XML 70 R29.htm IDEA: XBRL DOCUMENT

CAPITAL STOCK (Tables)

12 Months Ended

Jul. 31, 2014

Schedule of Valuation Assumptions Used, Share Purchase Warrants [Table Text Block]

Expected Risk Free Interest Rate		0.60%
Expected Annual Volatility		66.34%
Expected Contractual Life in Years		3.00
Expected Annual Dividend Yield		0%

Schedule of Fair Value Allocation [Table Text Block]

Fair Value of Shares	$	6,390,003
Fair Value of Share Purchase Warrants		627,775
Total Fair Value Before Allocation to Net Proceeds		7,017,778

Gross Proceeds		7,100,003
Share Issuance Costs		(567,880	)
Net Proceeds Received		6,532,123

Relative Fair Value Allocation to:
Shares		5,947,792
Share Purchase Warrants		584,331
	$	6,532,123

Schedule of Share Purchase Warrants, Activity [Table Text Block]

								Weighted Average
		Number of			Weighted Average			Remaining Contractual
		Warrants			Exercise Price			Term (Years)
Balance, July 31, 2011		4,348,983		$	3.57			0.79
Issued		1,276,280			9.36			0.75
Exercised		(112,451	)		3.16			1.32
Expired		(3,954,000	)		4.90			-
Balance, July 31, 2012		1,558,812			4.95			1.45
Issued		2,600,000			2.50			5.00
Expired		(1,008,812	)		7.06			-
Balance, July 31, 2013		3,150,000			2.25			4.55
Issued		1,859,524			2.60			3.00
Balance, July 31, 2014		5,009,524		$	2.38			3.08

Schedule Stock Options, Activity [Table Text Block]

								Weighted Average
		Number of Stock			Weighted Average			Remaining Contractual
		Options			Exercise Price			Term (Years)
Balance, July 31, 2011		8,579,750		$	1.79			7.40
Issued		1,372,521			3.00			9.29
Exercised		(272,625	)		1.93			6.21
Forfeited		(120,375	)		3.18			9.08
Balance, July 31, 2012		9,559,271			1.95			6.52
Issued		155,000			2.27			9.51
Exercised		(519,909	)		0.37			3.53
Expired		(42,673	)		5.37			-
Forfeited		(185,500	)		2.79			7.22
Balance, July 31, 2013		8,966,189			2.02			5.72
Exercised		(713,900	)		0.41			2.75
Expired		(41,575	)		4.85			-
Forfeited		(223,500	)		3.46			5.48
Balance, July 31, 2014		7,987,214		$	2.10			4.97

Schedule of Share Transaction, Activity [Table Text Block]

		Common			Value per Share
Period / Description		Shares Issued			Low			High			Issuance Value
Balance, July 31, 2011		73,487,337
Equity Financing		6,284,770		$	3.60		$	3.60		$	20,968,743
Mineral Property Acquisition		4,520,669			2.29			3.90			15,957,832
Options Exercised ⁽¹⁾		191,872			0.33			3.72			198,728
Database Acquisition		159,236			3.21			3.21			511,148
Settlement of Convertible Debentures		128,508			3.18			3.96			699,340
Warrants Exercised		112,451			3.10			4.25			355,392
Service Agreements		50,000			2.95			4.02			167,374
Settlement of Accounts Payable		40,312			3.93			3.93			158,426
Balance, July 31, 2012		84,975,155
Debt Financing		407,239			2.35			2.35			1,065,400
Options Exercised ⁽²⁾		459,891			0.33			0.45			46,464
Service Agreements		60,000			2.00			2.00			120,000
Everest Settlement Agreement		55,000			3.54			3.54			194,700
Yuty Settlement Agreement		75,000			2.54			2.54			190,500
Balance, July 31, 2013		86,032,285
Equity Financing		3,380,954			1.76			1.76			5,947,792
Extension Fees for Debt Amendment		100,000			1.74			1.74			174,347
Annual Fee Shares for Debt Facility		99,755			1.71			1.71			170,581
Bonus Adjustment Shares for Debt Facility		187,079			1.77			1.77			331,130
Service Agreements		635,303			1.06			2.41			1,101,932
Options Exercised ⁽³⁾		470,492			0.33			0.45			27,401
Share Bonuses		30,386			1.81			1.81			55,000
Advance Royalty for Workman Creek		30,304			1.15			1.15			34,850
Balance, July 31, 2014		90,966,558

Schedule of Options Outstanding and Exerciseable [Table Text Block]

		Options Outstanding						Options Exercisable
Range of Exercise Prices		Outstanding at			Weighted Average			Exercisable at			Weighted Average
		July 31, 2014			Exercise Price			July 31, 2014			Exercise Price
$0.33 to $0.70		2,001,191		$	0.41			2,001,191		$	0.41
$0.71 to $2.45		3,790,250			2.37			3,770,250			2.37
$2.46 to $5.90 ⁽¹⁾		2,195,773			3.19			2,192,440			3.19
		7,987,214		$	2.10			7,963,881		$	2.10

Schedule of Stock-Based Compensation Expense [Table Text Block]

		Year Ended July 31,
		2014			2013			2012
Stock-Based Consulting Fees
Common stock issued for consulting services	$	1,101,932		$	120,000		$	167,374
Common stock issued for Yuty Settlement Agreement		-			190,500			-
Options issued to consultants		74,992			297,400			763,848
		1,176,924			607,900			931,222
Stock-Based Management Fees
Common stock issued for bonuses		55,000			-			-
Options issued to management		-			-			834,219
		55,000			-			834,219
Stock-Based Wages and Benefits
Options issued to employees		82,321			407,887			1,144,062
		82,321			407,887			1,144,062

Stock-based compensation charged to inventory		(4,795	)		(53,872	)		(166,813	)
	$	1,309,450		$	961,915		$	2,742,690

Tabular disclosure of components of a stock option or other award plan under which equity-based compensation is awarded to employees, typically comprised of the amount of unearned compensation (deferred compensation cost), compensation expense, and changes in the quantity and fair value of the shares (or other type of equity) granted, exercised, forfeited, and issued and outstanding pertaining to that plan. Disclosure may also include nature and general terms of such arrangements that existed during the period and potential effects of those arrangements on shareholders, effect of compensation cost arising from equity-based payment arrangements on the income statement, method of estimating the fair value of the goods or services received, or the fair value of the equity instruments granted, during the period, cash flow effects resulting from equity-based payment arrangements and, for registrants that accelerate vesting of out of the money share options, reasons for the decision to accelerate.

+ References+ Details