Annual report pursuant to Section 13 and 15(d)

Share Capital (Tables)

v3.10.0.1
Share Capital (Tables)
12 Months Ended
Sep. 30, 2018
Class of Warrant or Right [Line Items]  
Schedule of Stockholders Equity [Table Text Block]
The Company had the following transactions in share capital:
 
 
 
Years Ended
 
 
 
September 30,
 
 
September 30,
 
 
 
2018
 
 
2017
 
 
 
 
 
 
 
 
Number of common shares issued
 
 
3,827,845
 
 
 
54,834
 
 
 
 
 
 
 
 
 
 
Issuance of common shares
 
$
5,493,130
 
 
$
-
 
Issuance of common shares upon exercise of warrants
 
 
4,650,659
 
 
 
-
 
Issuance of performance shares
 
 
-
 
 
 
1,070,909
 
 
 
 
 
 
 
 
 
 
Share issuance costs
 
 
(1,371,621
)
 
 
 
 
Fair value of placement agent warrants
 
 
(470,912
)
 
 
 
 
Schedule of Stockholders' Equity Note, Warrants or Rights [Table Text Block]
A summary of the Company’s warrants activity is as follows:
 
 
 
Number of

Warrants
 
 
Weighted

Average

Exercise Price
 
 
 
 
 
 
 
 
Balance - September 30, 2017
 
 
180,805
 
 
$
31.50
 
 
 
 
 
 
 
 
 
 
Granted
 
 
5,665,528
 
 
 
2.68
 
Granted pre-funded warrants
 
 
687,076
 
 
 
.01
 
Exercised
 
 
(1,752,373
)
 
 
2.65
 
Exercised pre-funded warrants
 
 
(687,076
)
 
 
.01
 
 
 
 
 
 
 
 
 
 
Balance - September 30, 2018
 
 
4,093,960
 
 
$
3.96
 
Schedule Of Warrants Outstanding [Table Text Block]
The following table summarizes information about the warrants outstanding at September 30, 2018:
 
Exercise Price
 
 
Number of

Warrants
 
 
Expiry Date
 
 
 
 
 
 
 
$
2.65
 
 
 
2,044,152
 
 
December 2018
 
31.50
 
 
 
180,805
 
 
January 2022
 
2.65
 
 
 
1,645,175
 
 
May 2023
 
3.31
 
 
 
223,828
 
 
May 2023
 
 
 
 
 
 
 
 
 
 
 
 
 
 
4,093,960
 
 
 
Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]
Options have been granted under the Incentive Plan allowing the holders to purchase common shares of the Company as follows:
 
 
 
Number of

Options
 
 
Weighted

Average

Exercise Price
 
 
 
 
 
 
 
 
 
 
 
 
Balance - September 30, 2017
 
 
58,711
 
 
$
40.18
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Granted
 
 
29,426
 
 
 
5.88
 
 
 
Expired
 
 
(2,266
)
 
 
84.87
 
 
 
Expired
 
 
(15,373
)
 
 
42.07
 
 
CDN $
 
 
 
 
 
 
 
 
 
 
 
Balance - September 30, 2018
 
 
70,498
 
 
$
25.42
 
 
 
Schedule of Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding [Table Text Block]
The following table summarizes information about the options under the Incentive Plan outstanding and exercisable at September 30, 2018:
 
Number of 

Options
   
Exercisable at 

September 30, 2018
   
Range of exercise prices
 
Expiry Dates
  13,479       13,479     CDN$15.00 - 35.00  
Apr 2019
-
Dec 2019
  40,046       17,326     $5.00 - 20.00  
Sep 2023
-
Mar 2025
  7,571       7,571     CDN$40.00 - 70.00  
May 2020
-
Jun 2022
  2,114       2,114     $50.00 - 60.00  
Dec 2022
  3,073       3,073     CDN$105.00 - 140.00  
Nov 2018
-
Nov 2021
  4,215       4,215     $120.00 - 130.00  
Nov 2020
  70,498       47,778          
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]
The estimated fair value of the share options granted was determined using a Black-Scholes option valuation model with the following weighted average assumptions:
 
 
 
Years Ended
 
 
 
September 30,
 
 
September 30,
 
 
 
2018
 
 
2017
 
Risk free interest rate
 
 
2.13
%
 
 
1.44
%
Expected life (years)
 
 
7.00
 
 
 
7.00
 
Expected share price volatility
 
 
155
%
 
 
166
%
Expected dividend yield
 
 
0
%
 
 
0
%
Warrants Granted [Member]  
Class of Warrant or Right [Line Items]  
Fair Value Measurement Inputs and Valuation Techniques [Table Text Block]
The fair value of placement agent warrants granted was determined using the Black-Scholes option valuation model, using the following weighted average assumptions at the date of the grant: 
 
 
 
Year Ended
 
 
 
 
September 30,
 
 
 
 
2018
 
 
Risk free interest rate
 
 
2.21
%
 
Expected life (years)
 
 
5.0
 
 
Expected share price volatility
 
 
173
%
 
Expected dividend yield
 
 
0
%