Share Purchase Warrants

9 Months Ended

Mar. 31, 2024

Share Purchase Warrants

Share Purchase Warrants

13. Share Purchase Warrants

During the nine months ended March 31, 2024, there were 73,217 common shares issued related to warrants exercised, of which 39,883 were issued pursuant to a cashless exercise of 66,667 share purchase warrants. In addition, there were 249,119 warrants vested related to previously granted stock-based compensation to officers of the Company, and 171,500 warrants granted upon election by officers of the Company to receive warrants and RSUs in lieu of cash bonuses.

	Number of Warrants			Weighted Average Exercise Price
Balance, June 30, 2023		5,729,360		$	14.53
Granted		236,271			3.59
Exercised		(100,002	)		(1.13	)
Expired		(107,735	)		(3.75	)
Balance, March 31, 2024		5,757,894		$	14.55

Additional information regarding share purchase warrants as of March 31, 2024, is as follows:

	Outstanding and Exercisable
Range of Exercise Prices	Number of Warrants		Weighted Average Remaining Contractual Life (years)
$1.13 - $4.33		919,214		0.33
$6.53 - $13.13		3,015,705		1.24
$23.10 - $26.25		1,822,975		0.74
		5,757,894		2.31