Derivative Liability (Details) |
1 Months Ended | 12 Months Ended | |||
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Nov. 23, 2021 |
Jun. 30, 2022
CAD ($)
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Jun. 30, 2022
USD ($)
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Jun. 30, 2021
CAD ($)
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Feb. 28, 2021
CAD ($)
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Derivative Liability [Abstract] | |||||
Derivative liabilities | $ 442,589 | ||||
Change in fair value of gain | $ 153,155 | $ 32,676 | |||
Allocated share capital | 256,758 | ||||
Warrants description | the Company issued 184,000 Finders’ Warrants exercisable at USD $9.375 before November 23, 2026. The fair value of these Finders’ Warrants was estimated at $1,237,681 using Black-Scholes with the following assumptions: expected volatility of 100% based on comparable companies, expected dividend yield of 0%, risk-free interest rate of 1.58%, and an expected life of five years. | ||||
Derivative liabilities | $ 286,997 | ||||
Share price (in Dollars) | $ 2.4 | ||||
Warrants exercisable amount (in Dollars) | $ 9.375 | ||||
Derivative of expected volatility | 100.00% | 100.00% | |||
Dividend of excepted rate | 0.00% | 0.00% | |||
Interest rate of percentage | 3.10% | 3.10% | |||
Estimated remaining life year | 4.40 years | 4.40 years | |||
Fair value of derivative liability | $ 950,684 |
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- Definition The amount of current derivative financial assets. [Refer: Derivative financial assets] Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition The amount of financial liabilities classified as derivative instruments. [Refer: Financial assets; Derivatives [member]] Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition The amount of contractual undiscounted cash flows in relation to derivative financial liabilities. [Refer: Derivative financial liabilities] Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The description of financial instruments designated as hedging instruments. Hedging instruments are designated derivatives or (for a hedge of the risk of changes in foreign currency exchange rates only) designated non-derivative financial assets or non-derivative financial liabilities whose fair value or cash flows are expected to offset changes in the fair value or cash flows of a designated hedged item. [Refer: Derivatives [member]; Derivative financial assets; Derivative financial liabilities; Financial instruments, class [member]; Financial assets] Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The gains resulting from change in the fair value of derivatives recognised in profit or loss. [Refer: Derivatives [member]] Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition The cash inflow from the exercise of share purchase warrants. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Allocated to share capital. No definition available.
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- References No definition available.
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- Definition The percentage of dividend of rate. No definition available.
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- Definition Estimated remaining life year. No definition available.
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- Definition The percentage of interest rate. No definition available.
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- Definition The reasonably possible percentage of derrivative. No definition available.
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- Definition The amount of share price. No definition available.
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