanding and exercisable at October 31, 2019:

Number of Options		Exercise Price ($C)		Expiry Date
	110,000	$	1.50	March 22, 2021
	58,660		2.00	August 8, 2021
	214,254		2.40	December 27, 2021
	90,000		2.80	April 20, 2020
	613,100		1.20	April 19, 2023
	280,000		1.00	November 29, 2023
	751,284		0.70	August 21, 2024
	2,117,298	$	1.22

Stock option transactions are summarized as follows:

	Number of Options			Weighted Average Exercise Price ($C)		Aggregate Intrinsic Value
Balance outstanding and exercisable, July 31, 2018		1,161,014		$	1.70	Nil
Options granted		290,000			1.00	Nil
Balance outstanding and exercisable, July 31, 2019		1,451,014			1.50	Nil
Options granted		751,284			0.70	Nil
Options expired		(85,000	)		2.06	Nil
Balance outstanding and exercisable, October 31, 2019		2,117,298		$	1.22	Nil

The following weighted average assumptions were used for the Black-Scholes pricing model valuation of stock options issued during the period ended October 31, 2019 and year ended July 31, 2019:

	October 31, 2019	July 31, 2019
Risk-free interest rate	1.52%	2.12%
Expected life of warrants	5.0 years	5.0 years
Expected annualized volatility	136.38%	136.38%
Dividend	Nil	Nil
Forfeiture rate	0%	0%

Schedule of Stock Warrants Outstanding

The following warrants were outstanding at October 31, 2019:

Number of Warrants		Exercise Price ($C)		Expiry Date
	678,886	$	2.50	December 27, 2019
	13,333		2.50	January 3, 2020
	2,100		1.50	April 18, 2020
	3,516,100		1.50	April 18, 2021
	288,125		1.20	August 30, 2021
	200,313		1.20	September 17, 2021
	962,500		1.30	October 16, 2020
	375,000		1.30	November 5, 2020
	933,686		1.30	March 1, 2021
	518,407		1.00	July 3, 2022
	2,302,518		1.00	August 19, 2022
	1,150,000		1.00	September 3, 2022
	10,940,968	$	1.30

During the period ended October 31, 2019, a total of 708,074 warrants with an exercise price of C$2.50 expired unexercised.

Warrant transactions are summarized as follows:

	Number of Warrants			Weighted Average Exercise Price ($C)
Balance, July 31, 2018		8,394,882		$	2.70
Warrants issued		3,278,030			1.2
Warrants expired		(3,476,388	)		4.00
Balance, July 31, 2019		8,196,524		$	1.60
Warrants issued		3,452,518			1.00
Warrants expired		(708,074	)		(2.50	)
Balance, October 31, 2019		10,940,968		$	1.30