Note

– Share Capital

April 18, 2016,

we filed a final short-form base shelf prospectus, allowing us to offer and issue the following securities: (i) common shares; (ii) preferred shares; (iii) senior or subordinated unsecured debt securities; (iv) subscription receipts; (v) warrants; and (vi) securities comprised of more than

one

of the aforementioned common shares, preferred shares, debt securities, subscription receipts and/ or warrants offered together as a unit. These securities

may

be offered separately or together, in separate series, in amounts, at prices and on terms to be set forth in

one

or more shelf prospectus supplements. The aggregate initial offering price of securities that

may

be sold by us (or certain of our current or future shareholders) pursuant to our base shelf prospectus during the

-month period that our base shelf prospectus, including any amendments thereto, remains valid is limited to

$500

million. The short-form base shelf prospectus expires on

May 18, 2018.

The following table sets forth the common shares outstanding (number of shares in thousands):

(thousands of shares)	January 31, 2018	January 31, 2017	January 31, 2016
Balance, beginning of year	75,875	75,761	75,480
Shares issued:
Stock options and share units exercised	141	114	281
Acquisitions (Note 3)	757	-	-
Balance, end of year	76,773	75,875	75,761

Cash flows provided from stock options and share units exercised

during

2018,

2017

and

2016

were approximately

$1.0

million,

$0.6

million and

$0.2

million, respectively.