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Interim Statement of Cash Flows (USD $)
9 Months Ended79 Months Ended
Aug. 31, 2011
Aug. 31, 2010
Aug. 31, 2011
CASH FLOWS FROM OPERATING ACTIVITIES   
Net loss for the period$ (697,811)$ (1,631,279)$ (17,072,461)
Items not requiring an outlay of cash:   
Issue of shares for professional services00584,500
Stock based compensation (included in general and administration expenses)0226,1875,556,406
Loss on cancellation of common stock0034,400
Amortization8,0896,73237,662
Amortization of debt discount11,419011,419
Amortization of deferred financing cost15,478015,478
Changes in non-cash working capital:   
Prepaid expenses and other(60,346)(32,808)(98,765)
Due to related parties037,4890
Accounts payable and accrued liabilities(293,086)[1]330,303494,555[1]
NET CASH USED IN OPERATING ACTIVITIES(1,016,257)(1,063,376)(10,436,806)
CASH FLOWS FROM INVESTING ACTIVITIES   
Acquisition of plant and equipment00(58,773)
NET CASH USED IN INVESTING ACTIVITIES00(58,773)
CASH FLOWS FROM FINANCING ACTIVITIES   
Stock subscriptions received160,000415,000190,000
Net proceeds from issuance of common shares0827,5009,629,150
Proceeds from convertible debentures678,3280678,328
Cancellation of common stock00(50,000)
Advances from a non related party000
Exercise of stock options010,800117,500
NET CASH PROVIDED BY FINANCING ACTIVITIES838,3281,253,30010,564,978
NET INCREASE (DECREASE) IN CASH FOR THE PERIOD(177,929)189,92469,399
Cash, beginning of period247,32855,4310
CASH, END OF PERIOD69,399245,35569,399
INCOME TAXES PAID000
INTEREST PAID$ 0$ 0$ 0
[1]Excludes the credit of $35,160 to accrued liability resulting from deferred financing (a non cash item)