Warrants

9 Months Ended

Sep. 30, 2020

Warrants and Rights Note Disclosure [Abstract]

Warrants

10. Warrants

During the nine-months ended September 30, 2020 the Company issued 900,000 warrants convertible to 1 common share each with an exercise period of 5 years. The exercise price of the warrants is $0.10 per share (subject to adjustment) and may be exercised on a cashless basis. Refer to Note 4(b).

During the During the nine-months ended September 30, 2020 the Company issued 1,250,000 and 100,000 warrants convertible to 1 common share each exercisable until March 30, 2025 and April 29, 2022 respectively. The exercise price of the warrants are $0.12 and $2 per share.

Exercise price		Number outstanding		Remaining Contractual Life (Years)		Expiry date
$	2.00		100,000		1.58	April 29, 2022
$	0.10		900,000		4.41	February 25, 2025
$	0.12		1,250,000		4.47	March 20, 2025
			2,250,000		4.44

	September 30, 2020				September 30, 2019
	Number of warrants		Weighted average price		Number of warrants		Weighted average price
Balance, beginning of year		-	$	-		-	$	-
Issuance		2,250,000	$	0.20		-	$	-
Balance, end of period		2,250,000	$	0.20		-	$	-