Item 2. Unregistered Sales of Equity Securities
Item 2. Unregistered
Sales of Equity Securities and Use of Proceeds.
During the three-months ended July 31, 2021, we
issued an aggregate of 1,002 unregistered shares of common stock to three of our directors pursuant to their DLAs. The non-cash expense
for these share issuances totaled $4,885.
During the three-months ended July 31, 2020, we
issued an aggregate of 1,000 stock options to three of our directors pursuant to their DLAs. The non-cash expense for stock options totaled
$14,558.
During the three-months ended July 31, 2020, we
issued an aggregate of 334 unregistered shares of common stock to two independent contractors pursuant to their professional services
agreements. The non-cash expense for these share issuances totaled $1,620.
All such securities were issued without registration
under the Securities Act of 1933, as amended, in reliance upon the exemption afforded by Section 4(a)(2) of that Act.
Item 3. Defaults Upon Senior Securities.
None.
Item 4. Mine Safety Disclosure.
Not applicable.
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