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Saturday, September 28, 2019 4:11:17 PM
On April 12, 2018, upon completion of the Acquisition (Note 6), the Company acquired certain intellectual property (the “Intellectual Property”), from the shareholders of SAL. The Intellectual Property was recorded at $6,717,487. During the six months ended July 31, 2019, the Company recorded amortization of $333,113 based on an estimated useful life of 10 years. As of July 31, 2019, the Intellectual Property was $5,841,454.
https://www.thecse.com/en/listings/mining/international-battery-metals-ltd
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