| Summary of Changes in Warrants |
The following is a summary of the changes in
warrants for the period from January 1, 2016 to December 31,
2017:
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Number of |
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Grant date |
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Exercise price |
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warrants |
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Amount |
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Balance at January 1, 2016
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15,795,422 |
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$ |
1,329 |
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Issuance of warrants (i)
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May
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May 13 and 27, 2016 |
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$ |
0.245 |
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32,432,425 |
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2,832 |
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Exercise of warrants
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July
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January 18, 2013 |
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0.08 |
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(55,000 |
) |
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— |
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August
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October 1, 2013 |
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0.24 |
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(100,000 |
) |
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(15 |
) |
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October
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October 1, 2013 |
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0.24 |
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(661,505 |
) |
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(96 |
) |
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November
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October 25, 2015 |
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0.31 |
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(460,877 |
) |
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(31 |
) |
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November
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January 18, 2013 |
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0.08 |
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(422,443 |
) |
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(28 |
) |
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December
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December 18, 2013 |
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0.24 |
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(53,347 |
) |
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(1 |
) |
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December
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January 18, 2013 |
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0.08 |
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(511,252 |
) |
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(7 |
) |
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Expiry of warrants
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(78,251 |
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— |
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Balance at December 31, 2016
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45,885,172 |
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$ |
3,983 |
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Exercise of warrants
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January
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January 30, 2014 |
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0.71 |
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(375,565 |
) |
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(164 |
) |
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January
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January 18, 2013 |
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0.08 |
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(298,066 |
) |
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— |
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March
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October 8, 2015 |
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0.31 |
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(1,140,351 |
) |
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(117 |
) |
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April
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October 28, 2015 |
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0.31 |
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(350,877 |
) |
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(66 |
) |
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April
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January 18, 2013 |
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0.08 |
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(744,198 |
) |
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— |
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May
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January 18, 2013 |
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0.08 |
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(165,377 |
) |
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— |
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May
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October 28, 2015 |
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0.31 |
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(192,982 |
) |
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(36 |
) |
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June
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January 18, 2013 |
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0.08 |
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(50,000 |
) |
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— |
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July
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January 18, 2013 |
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0.08 |
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(248,066 |
) |
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— |
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July
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October 28, 2015 |
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0.31 |
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(157,894 |
) |
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(30 |
) |
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August
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May 13, 2016 |
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0.245 |
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(2,300,000 |
) |
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(202 |
) |
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September
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May 27, 2016 |
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0.245 |
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(48,720 |
) |
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(4 |
) |
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September
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January 18, 2013 |
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0.08 |
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(951,064 |
) |
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— |
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November
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January 18, 2013 |
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0.08 |
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(133,022 |
) |
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— |
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December
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January 18, 2013 |
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0.08 |
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(55,126 |
) |
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— |
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Expiry of warrants
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(19,210 |
) |
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— |
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Balance at December 31, 2017
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38,654,654 |
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$ |
3,364 |
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| (i) |
32,432,425 units were issued in two private
placements. Each unit consisted of one common share and one common
share purchase warrant, for total consideration of $5,978.
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| Changes in the number of other equity instruments (ie other than share options) |
As at December 31, 2017, the Company has
outstanding warrants as follows:
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Grant date
|
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Number of
warrants |
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Exercise price |
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Expiry |
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January 18, 2013
|
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2,981,476 |
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$ |
0.08 |
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January 18, 2018 |
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October 8, 2015
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4,101,680 |
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0.31 |
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October 8, 2020 |
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October 23, 2015
|
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1,478,245 |
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0.31 |
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October 23, 2020 |
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October 28, 2015
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9,548 |
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0.31 |
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October 28, 2020 |
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May 13, 2016
|
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8,510,812 |
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0.245 |
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May 13, 2021 |
|
May 27, 2016
|
|
|
21,572,893 |
|
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|
0.245 |
|
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May 27, 2021 |
|
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38,654,654 |
|
|
$ |
0.242 |
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