CAPITAL STOCK (Tables)

9 Months Ended

Apr. 30, 2016

Equity [Abstract]

Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]

The share purchase warrants were valued using the Black-Scholes option pricing model with the following assumptions:

Expected Risk Free Interest Rate	1.11	%
Expected Annual Volatility	74.34	%
Expected Contractual Life in Years	3.00
Expected Annual Dividend Yield	0.00	%

Schedule of Stockholders Equity [Table Text Block]

The net proceeds from the 2014 Shelf equity financing were allocated to the fair values of the shares and share purchase warrants as presented below:

Fair Value of Shares	$	10,015,410
Fair Value of Share Purchase Warrants		1,938,995
Total Fair Value Before Allocation to Net Proceeds	$	11,954,405
Gross Proceeds	$	10,510,000
Share Issuance Costs - Cash		(525,482)
Net Cash Proceeds Received	$	9,984,518
Relative Fair Value Allocation to:
Shares	$	8,365,038
Share Purchase Warrants		1,619,480
	$	9,984,518

Schedule of Share Transactions [Table Text Block]

A summary of the Company’s share transactions for the three and nine months ended April 30, 2016 are as follows:

	Common		Value per Share				Issuance
Period / Description	Shares Issued		Low		High		Value
Balance, July 31, 2015		97,834,087
Bonus Shares for Credit Facility		752,320	$	1.20	$	1.20	$	900,000
Consulting Services		274,982		1.03		1.38		305,594
Share Compensation		33,315		1.00		1.12		35,264
Balance, October 31, 2015		98,894,704
Consulting Services		581,421		0.72		1.12		608,179
Share Compensation		71,588		1.06		1.08		76,236
Options Exercised		682,167		0.33		0.33		225,115
Balance, January 31, 2016		100,229,880
Second Extension Fee Shares for Credit Facility		959,613		0.83		0.83		800,000
Settlement of Current Liabilities		487,574		0.93		0.93		453,444
Equity Financing		12,364,704		0.85		0.85		10,510,000
Asset Acquisition		1,333,560		0.92		0.92		1,226,875
Consulting Services		514,440		0.73		0.93		424,316
Share Compensation		202,884		0.75		0.96		167,830
Balance, April 30, 2016		116,092,655

Schedule of Stockholders' Equity Note, Warrants or Rights [Table Text Block]

A summary of share purchase warrants outstanding and exercisable at April 30, 2016 are as follows:

	Weighted Average Exercise Price	Number of Warrants Outstanding		Expiry Date	Weighted Average Remaining Contractual Life (Years)
$	1.20		6,594,348	March 10, 2019	2.86
	1.35		2,600,000	January 30, 2020	3.75
	1.95		50,000	June 3, 2018	2.09
	2.12		2,850,000	June 25, 2018	2.15
	2.60		1,859,524	October 23, 2016	0.48
$	1.61		13,953,872		2.56

Schedule of Share based Compensation Arrangement by Share based Payment Award Options Grants in Period Activity [Table Text Block]

A summary of stock options granted by the Company during the nine months ended April 30, 2016, including corresponding grant date fair values and assumptions using the Black Scholes option pricing model is as follows:

	Options		Exercise		Term		Fair		Expected		Risk-Free			Dividend			Expected
Date	Issued		Price		(Years)		Value		Life (Years)		Interest Rate			Yield			Volatility
August 7, 2015		105,000	$	1.32		5	$	68,824		2.90		1.04	%		0.00	%		77.17	%
October 14, 2015		1,000,000		1.14		5		563,195		2.90		0.81	%		0.00	%		77.01	%
January 12, 2016		300,000		0.98		5		145,902		2.90		1.15	%		0.00	%		76.96	%
Total		1,405,000					$	777,921

Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]

A continuity schedule of outstanding stock options for the underlying common shares for the nine months ended April 30, 2016 is as follows:

	Number of Stock Options		Weighted Average Exercise Price
Balance, July 31, 2015		10,581,975	$	1.38
Issued		1,105,000		1.16
Forfeited		(5,000)		1.32
Balance, October 31, 2015		11,681,975		1.36
Issued		300,000		0.98
Exercised		(682,167)		0.33
Forfeited		(180,000)		1.32
Expired		(1,950)		5.90
Balance, January 31, 2016		11,117,858		1.42
Forfeited		(72,500)		1.81
Balance, April 30, 2016		11,045,358	$	1.41

Schedule of Share-based Compensation, Shares Authorized under Stock Option Plans, by Exercise Price Range [Table Text Block]

A summary of stock options outstanding and exercisable at April 30, 2016 is as follows:

	Options Outstanding						Options Exercisable
			Weighted		Weighted Average				Weighted		Weighted Average
			Average		Remaining				Average		Remaining
Range of	Outstanding at		Exercise		Contractual Term		Exercisable at		Exercise		Contractual Term
Exercise Prices	April 30, 2016		Price		(Years)		April 30, 2016		Price		(Years)
$0.45 to $0.96		1,269,634	$	0.47		1.56		1,269,634	$	0.47	1.56
$0.97 to $2.45		8,840,000		1.35		3.54		8,057,500		1.37	3.44
$2.46 to $5.70		935,724		3.29		4.09		935,724		3.29	4.09
		11,045,358	$	1.41		3.36		10,262,858	$	1.44	3.27

Schedule Of Stock based Compensation Expense [Table Text Block]

A summary of stock-based compensation expense is as follows:

	Three Months Ended April 30				Nine Months Ended April 30
	2016		2015		2016		2015
Stock-Based Compensation for Consultants
Common stock issued for consulting services	$	470,549	$	502,854	$	1,429,324	$	1,380,279
Stock options issued to consultants		(4,461)		346,995		66,317		721,430
		466,088		849,849		1,495,641		2,101,709
Stock-Based Compensation for Management
Common stock issued to management		45,299		-		81,495		-
Stock options issued to management		195,464		263,306		640,789		1,424,585
		240,763		263,306		722,284		1,424,585
Stock-Based Compensation for Employees
Common stock issued to employees		76,299		-		106,602		-
Stock options issued to employees		15,710		204,723		163,124		1,102,250
		92,009		204,723		269,726		1,102,250
	$	798,860	$	1,317,878	$	2,487,651	$	4,628,544