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Commitments (Tables)

9 Months Ended

Jun. 30, 2016

Commitments and Contingencies Disclosure [Abstract]

Schedule of purchase warrants outstanding

A summary of the Company’s share purchase warrants outstanding is presented below:

		Number of Shares				Weighted Average  Exercise Price
Balance, October 1, 2014			18,728,910			$	1.59
Expired			(62,500	)		$	1.40
Exercised			(15,468,520	)		$	1.43
Issued			1,075,000			$	0.76
Balance, September 30, 2015			4,272,890			$	2.11
Exercised			(2,463,581	)		$	1.67
Balance, June 30, 2016			1,809,309			$	2.70

Schedule of exercisable share purchase warrants outstanding

At June 30, 2016, the Company has 1,809,309 currently exercisable share purchase warrants outstanding as follows:

Number				Exercise Price				Expiry Date
	1,462,180			$	3.00			July 5, 2018
	30,000			$	4.00			February 24, 2019
	277,127			$	1.20			March 13, 2019
	1,252			$	1.68			March 13, 2019
	12,500			$	1.24			May 31, 2019
	26,250			$	1.00			May 31, 2019
	1,809,309

Schedule of outstanding stock purchase options

A summary of the status of Company’s outstanding stock purchase options for the nine months ended June 30, 2016 and for the year ended September 30, 2015 is presented below:

		Number of Shares				Weighted Average Exercise Price				Weighted Average Grant Date fair value
Outstanding at October 1, 2014			792,500			$	2.82
Forfeited			(67,500	)		$	12.00
Granted			1,097,500			$	2.02			$	1.66
Outstanding at September 30, 2015			1,822,500			$	2.00
Forfeited			-			$	-
Granted			113,750			$	5.68			$	4.72
Expired			(25,000	)		$	14.68
Outstanding at June 30, 2016			1,911,250			$	2.05
Exercisable at June 30, 2016			1,244,817			$	1.66
Exercisable at September 30, 2015			825,002			$	1.78

Schedule of stock options outstanding

At June 30, 2016, the following stock options were outstanding:

Number of Shares												Aggregate				Remaining
		Number				Exercise						Intrinsic				Contractual
Total		Vested				Price				Expiry Date		Value				Life (yrs)
500,000			500,000			$	1.60			July 5, 2023			2,255,000				7.01
75,000			50,000			$	1.20			May 7, 2024			368,250				7.85
125,000			62,500			$	1.32			May 8, 2024			598,750				7.85
718,750			479,170			$	0.92			April 2, 2025			3,730,313				8.76
50,000			16,667			$	1.44			June 8, 2025			233,500				8.94
50,000			16,667			$	1.68			June 15, 2025			217,500				8.96
278,750			92,917			$	5.04			September 18, 2025			298,263				9.22
1,500			1,500			$	5.64			September 30, 2025			705				9.25
31,250			7,813			$	5.68			October 2, 2025			13,438				9.26
25,000			6,250			$	8.98			October 16, 2025			-				9.30
1,500			1,500			$	5.57			December 31, 2025			810				9.50
1,500			-			$	4.90			March 31, 2026			1,815				9.75
1,500			1,500			$	5.66			April 27, 2026			2,160				9.82
50,000			8,333			$	4.09			May 18, 2026			101,000				9.88
1,500			-			$	6.11			June 30, 2026			-				10.00
1,911,250			1,244,817									$	7,821,503

Schedule of weighted average assumptions for fair value of each option award

The fair value of each option award is estimated on the date of grant using the Black Scholes option pricing model based on the following weighted average assumptions:

		June 30,
		2016				2015
Risk-free interest rate			1.67	%			1.53	%
Expected life of options (years)			6.63				6.03
Annualized volatility			105.21	%			97.86	%
Dividend rate			0.00	%			0.00	%

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Tabular disclosure of the total intrinsic value of options exercised (or share units converted), share-based liabilities paid, and the total fair value of shares vested during the year.

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