Annual report pursuant to Section 13 and 15(d)

Capital Stock

v3.3.0.814
Capital Stock
 12 Months Ended
Aug. 31, 2015
Capital Stock [Text Block]
5.

Capital Stock

Share Issuances

On July 14, 2014, the Company accepted Mr, Chris Hornung’s resignation with respect to his contract dated, April 24, 2014, whereby, the Company had entered into a one year consulting contract with 2342878 Ontario Inc. wholly owned company by Chris Hornung as Assistant Manager. Upon signing of the contract of acceptance the Company issued 110,000 common shares at a deemed price of $0.32. The Company’s 110,000 restricted common shares that were issued have also been cancelled and returned back to treasury .

On September 26, 2014, the Company accepted and received gross proceeds of $45,780 for private placement at $0.15 per unit into 305,000 common shares of the Company and 305,200 warrants at $0.25 expiring March 26, 2016.

On December 12, 2014, the Company issued 119,047 common shares of the Company at a price of $0.105 per common share to each of Marian Washington and Michelle Reillo as per the terms of the ViPova agreement.

On May 14, 2015, the Company accepted and received gross proceeds of $500,000 for private placement at $0.10 per unit into 5,000,000 common shares of the Company and 5,000,000 warrants at $0.25 expiring May 14, 2017. A cash finders’ fee for $32,900 was paid to GMP Securities, Mackie Research and Peter Przygoda.; and 329,000 broker warrants with an exercise price of $0.20 for a period of twenty four months were issued to GMP, Mackie Research and Peter Przygoda. Cash finders fee in the amount of $4,899 from Peter Przygoda was returned in August, 2015 and his broker warrants were adjusted to 108,500.

On June 8, 2015, the Company issued 250,000 common shares valued at $50,000 at $0.19 per share to Ron Keleher ( 50,000 common shares) and Scott Urquart ( 200,000 common shares) with respect to agreements signed on April 2, 2015 and May 27, 2015

On June 11, 2015, 500,000 restricted shares of the Company that were issued to Enertopia Corp. were returned back to treasury and cancelled.

On August 17, 2015, the Company issued 420,000 common shares of the Company at a price of $0.19 per common share to Docherty Management Limited as per the terms of the consulting agreement.

As at August 31, 2015, Lexaria Corp. has 39,852,984 shares issued and outstanding and 18,036,533 warrants issued and outstanding.

The following table summarizes warrant activity for the year ended August 31, 2015 and 2014:

          Weighted Average  
    Number of Shares     Exercise Price  
Balance, October 31, 2013   -   $   -  
Granted warrants with expiry date of November 1, 2015   500,000     0.10  
Granted warrants with expiry date of September 21, 2015   10,600,000     0.25  
Granted warrants with expiry date of April 1, 2015   552,380     0.40  
Granted warrants with expiry date of February 12, 2016   1,302,333     0.25  
Balance, August 31, 2014   12,954,713   $ 0.25  
Warrants expired April 1, 2015   (552,380 )   0.40  
Granted warrants with expiry date of March 26, 2016   305,200     0.25  
Granted warrants with expiry date of May 14, 2017   5,000,000     0.25  
Granted warrants with expiry date of May 14, 2017   329,000     0.20  
Balance, August 31, 2015   18,036,533   $ 0.25