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Capital Stock
3 Months Ended
Mar. 31, 2023
Equity [Abstract]  
Capital Stock [Text Block]

14. Capital Stock

As at March 31, 2023, the Company had 150,000,000 common shares authorized with a par value of $.0001 per share and 118,618,245 (December 31, 2022-113,438,832) common shares issued and outstanding.
For the three-month period ended March 31, 2023, the Company issued 1,049,413 (December 31, 2022-2,372,090) common shares on the conversion of a convertible promissory note having a fair value on conversion in the amount of $199,641 (December 31, 2022-$579,247) at conversion prices ranging from $0.1294 to $0.1442 (December 31, 2022- $0.1885 to $0.2339) per share. This resulted in a loss on conversion of $20,513 disclosed under other income (expense), note 16.

In addition, the Company raised $nil (December 31, 2022-$907,760, net of share issue costs of $1,440), on a private placement for nil (December 31, 2022-4,444,041) common shares at an issue price of $nil (December 31, 2022-$0.154 to $0.45) per share. Further, 410,000 (December 31, 2022-6,655,000) common shares of the Company were issued for professional services valued at $63,480 (December 31, 2022-$2,186,110), based on the closing trading prices on the effective dates of the consulting agreements. The portion relating to the three-month period ended March 31, 2023, $63,480 (2022-$2,092,230) is included in the amount disclosed as stock-based compensation in the interim condensed consolidated statements of operations and comprehensive loss and the balance, $nil (December 31, 2022-$374,531) is included in prepaid expenses and deposits in the interim condensed consolidated balance sheets. In addition, during the year ended December 31, 2022, 4,125,211 share were issued on the issuance of debt on extinguishment of existing debt having a fair value on issuance of $1,652,715 and 1,616,667 common shares were issued on the extension of the maturity dates on convertible promissory notes having a fair value on issuance of $231,067. Further, on September 8, 2022, 241,502 common shares were returned to treasury. And, during the year ended December 31, 2022, Travellers converted $33,371 (C$45,200) of accounts payable for 193,778 common shares of the Company.
On January 3, 2023, the Company issued 3,000,000 (January 2, 2022-1,000,000) common shares to the CEO and 100,000 (January 2, 2022-50,000) common shares to the CFO in connection with their executive consulting agreements, valued at $446,400 (December 31, 2022-$240,450), based on the closing trading price on the effective date of their executive consulting agreements. Included under management stock-based compensation in the interim condensed consolidated statements of operations and comprehensive loss, is an amount of $57,600 (2022-60,113), representing that portion of the stock-based compensation for the period. Also, on January 17, 2022 and March 22, 2022, the Company issued 230,000 common shares on proceeds previously received.

Further, on January 3, 2023, the Company issued 20,000 (February 7, 2022-10,000) common shares to an employee valued at $2,880 (December 31, 2022-$1,990) based on the closing trading price on the date of issuance.
And, 100,000 common shares were issued on March 1, 2023 to a new director appointed on February 18, 2023, valued at $21,000, based on the trading price on the date appointed. Both amounts are disclosed as stock-based compensation in the interim condensed statements of operations and comprehensive loss.
At March 31, 2023, the Company recorded $60,100 (December 31, 2022-$213,600) for 250,000 shares to be issued relating to a consulting agreement with a service provider for professional services, valued on the effective dates stipulated in the consulting agreement. These professional services are included under stock-based compensation in the interim condensed consolidated statements of operations and comprehensive loss. And, during the three-month period ended March 31, 2023, the Company issued 500,000 (2022-230,000) common shares for proceeds previously received.