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Supplemental Cash Flow Information
 12 Months Ended
Sep. 30, 2014
Supplemental Cash Flow Information [Text Block]
Note 11

Supplemental Cash Flow Information

   
 

Investing and financing activities that do not have a direct impact on current cash flows are excluded from the statement of cash flows.
   
 

During the year ended September 30, 2014;

  a)

the Company reclassified an amount of $221,000 into equity upon modification of the terms of certain derivative instruments.

     
  b)

the Company issued 6,378,426 shares of common stock of the Company pursuant to the conversion of $1,913,528 face value of convertible debentures at $0.30 per share;

     
  c)

the Company issued 2,561,713 shares of common stock of the Company at a fair value of $551,120 pursuant to the conversion of convertible debentures at a conversion price of $0.25 per share.

   
  During the year ended September 30, 2013;

  a)

the Company issued three promissory notes in the principal amounts of $100,000, $87,865 (CDN$86,677) and $28,017 (CDN$27,639) in exchange for accounts payable owing to three vendors in respect of unpaid consulting fees.

     
  b)

The Company issued 4,208,910 units of the Company at their fair value of $1.02 per unit to settle (i) interest bearing notes payable outstanding in the amount of $549,000 ; (ii) accrued interest in connection with the notes payable of $26,058 included in accounts payable and accrued liabilities; and (iii) accounts payable of $1,108,506. Each unit consisted of one common share and one common share purchase warrant exercisable into one additional common share for $0.75 per share until July 5, 2018. In addition, in connection with the settlement of $11,449 of accrued interest with respect to the notes payable was forgiven. The Company recorded a loss on debt settlement of $1,472,208 as a result of this transaction.