Annual and transition report of foreign private issuers pursuant to Section 13 or 15(d)

Share Capital (Tables)

v3.21.1
Share Capital (Tables)
12 Months Ended
Jan. 31, 2021
Disclosure of classes of share capital [abstract]  
Disclosure of Detailed Information About Share Capital
    31 January 2021
NZ$000’s
   

31 January 2020

NZ$000’s

 
446,582,604 (2020: 4,697,204) Ordinary shares     338,498       170,193  
Disclosure of Detailed Information About Ordinary Shares Explanatory
    For the Year Ended 31 January 2021
NZ$000’s
   

For the Year Ended 31 January 2020

NZ$000’s

 
At the beginning of the reporting period     170,193       134,183  
Issuance of new shares                
- Cash collected from sale of new share issuances and cash exercise of warrants     93,693       12,586  
- Shares issued in lieu of agreed settlement     5,503       -  
- Conversion of debt     1,689       -  
- Shares issued in lieu of inventory payment     -       15, 525  
- Shares issued in lieu of related party loan     -       1,546  
- Convertible notes converted to equity     67,420       5,979  
Warrants issued     -       374  
At the end of the reporting period     338,498       170,193  
Disclosure of Detailed Information About Gearing Ratio

The gearing ratio for the years ended 31 January 2021 and 31 January 2020 are as follows:

 

    Note     31 January 2021
NZ$000’s
   

31 January 2020

NZ$000’s

 
Total borrowings     22       17,495       38,913  
Less Cash and cash equivalents     15       (90,925 )     (3,791 )
Net cash)/ net debt             (73,430 )     35,122  
Equity             89,191       (6,284 )
Total capital             15,788       28,838  
Gearing ratio             20 %     (619 )%
Disclosure of Detailed Information About Warrants Outstanding

The following warrants were outstanding as at 31 January 2021 (31 January 2020: 610,122).

 

Average Exercise Price (USD)     Issue Date   Expiry Date   No. of warrants  
      Mar-19   Mar-21     42,285  
      Mar-19   Mar-23     14,000  
$0.01 - $0.50     Apr-19   Apr-22     500  
      May-19   May-21     10,000  
      Jul-19   May-25     170,100  
      Aug-19   Feb-25     285,714  
      Aug-19   Aug-24     22,857  
$1.51 - $2.00     Nov-17   Nov-21     2,000  
      Oct-18   Oct-21     20,000  
$2.01 - $4.00     Jun-18   Jun-23     8,000  
      Mar-19   Mar-21     3,922  
$4.01+     May-18   May-21     2,816  
Total number of outstanding warrants as at 31 January 2021     582,194