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Da werden noch viele billig ausgegebene Warrents in kommender Zeit fällig, mit denen andere beazhlt wurden, z.B. Adveetisment,,,, und denen ist es egal was sie dafür bekommen ,,, bei Warrents von 0,10 cent ,,, wird eine Flut ausgelöst, und ich halte Kurse von kleiner 0,1 cent für möglich,,, vlt gehen die auch kaputt... TRANSCANNA HOLDINGS INC. Notes to the Consolidated Financial Statements For the year ended November 30, 2018 7. RELATED PARTY TRANSACTIONS (Continued) The performance warrants were valued using the Black-Scholes Option Pricing Model and the following input assumptions: Weighted fair value of finders warrants issued $ 0.33 Risk-free interest rate 1.56% Estimated life 3.46 years Expected volatility 100% Expected dividend yield 0% As part of payments for the Royalty Agreement, the Company issued 1,082,473 shares at $0.50 per share to LDS (Note 4) with a fair value of $541,237 recognized as research and development expense. 8. CAPITAL STOCK Common Shares Authorized: unlimited number of common voting shares without nominal or par value. During the year ended November 30, 2018, the Company: - issued 2,160,000 common shares at a price of $0.10 per share for proceeds of $216,000. - issued 360,000 common shares at a price of $0.25 per share for proceeds of $90,000. - issued 1,400,000 units at a price of $0.50 per unit for proceeds of $700,000. Each unit consisted of one common share and warrant entitling the holder to purchase one additional common share at a price of $1.00 per share until April 20, 2020. In connection with these units, the Company issued 125,000 finder’s units with a fair value of $85,246, of which $62,500 were recorded as fair value of shares issued. - issued 1,082,473 shares at a fair value of $0.50 per share to LDS as part payment for the Royalty Agreement to use the track and trace software for a fair value of $541,237 (Note 4). - on August 9, 2018, the Company engaged a financial advisor to assist with financing. The advisor will be engaged for three months beginning in August and be paid 100,000 shares of the Company’s common stock. In relation, the Company issued 100,000 shares at a fair value of $0.50 per share to the advisor as compensation for services, for a fair value of $50,000 recorded as consulting expense. - on September 25, 2018, the Company engaged a marketing advisor to assist with marketing. The advisor will be engaged for two months beginning in September and be paid 25,000 shares of the Company’s common stock. In relation, the Company issued 25,000 shares at a fair value of $0.50 per share to the advisor as compensation for services, for a fair value of $12,500 recorded as consulting expense. - on October 3, 2018, the Company engaged a marketing advisor to assist with marketing. The advisor will be engaged for two months beginning in October and be paid 25,000 shares of the Company’s common stock. In relation, the Company issued 12,500 shares at a fair value of $0.50 per share to the advisor as compensation for services in October for a fair value of $6,250 recorded as consulting expense. In addition, the Company recognized an obligation to issue shares for a further 12,500 shares with a fair value of $6,250 in obligation to issue shares, which were issued subsequently. - on November 1, 2018, the Company engaged a marketing advisor. The advisor will be engaged for two months beginning in November and be paid 50,000 shares of the Company’s common stock. The Company recognized an obligation to issue shares for 25,000 shares with a fair value of $12,500 in obligation to issue shares, which were issued subsequently. TRANSCANNA HOLDINGS INC. Notes to the Consolidated Financial Statements For the year ended November 30, 2018 8. CAPITAL STOCK (continued) Common Shares (continued) The finders’ warrants issued as part of the finders’ units were valued using the Black-Scholes Option Pricing Model and the following input assumptions: Weighted fair value of finders’ warrants issued $ 0.18 Risk-free interest rate 1.92% Estimated life 2 years Expected volatility 100% Expected dividend yield 0% During the period from October 26, 2017 (date of incorporation) to November 30, 2017, the Company: - issued 1 share for proceeds of $1 on incorporation, which was subsequently repurchased by the Company. - issued 3,000,000 common shares at a price of $0.005 per share for total gross proceeds of $15,000 to related parties. The shares issued had a grant date fair value of $0.05 per share, with the resultant difference of $135,000 included in share based payments and reserves. - issued 3,900,000 common shares at a price of $0.05 per share for total gross proceeds of $195,000. Share Purchase Warrants As at November 30, 2018, the following share purchase warrants were outstanding: Number of Warrants Exercise Price Expiry Date 660,000 $ 1.00 April 19, 2020 315,000 $ 1.00 May 1, 2020 440,000 $ 1.00 May 28, 2020 110,000 $ 1.00 June 4, 2020 750,000 $ 0.50 January 9, 2022 2,275,000 $ 0.84 The weighted average remaining contractual life of warrants outstanding as of November 30, 2018 was 1.98 years 9. ADVANCES RECEIVABLE On February 23, 2018, the Company signed a promissory note with Flo Distribution, LLC for USD $54,532 (CAD $70,313) (“Flo Distro Note”). The principal advanced under the Flo Distro Note had an effective interest rate of 10.47%. It was unsecured and matures on October 31, 2018. Interest of USD $2,402 (CAD $2,973) has been accrued on this loan. At November 30, 2018, it was determined that the loan was uncollectable and it was impaired due to uncertainty on collectability. On April 13, 2018, the Company signed a 90-day promissory note with SuperBad for USD $33,000 (CAD $42,358) (“SuperBad Note”). The principal advanced under the SuperBad Note accumulated interest at 10% per annum for an effective interest rate of 10.52%. It was unsecured and matured on July 13, 2018. Interest of USD $638 (CAD $825) was accrued on the SuperBad Note. In June 2018 TransCanna paid SuperBad to sponsor functions. The cost of these functions totaled USD $33,000 and was applied against the principal of the loan. The interest was impaired due to uncertainty on collectability. |
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| aus der Diskussion: | TransCannaHoldings auf dem Weg zu einem leader? |
| Autor (Datum des Eintrages): | Another-earth (26.08.19 20:06:07) |
| Beitrag: | 2,179 von 6,890 (ID:61345831) |
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