| Warrants |
The following table summarizes the continuity
of warrants during the six-month periods ended August 31, 2019 and 2018:
| |
|
2019 |
|
|
2018 |
|
| |
|
Number of warrants |
|
|
Weighted average exercise price |
|
|
Number of warrants |
|
|
Weighted average exercise price |
|
| Outstanding, beginning of period |
|
|
802,469 |
|
|
$ |
10.74 |
|
|
|
140,667 |
|
|
$ |
12.00 |
|
| Issued |
|
|
4,253,230 |
|
|
|
10.91 |
|
|
|
- |
|
|
|
- |
|
| Exercised |
|
|
(15,432 |
) |
|
|
9.32 |
|
|
|
- |
|
|
|
- |
|
| Expired |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
| Outstanding, end of period |
|
|
5,040,267 |
|
|
$ |
10.89 |
|
|
|
140,667 |
|
|
$ |
12.00 |
|
The expiration dates of the warrants outstanding
as at August 31, 2019 are as follows:
| |
|
2019 |
|
| |
|
Number of warrants |
|
|
Weighted average exercise price |
|
| January 15, 2020 |
|
|
277,778 |
|
|
$ |
9.32 |
|
| January 21, 2020 |
|
|
9,259 |
|
|
|
9.32 |
|
| August 25, 2020 |
|
|
200,000 |
|
|
|
11.00 |
|
| October 5, 2020 |
|
|
159,663 |
|
|
|
8.55 |
|
| February 25, 2021 |
|
|
300,000 |
|
|
|
12.00 |
|
| June 14, 2022 |
|
|
4,093,567 |
|
|
|
11.00 |
|
| Outstanding, end of period |
|
|
5,040,267 |
|
|
$ |
10.89 |
|
|