NOTE 5. STOCK PURCHASE WARRANTS

6 Months Ended

Apr. 30, 2021

NOTE 5 - STOCK PURCHASE WARRANTS

In July through September 2020, the Company issued warrants in connection with the sales of stock subscriptions. At April 30, 2021, warrants outstanding are as follows:

	Warrant Shares	Weighted Average Exercise Price

Balance at October 31, 2020	254,511	$2.67
Granted	-	-
Forfeit or cancelled	-	-
Exercised	-	-
Balance at April 30, 2021	254,511	$2.67

The fair value of the warrants on the date of issue was $19,857 and was determined using the Black-Scholes option pricing model with the following assumptions:

Expected Life		1.27 - 1.42 years
Volatility		28% *
Dividend Yield		0% **
Risk Free Interest Rate		0.11% - 0.14% ***

*The volatility rate is based on the average volatility rate of comparable publicly traded companies

**The Company has no history or expectation of paying cash dividends on its common stock

***The risk-free interest rate is based on the U.S Treasury yield for a term consistent with the expected life of the awards in effect at the time of grant.

Freedom Internet Group Inc. 10-Q