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COMMON STOCK AND WARRANTS (Tables)

6 Months Ended

Sep. 30, 2016

Schedule of Stockholders' Equity Note, Warrants or Rights, Valuation Assumptions [Table Text Block]

	September 30, 2016
Stock price	$1.09 CAD
Exercise price	$1.50 CAD
Expected life	3.0 years
Expected volatility	83.83%
Risk-free interest rate	0.60%
Dividend rate	0.00%

Schedule of Stockholders' Equity Note, Options, Valuation Assumptions [Table Text Block]

	September 30, 2016
Stock price	$1.36 CAD
Exercise price	$1.00 CAD
Expected life	2.0 years
Expected volatility	126.76%
Risk-free interest rate	0.61%
Dividend rate	0.00%

Schedule of Warrants, Fair Values [Table Text Block]

	Six Months Ended September 30, 2016 $	Six Months Ended September 30, 2015 $
Fair value of warrants, beginning of the period	1,204,581	-
Issuance of warrants	-	532,523
Change in fair value of warrants during the period	835,848	( 496,669)

Fair value of warrants, end of the period	2,040,429	35,854

Schedule of Stockholders' Equity Note, Liability Warrants, Valuation Assumptions [Table Text Block]

	As of September 30, 2016	As of September 30, 2015
Stock price	$1.09	$0.61
Exercise price	$1.62	$2.97
Expected life	2.15 years	2.72 years
Expected volatility	91.69%	67.85%
Risk-free interest rate	0.77%	0.94%
Dividend rate	0%	0%

Schedule of Stockholders' Equity Note, Warrants or Rights, Activity [Table Text Block]

								Weighted Average Exercise
		Number of Warrants						Price
		CAD			US			CAD$			US$
Outstanding as of April 1, 2016		8,430,000			4,528,609		$	1.00		$	1.62
Granted		5,152,563			-			1.50			-
Granted (Agent Compensation)		501,832			-			1.00			-
Expired		(6,604,400	)		-			1.00			-
Exercised		(1,826,350	)		-			1.00			-
Outstanding as of September 30, 2016		5,653,645			4,528,609		$	1.46		$	1.62

Schedule of Stockholders' Equity Note, Warrants or Rights [Table Text Block]

Number of Warrants Outstanding	Exercise Price	Expiry Date
452,032	US $3.00	April 30, 2018
167,731	US $3.00	June 26, 2018
18,978	US $2.15	June 26, 2020
62,878	US $3.00	July 17, 2018
7,545	US $2.15	July 17, 2020
1,041,667	US $1.44	November 10, 2018
2,777,778	US $1.35	December 29, 2018
5,152,563	CAD $1.50	April 18, 2019
501,082	CAD $1.00	April 18, 2018

Tabular disclosure of warrants or rights issued. Warrants and rights outstanding are derivative securities that give the holder the right to purchase securities (usually equity) from the issuer at a specific price within a certain time frame. Warrants are often included in a new debt issue to entice investors by a higher return potential. The main difference between warrants and call options is that warrants are issued and guaranteed by the company, whereas options are exchange instruments and are not issued by the company. Also, the lifetime of a warrant is often measured in years, while the lifetime of a typical option is measured in months. Disclose the title of issue of securities called for by warrants and rights outstanding, the aggregate amount of securities called for by warrants and rights outstanding, the date from which the warrants or rights are exercisable, and the price at which the warrant or right is exercisable.

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