Quarterly report pursuant to Section 13 or 15(d)

Convertible Debentures (Details)

v3.21.4
Convertible Debentures (Details)
1 Months Ended 3 Months Ended 12 Months Ended 13 Months Ended
Sep. 23, 2021
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Jul. 31, 2021
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Jul. 21, 2021
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Jul. 06, 2021
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Jun. 03, 2021
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May 20, 2021
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Apr. 13, 2021
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Sep. 23, 2020
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Aug. 07, 2020
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Jul. 07, 2020
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Jun. 03, 2020
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Dec. 04, 2019
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Oct. 15, 2018
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Dec. 23, 2021
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Nov. 17, 2021
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Sep. 22, 2021
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Jul. 24, 2021
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Jul. 09, 2021
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Jul. 06, 2021
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Jul. 02, 2021
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Apr. 23, 2021
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Apr. 22, 2021
Apr. 21, 2021
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Mar. 17, 2021
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Nov. 30, 2020
Sep. 22, 2020
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Aug. 26, 2020
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Mar. 30, 2020
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Jan. 16, 2020
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Nov. 26, 2019
Sep. 17, 2019
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Aug. 19, 2019
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Nov. 30, 2021
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a
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Nov. 30, 2020
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Aug. 31, 2021
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Aug. 30, 2021
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Jul. 02, 2022
Apr. 21, 2022
Nov. 10, 2021
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Oct. 15, 2021
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Sep. 21, 2021
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Aug. 07, 2021
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Jun. 24, 2021
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May 26, 2021
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Mar. 22, 2021
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Oct. 29, 2020
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Oct. 01, 2020
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Aug. 29, 2020
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Oct. 29, 2019
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Dec. 27, 2018
Sep. 17, 2018
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Convertible Debentures (Details) [Line Items]
Principal amount $ 125,000 $ 250,000
Original issue discount $ 8,375
Conversion price per share (in Dollars per share) | $ / shares $ 0.048 $ 0.055
Exercise price (in Dollars per share) | $ / shares $ 0.0412
Convertible shares (in Shares) | shares 0.094 0.094
Terms of debt conversion agreement, description On July 6, 2021, in terms of a debt conversion agreement entered into with Cavalry, the Company agreed to convert unpaid interest of $22,500 on the note entered into on October 12, 2018; and unpaid principal of $80,000 and unpaid interest of $30,560 on this convertible note; and unpaid principal of $25,000 on a convertible note entered into on August 7, 2020 into 1,681,488 shares of common stock at a conversion price of $0.094 per share for a total of 1,681,488 shares, which have not been issued as yet and are subject to TSXV approval.
Convertible loan $ 80,000 $ 80,000
Total shares (in Shares) | shares 9,101,942
Interest rate 10.00% 10.00%
Outstanding interest $ 60,258
Interest rate, amount $ 37,050
Debt conversion agreement description The debt conversion agreement included $21,840 of interest related to this September 2019 convertible note
Exercise price (in Dollars per share) | $ / shares $ 0.055
Maturity date Aug. 26, 2021
Warrant exercisable (in Shares) | shares 5,208,333 2,117,520
Common shares value $ 2,849,661
Warrant exercisable for common shares (in Shares) | shares 641,046 1,681,488
Conversion price per share (in Dollars per share) | $ / shares $ 0.08
Conversion price per share (in Dollars per share) | $ / shares $ 0.119
Aggregate principal $ 83,750
Bearing interest 24.00%
Aggregate principal amount 92,125
Principal amount outstanding $ 38,217
Net Proceeds 80,000
Convertible Debenture [Member]
Convertible Debentures (Details) [Line Items]
Principal amount $ 400,000 $ 480,000 $ 150,000
Original issue discount $ 25,000 80,000
Net proceeds $ 125,000 $ 374,980
Warrant exercisable common shares (in Shares) | shares 2,666,666
Exercise price | $ / shares $ 0.15
Convertible debenture interest 0.00% 3.30%
Conversion price per share (in Dollars per share) | $ / shares $ 0.0412 $ 0.055 $ 0.0412 $ 0.17
Exercise price (in Dollars per share) | $ / shares $ 0.0412
Convertible shares (in Shares) | shares 9,708,737
Terms of debt conversion agreement, description On July 6, 2021, in terms of a debt conversion agreement entered into with Cavalry, the Company agreed to convert unpaid interest of $22,500 on the note entered into on October 12, 2018; and unpaid principal of $80,000 and unpaid interest of $30,560 on the convertible note entered into on August 19, 2019; and unpaid principal of $25,000 on this convertible note, into 1,681,488 shares of common stock at a conversion price of $0.094 per share for a total of 1,681,488 shares, which have not been issued as yet and are subject to TSXV approval.
