| Warrants granted |
| | 2023 | | | 2022 | | | | Number of warrants | | | Weighted average exercise price | | | Number of warrants | | | Weighted average exercise price | | Outstanding, beginning of year | | | 11,659,418 | | | $ | 14.44 | | | | 4,133,720 | | | $ | 10.99 | | Issued | | | - | | | | - | | | | 7,550,698 | | | | 16.31 | | Exercised | | | - | | | | - | | | | (25,000 | ) | | | 9.43 | | Expired | | | (4,570,018 | ) | | | 11.00 | | | | - | | | | - | | Outstanding, end of year | | | 7,089,400 | | | $ | 16.65 | | | | 11,659,418 | | | $ | 14.44 | |
The expiration dates of the warrants outstanding as at February 28, 2023 are as follows: | | | | | 2023 | | | | Number of warrants | | | Weighted average exercise price | | July 29, 2024 | | | 4,714,813 | | | $ | 15.00 | | (1) | | | 2,357,407 | | | | 20.00 | | August 26, 2024 | | | 17,180 | | | | 11.00 | | Outstanding, end of year | | | 7,089,400 | | | $ | 16.65 | |
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