| Summary of Changes in Options |
The following is a summary of the changes in
options for the period from January 1, 2016 to December 31,
2016:
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|
|
|
|
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|
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| |
|
Grant date |
|
|
Exercise price |
|
|
Number of
options |
|
|
Amount |
|
|
Balance at January 1, 2016
|
|
|
|
|
|
|
|
|
|
|
1,610,003 |
|
|
$ |
599 |
|
|
Issuance of options
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|
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May
|
|
|
May 17 and 27, 2016 |
|
|
$ |
0.285 |
|
|
|
157,850 |
|
|
|
6 |
|
|
August
|
|
|
August 5, 2016 |
|
|
|
0.50 |
|
|
|
1,225,000 |
|
|
|
30 |
|
|
October
|
|
|
October 6, 2016 |
|
|
|
1.23 |
|
|
|
3,618,500 |
|
|
|
114 |
|
|
November
|
|
|
Multiple |
|
|
|
Multiple |
|
|
|
482,000 |
|
|
|
28 |
|
|
Exercise of options
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
— |
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|
August
|
|
|
October 1, 2013 |
|
|
|
0.24 |
|
|
|
(213,390 |
) |
|
|
(31 |
) |
|
August
|
|
|
May 17 and 27, 2016 |
|
|
|
0.285 |
|
|
|
(157,390 |
) |
|
|
(6 |
) |
|
October
|
|
|
October 1, 2013 |
|
|
|
0.24 |
|
|
|
(32,008 |
) |
|
|
(5 |
) |
|
Expiry of options
|
|
|
|
|
|
|
0.96 |
|
|
|
(512,971 |
) |
|
|
— |
|
|
|
|
|
|
|
|
|
|
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|
|
|
|
|
|
|
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Balance at December 31, 2016
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|
|
|
|
|
|
|
6,177,594 |
|
|
$ |
735 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
The following is a summary of the changes in
options for the period from January 1, 2017 to December 31,
2017:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
Grant date |
|
|
Exercise price |
|
|
Number of
options |
|
|
Amount |
|
|
Balance at January 1, 2017
|
|
|
|
|
|
|
|
|
|
|
6,177,594 |
|
|
$ |
735 |
|
|
Issuance of options
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
April
|
|
|
April 12, 2017 |
|
|
|
3.14 |
|
|
|
3,299,000 |
|
|
|
— |
|
|
August
|
|
|
August 23, 2017 |
|
|
|
2.42 |
|
|
|
2,903,000 |
|
|
|
— |
|
|
November
|
|
|
November 9, 2017 |
|
|
|
3.32 |
|
|
|
200,000 |
|
|
|
— |
|
|
Exercise of options
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
January
|
|
|
January 30, 2014 |
|
|
|
0.71 |
|
|
|
(32,009 |
) |
|
|
(14 |
) |
|
February
|
|
|
August 5, 2014 |
|
|
|
1.15 |
|
|
|
(32,000 |
) |
|
|
(23 |
) |
|
March
|
|
|
September 19, December 17, 2014 |
|
|
|
1.15 |
|
|
|
(171,695 |
) |
|
|
(104 |
) |
|
April
|
|
|
August 5, 2014 |
|
|
|
1.15 |
|
|
|
(93,000 |
) |
|
|
(66 |
) |
|
April
|
|
|
October 6, 2016 |
|
|
|
1.23 |
|
|
|
(30,416 |
) |
|
|
(15 |
) |
|
May
|
|
|
August 5, 2014 |
|
|
|
1.15 |
|
|
|
(35,043 |
) |
|
|
(25 |
) |
|
July
|
|
|
August 5, 2016 |
|
|
|
0.50 |
|
|
|
(83,333 |
) |
|
|
(19 |
) |
|
September
|
|
|
October 6, 2016 |
|
|
|
1.23 |
|
|
|
(1,250 |
) |
|
|
(1 |
) |
|
December
|
|
|
December 17, 2014 |
|
|
|
1.15 |
|
|
|
(92,500 |
) |
|
|
(41 |
) |
|
Expiry of options
|
|
|
|
|
|
|
|
|
|
|
(404,598 |
) |
|
|
— |
|
|
Vesting of issued options
|
|
|
|
|
|
|
1.15 |
|
|
|
— |
|
|
|
1,862 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Balance at December 31, 2017
|
|
|
|
|
|
|
|
|
|
|
11,603,750 |
|
|
$ |
2,289 |
|
|
|
|
|
|
|
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|
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|
| Summary of Outstanding and Exercisable Options |
As at December 31, 2017, the Company had
outstanding and exercisable options as follows:
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| |
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|
|
Weighted average |
|
|
Grant date
|
|
Vesting terms |
|
|
Number of
options |
|
|
Exercise price |
|
|
Remaining
contractual life
(years) |
|
|
August 5, 2016
|
|
|
Evenly over 48 months |
|
|
|
1,141,666 |
|
|
$ |
0.50 |
|
|
|
3.60 |
|
|
October 6, 2016
|
|
|
Evenly over 48 months |
|
|
|
3,578,084 |
|
|
|
1.23 |
|
|
|
3.77 |
|
|
November 16, 2016
|
|
|
On May 15, 2017 |
|
|
|
300,000 |
|
|
|
1.50 |
|
|
|
0.37 |
|
|
November 21, 2016
|
|
|
Evenly over 48 months |
|
|
|
182,000 |
|
|
|
1.84 |
|
|
|
3.88 |
|
|
April 12, 2017
|
|
|
Evenly over 48 months |
|
|
|
3,299,000 |
|
|
|
3.14 |
|
|
|
4.28 |
|
|
August 23, 2017
|
|
|
Evenly over 48 months |
|
|
|
2,903,000 |
|
|
|
2.42 |
|
|
|
4.65 |
|
|
November 9, 2017
|
|
|
Evenly over 48 months |
|
|
|
200,000 |
|
|
|
3.32 |
|
|
|
4.86 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Outstanding at December 31, 2017
|
|
|
|
|
|
|
11,603,750 |
|
|
$ |
2.05 |
|
|
|
4.05 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Exercisable at December 31, 2017
|
|
|
|
|
|
|
2,744,387 |
|
|
$ |
1.71 |
|
|
|
3.57 |
|
|
|
|
|
|
|
|
|
|
|
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