Convertible loan $ 25,000
Warrant exercisable common shares (in Shares) | shares 3,033,980
Converted shares of common stock (in Shares) | shares 439,209
Interest rate, amount $ 23,550
Maturity date Apr. 29, 2019
Warrant exercisable for common shares (in Shares) | shares 169,200
Convertible debenture $ 192,862
Cantone Asset Management, LLC [Member]
Convertible Debentures (Details) [Line Items]
Principal amount $ 300,000 $ 300,000 $ 240,000 $ 250,000
Original issue discount 40,000
Net proceeds 247,500 $ 200,000
Exercise price | $ / shares $ 0.12
Conversion price per share (in Dollars per share) | $ / shares $ 0.12 $ 0.0475 $ 0.21
Exercise price (in Dollars per share) | $ / shares $ 0.03 $ 0.26
Warrant exercisable common shares (in Shares) | shares 952,380
Interest rate 8.00% 18.00% 7.00%
Conversion price of common stock $ 250,000 $ 200,000
Conversion price (in Dollars per share) | $ / shares $ 0.037
Outstanding interest $ 22,660
Converted shares of common stock (in Shares) | shares 581,026
Interest rate, amount $ 14,160
Percentage of conversion price on common stock 7.00%
Description of convertible debenture $0.055
Exercise price (in Dollars per share) | $ / shares $ 0.08
Shares of common stock (in Shares) | shares 2,500,000
EMA Financial LLC [Member]
Convertible Debentures (Details) [Line Items]
Original issue discount $ 50,000
Description of convertible debenture the Company issued a convertible promissory note to EMA for the aggregate principal sum of $150,000, including an original issue discount of $15,000, for net proceeds of $130,500 after certain expenses. The note bears interest at 8% per annum and matures on April 22, 2021. The note may be prepaid subject to a prepayment penalty of 130%. The outstanding principal amount of the note is convertible at any time and from time to time at the election of the holder into shares of the Company’s common stock at a conversion price equal to the lower of; (i) the lowest trading price of the Company’s common stock during the 15 trading days including and immediately preceding the issue date; and (ii) 70% of the two lowest average trading prices during the fifteen prior trading days including and immediately preceding the conversion date.Between January 25, 2021 and March 2, 2021, EMA converted the aggregate principal sum of $161,880 into 5,200,000 common shares.
Stirling Bridge Resources [Member]
Convertible Debentures (Details) [Line Items]
Maturity date Dec. 23, 2021
Power Up Lending Group, Ltd. [Member]
Convertible Debentures (Details) [Line Items]
Principal amount $ 141,625 $ 114,125 92,125
Original issue discount 12,875 10,375 8,375
Net proceeds $ 125,000 $ 100,000 $ 80,000
Conversion price per share (in Dollars per share) | $ / shares $ 0.042
Interest rate 12.00% 12.00%
Converted shares of common stock (in Shares) | shares 439,209 4,545,454
Total amount $ 61,050
Conversion price percentage 75.00% 75.00% 75.00% 75.00%
Bearing interest 24.00%
Aggregate principal amount $ 103,750
Interest rate 12.00% 12.00%
Private lender [Member]
Convertible Debentures (Details) [Line Items]
Principal amount $ 200,000 $ 200,000
Exercise price | (per share) ؋ 0.12 $ 0.18
Interest rate 10.00%
Description of convertible debenture the Company issued a convertible debenture to a private lender in the aggregate principal amount of $120,000, for net proceeds of $100,000, after an OID of $20,000 The convertible debenture bears interest at 8% per annum and is convertible into common shares at a conversion price of $0.12 per share, maturing on July 24, 2023.
