| Warrants |
| |
|
2021 |
|
|
2020 |
|
| |
|
Number of warrants |
|
|
Weighted average exercise price |
|
|
Number of warrants |
|
|
Weighted average exercise price |
|
| Outstanding, beginning of year |
|
|
5,059,331 |
|
|
$ |
10.89 |
|
|
|
802,469 |
|
|
$ |
10.74 |
|
| Issued |
|
|
25,000 |
|
|
|
9.43 |
|
|
|
4,272,294 |
|
|
|
10.91 |
|
| Exercised |
|
|
(190,529 |
) |
|
|
8.68 |
|
|
|
(15,432 |
) |
|
|
9.32 |
|
| Expired |
|
|
(760,082 |
) |
|
|
10.83 |
|
|
|
- |
|
|
|
- |
|
| Outstanding, end of year |
|
|
4,133,720 |
|
|
$ |
10.99 |
|
|
|
5,059,331 |
|
|
$ |
10.89 |
|
The expiration dates of the warrants outstanding
as at February 28, 2021 are as follows:
| |
2021 |
| |
|
Number of warrants |
|
|
Weighted average exercise price |
|
| May 12, 2022 |
|
|
25,000 |
|
|
$ |
9.43 |
|
| June 14, 2022 |
|
|
4,093,567 |
|
|
|
11.00 |
|
| February 21, 2023 |
|
|
15,153 |
|
|
|
11.00 |
|
| Outstanding, end of year |
|
|
4,133,720 |
|
|
$ |
10.99 |
|
|