SHARE CAPITAL |
6 Months Ended |
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Jun. 30, 2021 | |
| Equity [Abstract] | |
| SHARE CAPITAL |
7. SHARE CAPITAL
On March 29, 2021, the Company issued common shares with a fair value of $179,700 against consulting services from a third party.
On May 10, 2021, the Company declared, and on May 11, 2021 issued, common shares as stock dividend to holders of Series A Preferred shares issued on May 2, 2019.
On May 10, 2021, the Company declared, and on May 11, 2021 issued, common shares as stock dividend to holders of Series A Preferred shares issued on May 10, 2019.
On May 27, 2021, the Company issued to consultants a total of common shares.
On May 27, 2021, the Company issued common shares as a result of stock options exercised on a cashless basis at various exercise prices.
On May 28, 2021, the Company’s officers opted to receive a total of common shares as bonus compensation for services rendered and accrued for in 2019 and 2020.
On May 31, 2021, the Company granted a total of stock options to directors, officers, employees, and consultants of the Company. The stock options will vest over the next following the grant date with the first vesting date of three-month anniversary after the grant date. The stock options are exercisable for a period at an exercise price of $. The fair value of the options was estimated at $million determined using the Black-Scholes option pricing model was based on the following assumptions; stock price $, dividend yield – nil, expected volatility %, risk free rate of return %, expected term of years.
On June 24, 2021, the Company issued to a consultant working with the senior secured debentures holders, a total of common shares on their behalf, for the term extension of the Bride Loan (see Note 5).
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