Warrant exercisable (in Shares) | shares 833,333 555,555
Petroleum Capital Funding LP. [Member]
Convertible Debentures (Details) [Line Items]
Principal amount $ 3,000,000
Original issue discount 500,000
Net proceeds $ 2,191,000
Exercise price | $ / shares $ 0.17 $ 0.17
Conversion price per share (in Dollars per share) | $ / shares $ 0.055
Interest rate, amount 21,600
Description of convertible debenture the Company concluded its second closing as contemplated by the term sheet entered into with PCF per (i) above and issued a convertible debenture in the aggregate principal amount of $432,000, including an OID of $72,000 for net proceeds of $318,600 after certain issue expenses. The convertible debenture bears interest at 10% per annum and the gross proceeds less the OID of $360,000 is convertible into common shares at a conversion price of $0.21 per share, and matures on December 4, 2023. On September 22, 2020, the Company entered into an Amending Agreement, whereby the conversion price of the convertible debenture was amended to $0.055 per share and the exercise price of the warrant exercisable for 1,558,730 shares was amended to $0.055 per share, in terms of the Amending Agreement the conversion price became $0.08 per share on September 22, 2021. the Company concluded its third closing as contemplated by the term sheet entered into with PCF per (i) above and issued a convertible debenture in the aggregate principal amount of $471,000, including an OID of $78,500 for net proceeds of $347,363 after certain issue expenses. The convertible debenture bears interest at 10% per annum and the gross proceeds less the OID of $392,500 is convertible into common shares at a conversion price of $0.21 per share, and matures on March 30, 2024. the Company issued a convertible debenture in the aggregate principal amount of $318,000, including an OID of $53,000 for net proceeds of $226,025 after certain issue expenses. The convertible debenture bears interest at 10% per annum and the gross proceeds less the OID of $265,000 is convertible into common shares at a conversion price of $0.21 per share, and matures on November 26, 2023. In conjunction with the convertible debenture, the Company issued a warrant exercisable for 1,558,730 common shares and a brokers warrant exercisable for 124,500 common shares, at an exercise price of $0.17 per share, expiring on November 26, 2023.
Exercise price (in Dollars per share) | $ / shares $ 0.12 $ 0.055
Brokers warrant exercisable (in Shares) | shares 392,500
Warrant exercisable (in Shares) | shares 20,833,333 2,117,520 4,906,250 4,906,250
Number of acres (in Acres) | a 8,000
Exchange rate (in Dollars per share) | $ / shares $ 0.4
Trading days 20
Common shares value $ 1,000,000
Total amount 61,050
Conversion price per share (in Dollars per share) | $ / shares $ 0.08
Expense allowances $ 309,000
Gross proceeds $ 2,500,000
Conversion price per share (in Dollars per share) | $ / shares $ 0.12
Cantone Asset Management, LLC [Member]
Convertible Debentures (Details) [Line Items]
Description of convertible debenture On October 15, 2018, the Company entered into an agreement with SBI Investments, LLC (“SBI”) whereby the Company issued 250 one year units for proceeds of $250,000, each debenture consisting of a $1,000 principal convertible unsecured debenture, bearing interest at 10% per annum and convertible into common shares at $0.86 per share, and a warrant exercisable for 1,162 shares of common stock at an exercise price of $0.86 per share, expiring on October 15, 2019. During December 2019, the maturity date of the convertible loan was extended to October 15, 2020 and the conversion price of the note was reset to $0.18 per share. On February 25, 2021, the Company repaid principal of $16,516 and interest thereon of $33,484, totaling $50,000 and on March 9, 2021, the Company repaid a further $49,232 of principal and interest of $768, totaling 50,000.
