Warrants

9 Months Ended

Apr. 30, 2020

Warrants Abstract

Warrants

Note 14 - 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 - July 31, 2019		21,559,553		$	1.81		0.40	$	4,500,000
Issued		88,000			2.50		2.29		—
Forfeited		(80,000	)		2.50		—		—
Expired		(21,000,000	)		1.79		0.01		—
Outstanding – April 30, 2020		567,553		$	2.50		2.45	$	—

During the nine months ended April 30, 2020, the Company issued 88,000 warrants to investors of convertible notes and 21,000,000 warrants expired due to the passage of time, and 80,000 warrants were forfeited upon settlement of a note. 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.