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

Warrants (Schedule of Warrant Activity) (Details)

v3.20.1
Warrants (Schedule of Warrant Activity) (Details)
 12 Months Ended
Dec. 31, 2019
CAD ($)
shares
$ / shares
Dec. 31, 2018
CAD ($)
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)
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
Outstanding - End of year | $ / shares $ 4.63 $ 4.12
Warrants [Member]
Number
Outstanding - Beginning of year | shares 192,459 2,087,598
Granted | shares 134,766
Exercised | shares (14,423) (2,029,905)
Expired | shares (43,269)
Outstanding - End of year | shares 134,766 [2] 192,459
Weighted average exercise price
Outstanding - Beginning of year | $ / shares $ 5.84 $ 2.46
Granted | $ / shares 6.53
Exercised | $ / shares 4.22 2.41
Expired | $ / shares 4.22
Outstanding - End of year | $ / shares $ 6.53 $ 5.84
Amount
Opening balance | $ $ 415,000 $ 674,000
Granted | $ 332,000
Exercised | $ (21,000) (591,000)
Expired | $ (62,000)
Closing balance | $ $ 332,000 $ 415,000
[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.
[2] The 134,766 warrants outstanding expired on February 15, 2020.