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Subsequent event
6 Months Ended
May 31, 2014
Subsequent event [Text Block] 10       Subsequent event

On July 1, 2014, the Company announced that it has entered into definitive agreements with existing shareholders to complete a non-brokered private placement offering of $7,500,000 in Units. Each Unit will be priced at $1.15 per Unit and will consist of one common share of the Company and one common share purchase warrant. Each common share purchase warrant will entitle the holder to purchase one common share of the Company at a price of $1.60 per share for a period of five years from the closing date. The proceeds raised are restricted for 12 months following closing to a maximum of $4.0 million on general and administrative expenses, $2.7 million on program expenditures, and $0.8 million on additional expenses incurred in reducing annual general and administrative expenses.