| Summary of Changes in Warrants |
A
continuity of the Company’s outstanding share purchase warrants for the nine months ended September 30, 2022 and the year ended
December 31, 2021 is presented below:
Summary of Changes in Warrants
| | |
Number
of
warrants | | |
Weighted
average exercise price | |
| Outstanding,
December 31, 2020 | |
| 35,865,312 | | |
| 0.10 | |
| Issued | |
| 14,017,663 | | |
| 0.10 | |
| Exercised | |
| (31,270,314 | ) | |
| 0.09 | |
| Expired | |
| (10,768,332 | ) | |
| 0.13 | |
| Outstanding,
December 31, 2021 | |
| 7,844,329 | | |
$ | 0.10 | |
| Issued | |
| 103,935,189 | | |
| 0.34 | |
| Exercised | |
| (3,910,750 | ) | |
| 0.13 | |
| Outstanding,
September 30, 2022 | |
| 107,868,768 | | |
$ | 0.33 | |
|
| Schedule of Purchase Warrants Outstanding |
At
September 30, 2022, the Company had the following outstanding share purchase warrants:
Schedule of Purchase Warrants Outstanding
| Outstanding | | |
Exercise
Price | | |
Expiry
Date |
| | 1,000,000 | | |
| 0.16
USD | | |
March
4, 2023 |
| | 50,000 | | |
| 0.32
USD | | |
June
6, 2023 |
| | 1,962,999 | | |
| 0.07
USD | | |
September
8, 2023 |
| | 1,200,000 | | |
| 0.09
USD | | |
September
8, 2023 |
| | 358,080 | | |
| 0.08
USD | | |
September
8, 2023 |
| | 660,000 | | |
| 0.10
USD | | |
September
30, 2023 |
| | 21,705,438 | | |
| 0.33
USD | | |
March
15, 2024 |
| | 3,383,939 | | |
| 0.33
USD | | |
March
16, 2024 |
| | 2,954,545 | | |
| 0.33
USD | | |
March
17, 2024 |
| | 10,614,123 | | |
| 0.33
USD | | |
March
18, 2024 |
| | 21,431,754 | | |
| 0.33
USD | | |
March
24, 2024 |
| | 2,653,000 | | |
| 0.33
USD | | |
March
28, 2024 |
| | 36,268,450 | | |
| 0.36
USD | | |
June
29, 2025 |
| | 3,001,440 | | |
| 0.23
USD | | |
June
29, 2025 |
| | 625,000 | | |
| 0.36
USD | | |
June
29, 2025 |
| | 107,868,768 | | |
| | | |
|
|
| Schedule of Warrant Derivative Liability |
The
following is a continuity of the Company’s derivative warrant liability:
Schedule of Warrant Derivative Liability
| | |
Total | |
| Balance,
January 1 and December 31, 2020 | |
$ | 1,804,572 | |
| Issued
during the period | |
| 621,500 | |
| Extinguished
during the period | |
| (479,535 | ) |
| Change
in fair value of derivative | |
| (1,473,638 | ) |
| Balance,
December 31, 2021 | |
$ | 472,899 | |
| Effect
of change in functional currency | |
| (309,737 | ) |
| Change
in fair value of derivative | |
| 294,373 | |
| Foreign
currency translation | |
| (31,924 | ) |
| Balance,
September 30, 2022 | |
$ | 425,611 | |
|