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AMALGAMATION (Tables)
 3 Months Ended
Mar. 31, 2023
Disclosure of detailed information about business combination [abstract]  
SUMMARY OF COST OF ACQUISITION

The costs of the acquisition have been allocated as follows:

 

      
FV of shares transferred  $77,431,152 
FV of options, warrants and agent warrants   9,665,577 
FV of preferred shares   31,516 
Settlement of pre-existing relationship – 15% warrant and shares*   (47,985,863)
      
Total FV of consideration transferred  $39,142,383 
      
Cash  $11,051,917 
Trade and other receivables   450,522 
Property, plant and equipment   14,111 
Trade payables and accrued liabilities   (1,548,582)
Net assets acquired   9,967,968 
      
Loss on acquisition   29,174,415 
Total Purchase Price  $39,142,383 
SCHEDULE OF FAIR VALUE ASSUMPTIONS OF OPTIONS AND WARRANTS

The fair value of NAN’s options and warrants as at August 3, 2022 was calculated using the following assumptions:

 

As of August 3, 2022  Warrants   Options 
Expected dividend yield   0%   0%
Share price of last financing  $0.48   $0.48 
Expected share price volatility   64.91% -113.22%   133.15% - 143.3%
Risk free interest rate   3.18%   2.85% - 3.08% 
Remaining life of warrants & options   0.03 - 2 years    2.56 – 4.23 years