Morison Management S.A. [Member]
Convertible Debentures (Details) [Line Items]
Principal amount outstanding $ 184,251
SBI Investments, LLC [Member]
Convertible Debentures (Details) [Line Items]
Description of convertible debenture the Company entered into an agreement with SBI whereby the Company issued a convertible promissory note for $55,000 for gross proceeds of $50,000, bearing interest at 10% per annum and convertible into common shares at $0.14 per share. The convertible note matured on January 16, 2021. In conjunction with the convertible promissory note, the Company issued a warrant exercisable for 357,142 shares of common stock at an exercise price of $0.14 per share, which warrant expired unexercised on January 16, 2021.
Principal amount outstanding $ 55,000
Morison Management S.A [Member]
Convertible Debentures (Details) [Line Items]
Original issue discount $ 12,875 $ 10,375
Net proceeds $ 125,000 $ 100,000
Conversion price per share (in Dollars per share) | $ / shares $ 0.048
Interest rate 12.00%
Conversion price percentage 75.00% 75.00%
Aggregate principal amount $ 141,625 $ 83,750 $ 114,125
Interest rate 12.00%
Restricted rate per annum 24.00%
Bellridge Capital LP [Member]
Convertible Debentures (Details) [Line Items]
Conversion price per share (in Dollars per share) | $ / shares $ 0.055 $ 0.048 $ 0.055 $ 0.048
Aggregate principal $ 1,000,000 $ 2,900,000 $ 1,400,000
Principal amount outstanding $ 3,661,874
Interest accrued $ 525,203
Convertible debenture $ 1,321,689 2,400,000
Conversion of common shares (in Shares) | shares 24,030,713 52,727,273 29,166,667
Penalty interest thereon $ 827,066
Shares issued of common stock (in Shares) | shares 41,334,246
Debt Coversion [Member] | Convertible Debenture [Member]
Convertible Debentures (Details) [Line Items]
Interest rate, amount $ 15,900
Debt Coversion [Member] | Petroleum Capital Funding LP. [Member]
Convertible Debentures (Details) [Line Items]
Converted shares of common stock (in Shares) | shares 439,209
Total amount $ 61,050
Forecast [Member] | Cantone Asset Management, LLC [Member]
Convertible Debentures (Details) [Line Items]
Exercise price | $ / shares $ 0.055
Brokers warrant exercisable (in Shares) | shares 4,545,454
Minimum [Member] | Power Up Lending Group, Ltd. [Member]
Convertible Debentures (Details) [Line Items]
Percentage of prepayment penalties 110.00% 110.00% 110.00% 110.00%
Minimum [Member] | Morison Management S.A [Member]
Convertible Debentures (Details) [Line Items]
Percentage of prepayment penalties 110.00% 110.00%
Maximum [Member] | Power Up Lending Group, Ltd. [Member]
Convertible Debentures (Details) [Line Items]
Percentage of prepayment penalties 130.00% 130.00% 130.00% 130.00%
Maximum [Member] | Morison Management S.A [Member]
Convertible Debentures (Details) [Line Items]
Percentage of prepayment penalties 130.00% 130.00%
Common Stock [Member]
Convertible Debentures (Details) [Line Items]
Common shares value $ 2,849,661
Shares issued of common stock (in Shares) | shares 60,023,777
Common Stock [Member] | Bellridge Capital LP [Member]
Convertible Debentures (Details) [Line Items]
Conversion price per share (in Dollars per share) | $ / shares $ 0.055
Amending Agreement [Member] | Power Up Lending Group, Ltd. [Member]
Convertible Debentures (Details) [Line Items]
Conversion price per share (in Dollars per share) | $ / shares $ 0.042
Bearing interest 24.00%
Aggregate principal amount $ 128,750
Amending Agreement [Member] | Morison Management S.A [Member]
Convertible Debentures (Details) [Line Items]
Conversion price per share (in Dollars per share) | $ / shares $ 0.042
Aggregate principal amount $ 128,750
Restricted rate per annum 24.00%