Annual reports filed by certain Canadian issuers pursuant to Section 15(d) and Rule 15d-4

Contributed surplus (Schedule of Option Activity) (Details)

v3.20.1
Contributed surplus (Schedule of Option Activity) (Details)
 12 Months Ended
Dec. 31, 2019
shares
$ / shares
Dec. 31, 2018
shares
$ / shares
Number
Outstanding - Beginning of year | shares 1,474,477 1,498,052
Granted | shares 343,100 619,505
Exercised | shares [1] (139,877) (626,875)
Expired | shares (91,789) (5,569)
Forfeited | shares (12,500) (10,636)
Outstanding - End of year | shares 1,573,411 1,474,477
Weighted average exercise price
Outstanding - Beginning of year | $ / shares $ 4.12 $ 2.26
Granted | $ / shares 6.39 6.65
Exercised | $ / shares 2.32 2.18
Expired | $ / shares 6.81 1.80
Forfeited | $ / shares 2.37 4.92
Outstanding - End of year | $ / shares $ 4.63 $ 4.12
[1] Of the 139,877 (2018 - 626,875) options exercised, 98,408 (2018 - 443,748) elected the cashless exercise, under which 63,727 shares (2018 - 297,626) were issued. These options would have otherwise been exercisable for proceeds of $229 (2018 - $975) on the exercise date.