SUPPLEMENTAL CASH FLOW INFORMATION

12 Months Ended

Jul. 31, 2012

SUPPLEMENTAL CASH FLOW INFORMATION [Text Block]

NOTE 14: SUPPLEMENTAL CASH FLOW INFORMATION

		July 31, 2012		July 31, 2011		July 31, 2010
Cash and Cash Equivalents Consist of:
Cash in bank	$	25,015,284	$	4,049,131	$	3,032,802
Term deposits		-		26,674,920		18,034,860
	$	25,015,284	$	30,724,051	$	21,067,662

During Fiscal 2012, the Company issued 159,236 restricted common shares of the Company with a fair value of $511,148 to purchase certain database covering the Goliad formation from Uranium One Inc.

During Fiscal 2012, as a result of the merger with Concentric, the Company issued 1,603,440 shares and share purchase warrants to purchase 375,834 shares with an aggregate fair value of $5,195,797. Additionally, the Company settled with certain Series “A” and “B” convertible debenture holders through a shares-for-debt arrangement whereby a total 128,508 shares with a fair value of $699,340 were issued.

During Fiscal 2012, the Company issued a total 40,312 shares of common stock with a fair value of $158,426 as full settlements for a total $129,000 owed to two former directors of Concentric.

During Fiscal 2012, the Company issued 300,000 shares with a fair value of $915,000 for the acquisition of the Workman Creek Project.

During Fiscal 2012, the Company received 750,000 shares of Kaboko with a fair value of $15,600 which was applied against the capitalized costs of the Todilto Project.

During Fiscal 2012, the Company issued 100,000 shares with a fair value of $229,000 for the acquisition of a further two prospecting permits at the Coronel Oviedo Project.

During Fiscal 2012, in connection of the acquisition of Cue, the Company issued a total 2,517,229 shares, share purchase warrants to purchase 900,446 shares, stock options to purchase 48,748 shares and broker options to purchase 38,773 shares with an aggregate fair value of $9,992,244.