| 18. |
Related party transactions and balances
|
The following is a summary of the Company’s
related party transactions during the year:
| (a) |
Key management compensation
|
Key management personnel are persons responsible
for planning, directing and controlling activities of an entity,
and include management executives of the Company. Compensation
provided to key management is as follows:
|
|
|
|
|
|
|
|
|
| |
|
2017 |
|
|
2016 |
|
|
Short-term employee benefits, including salaries and fees
|
|
$ |
417 |
|
|
$ |
264 |
|
|
Professional fees
|
|
|
234 |
|
|
|
171 |
|
|
Stock-based payments (i)
|
|
|
899 |
|
|
|
208 |
|
|
|
|
|
|
|
|
|
|
|
|
$ |
1,550 |
|
|
$ |
643 |
|
|
|
|
|
|
|
|
|
|
| (i) |
Stock-based payments are comprised of $Nil (2016 -
$129) of shares issued in lieu of compensation, and $899 (2016 -
$79) in stock options provided to key management of the Company.
Refer to Note 16.
|
As at December 31, 2017, there was a balance
payable of $Nil to members of key management (2016 - $86).
| (b) |
Purchase of shares and warrants
|
| (i) |
On May 27, 2016, a board member purchased 810,810
units of the Company’s private placement. Refer to Note 15
(a). The board member paid approximately $150 for these units,
which represents the fair value.
|
| (ii) |
On May 27, 2016, a shareholder with ownership
interest exceeding 10%, purchased 4,665,187 units of the
Company’s private placement. Refer to Note 15(a). The
shareholder paid approximately $863 for these units, which
represents the fair value.
|
| (c) |
Issuance of options to directors
|
| (i) |
During the year ended December 31, 2017, a total of
1,800,000 (2016 - 1,616,000) options were issued to directors of
the Company. Stock-based payments of $601 (2016 - $49) were
recognized for these options. Refer to Note 16.
|
|