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BASIC AND DILUTED LOSS PER COMMON SHARE
 3 Months Ended
Mar. 31, 2016
BASIC AND DILUTED LOSS PER COMMON SHARE [Text Block]

10. BASIC AND DILUTED LOSS PER COMMON SHARE

Basic and diluted loss per share

The calculation of diluted earnings per share after adjustment for the effects of all potential dilutive common shares, calculated as follows:

    Three months ended  
    March 31,  
    2016     2015  
Loss attributable to shareholders   ($8,808 )   ($1,203 )
Basic and diluted weighted average number of common shares outstanding   47,660,414     19,677,552  
Loss per common share   ($0.19 )   ($0.06 )

For the three months ended March 31, 2016 and 2015, 6,993,805 and 1,691,781 options and warrants, respectively, and the potential conversion of the uranium debentures have been excluded from the calculation as their effect would have been anti-dilutive.