Warrants

12 Months Ended

Jul. 31, 2019

Warrants Abstract

Warrants

Note 15 - Warrants:

A summary of the Company’s warrant activities is as follows:

	Number of Warrants		Weighted Average Exercise Price per Share		Weighted Average Remaining Life (Years)		Aggregate Intrinsic Value
Outstanding – August 1, 2018		-	$	-		-	$	-
		-		-
Outstanding - July 31, 2018		-	$	-		-		-
Issued		15,399,681		2.53		1.06		4,500,000
Outstanding - July 31, 2019		15,399,681	$	2.53		0.40	$	4,500,000

For the year ended July 31, 2019, the Company issued 15,399,681 warrants which consisted of 399,681 issued to investors of convertible notes and 15,000,000 issued to a former shareholder of NGDx upon acquisition of the remaining 49% interest of the entity (Note 9). All the warrants issued vested immediately upon issuance. Additionally, 84,000 warrants are to be issued to AEXG in connection with an arbitrator’s award (Note 4).