XML 32 R7.htm IDEA: XBRL DOCUMENT v2.4.0.6
Statements of Cash Flows (An Exploration Stage Company) (Unaudited) (USD $)
9 Months Ended 46 Months Ended
Jul. 31, 2012
Jul. 31, 2011
Jul. 31, 2012
CASH FLOWS FROM OPERATING ACTIVITIES      
Net (loss) $ (2,982,971) $ (3,743,744) $ (8,831,067)
Adjustments to reconcile net (loss) to net cash (used) in operating activities:      
Employee options issued for stock based compensation 524,436 1,698,534 2,530,112
Foreign currency exchange (gain) loss (15,744) 254,438 268,663
Depreciation 30,590 20,853 68,159
Net change in:      
Prepayments 420,217 (28,285) (34,699)
Receivables (4,144) (9,500) (5,506)
Accounts payable and accrued expenses (50,762) 85,912 131,651
Net Cash (Used) in Operating Activities (2,078,378) (1,721,792) (5,872,687)
CASH FLOWS FROM INVESTING ACTIVITIES      
Purchase of property and equipment   (84,466) (106,455)
Option fees paid   (290,000)  
Net Cash (Used) in Investing Activities   (374,466) (106,455)
CASH FLOWS FROM FINANCING ACTIVITIES      
Proceeds from issuance of stock     21,000
Borrowings from affiliates 2,128,288 2,098,062 6,020,952
Net Cash Provided by Financing Activities 2,128,288 2,098,062 6,041,952
Effect of exchange rate on cash (5,947) 970 (8,714)
Net increase in cash 43,963 2,774 54,096
Cash at beginning of period 10,133 39,059  
Cash at end of period 54,096 41,833 54,096
Supplemental Disclosures      
Interest Paid     $ 14