Quarterly report pursuant to Section 13 or 15(d)

Capital Stock

v3.2.0.727
Capital Stock
 3 Months Ended
Aug. 31, 2015
Capital Stock [Text Block]
6.

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 November 5, 2014.

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.

As at May 31, 2015, Lexaria Corp. has 39,682,984 shares issued and outstanding and 18,036,533 warrants issued and outstanding.

The following table summarizes warrant existence in the period ended May 31, 2015:

            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, May 31, 2015   18,039,533   $ 0.25