The following table summarizes the continuity of the
Company’s warrants:
| |
|
Number of
warrants |
|
|
Weighted
average
exercise
price
$ |
|
| |
|
|
|
|
|
|
| Balance, February 28, 2018 |
|
|
2,020,000 |
|
|
|
3.51 |
|
| |
|
|
|
|
|
|
|
|
| Expired |
|
|
(2,020,000 |
) |
|
|
3.51 |
|
| |
|
|
|
|
|
|
|
|
| Balance, February 28, 2019 |
|
|
— |
|
|
|
— |
|
| |
|
|
|
|
|
|
|
|
| Issued |
|
|
40,000 |
|
|
|
0.40 |
|
| Extended* |
|
|
2,000,000 |
|
|
|
3.50 |
|
| Expired |
|
|
(20,000 |
) |
|
|
0.40 |
|
| |
|
|
|
|
|
|
|
|
| Balance, February 28, 2020 |
|
|
2,020,000 |
|
|
|
3.47 |
|
The following table summarizes information about warrants
outstanding and exercisable at February 29, 2020:
| Exercise price |
|
|
Expiry |
|
|
Warrants |
|
|
Weighted average
remaining contracted life |
|
| $ |
|
|
date |
|
|
outstanding |
|
|
(years) |
|
| |
|
|
|
|
|
|
|
|
|
|
| |
0.40 |
|
|
|
March 15, 2020 |
|
|
|
20,000 |
|
|
|
0.04 |
|
| |
3.50 |
|
|
|
December 6, 2020 |
|
|
|
2,000,000 |
|
|
|
0.77 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
2,020,000 |
|
|
|
0.76 |
|
|