SUPPLEMENTAL CASH FLOW INFORMATION

9 Months Ended

Apr. 30, 2017

Supplemental Cash Flow Elements [Abstract]

Cash Flow, Supplemental Disclosures [Text Block]

NOTE 14: SUPPLEMENTAL CASH FLOW INFORMATION

During the nine months ended April 30, 2017 and 2016, we issued 559,623 and 1,370,843 restricted shares with a fair value of $694,170 and $1,338,091, respectively, for consulting services.

During the nine months ended April 30, 2017 and 2016, we issued 670,425 and 307,787 shares with a fair value of $725,364 and $279,330, respectively, as compensation to certain management, employees and consultants of the Company under the Stock Incentive Plan.

During the nine months ended April 30, 2017 and 2016, we paid $1,213,333 and $1,217,778, respectively, in cash for interest on our long-term debt.

During the nine months ended April 30, 2017 and 2016, we issued 151,679 and 487,574 shares with a fair value of $175,060 and $453,444, respectively, as settlement of certain of the Company’s accounts payable.

During the nine months ended April 30, 2017, we issued 46,800 restricted shares with a fair value of $48,672 as an advance royalty payment for our Workman Creek Project.

During the nine months ended April 30, 2017, we issued 738,503 shares with a fair value of $1,100,000 as payment of anniversary fees to our Lenders.

During the nine months ended April 30, 2016, we issued 1,333,560 restricted common shares and paid $50,000 in cash as consideration to acquire all of the issued and outstanding shares of JDL.