INVESTMENTS

12 Months Ended

Jan. 31, 2019

Notes to Financial Statements

9. INVESTMENTS

At January 31, 2019, the Company held shares as follows:

	Number of Shares		Cost		Accumulated Unrealized Gain (Loss)			Fair Value
Available-for-sale shares:
Levon Resources Ltd.		37,000	$	1,957	$	3,778		$	5,735
VBI Vaccines Inc.		2,000		4,232		150			4,382
Great Thunder Gold Corp.		10,819		866		(703	)		163
			$	7,055		3,225		$	10,280

At January 31, 2018, the Company held shares as follows:

	Number of Shares		Cost		Accumulated Unrealized Gain (Loss)		Fair Value
Available-for-sale shares:
Levon Resources Ltd.		40,000	$	2,116	$	17,684	$	19,800
VBI Vaccines Inc.		8,000		16,927		22,033		38,960
Great Thunder Gold Corp.		10,819		866		431		1,297
			$	19,909	$	40,148	$	60,057

During the year ended January 31, 2019, the Company recorded an unrealized loss of $19,197 (2018 – loss of $57,269; 2017 – gain of $40,449) on investments in marketable securities, representing the change in fair value during the year.

During the year ended January 31, 2019, the Company sold 3,000 (2018 – 180,000, 2017 - Nil) shares of Levon Resources Ltd. for gross proceeds of $935 (2018 - $79,070, 2017 - $Nil) and 6,000 (2018 – 3,000, 2017 - Nil) shares of VBI Vaccines Inc. for gross proceeds of $26,553 (2018 - $23,061, 2017 - $Nil). As a result, the Company recorded a gain on sale of investments of $14,635 for the year ended January 31, 2019 (2018 – $93,693, 2017 – $Nil).