Note 10 - Trade and Other Payables
|12 Months Ended|
Mar. 31, 2020
|Notes to Financial Statements|
|Accounts Payable and Accrued Liabilities Disclosure [Text Block]||
May 10, 2019,the Corporation announced the settlement regarding legal claims made by its former chief executive (“CEO”) officer with respect to the termination of his employment. Pursuant to the settlement agreement, the Corporation agreed to issue
900,000common shares at
CAD$1.10per share to the former CEO. In addition, the Corporation agreed to reimburse the former CEO for legal fees of
$52.Furthermore, pursuant to the settlement agreement, the Corporation receives a full and final release from the former CEO on all procedures in connection with the termination of his employment. This settlement was accrued as at
March 31, 2019and the expense of
$790was included as part of General and administrative expenses. The case is closed, and
nofurther costs are expected.
The entire disclosure for accounts payable and accrued liabilities at the end of the reporting period.
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef