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SUBSEQUENT EVENTS
6 Months Ended
Jun. 30, 2016
SUBSEQUENT EVENTS [Text Block]
15.

SUBSEQUENT EVENTS

Issuance of stock options RSUs

On July 1, 2016, the Company granted 0.04 million RSUs which vest as follows: 50% on January 27, 2017; 25% on January 27, 2018; and 25% on January 27, 2019. On July 5, 2016 the Company granted 0.03 million RSUs which vest as follows: 100% on January 27, 2017. On August 4, 2016 the Company granted 0.17 million RSUs which vest as follows: 100% on January 27, 2017. On August 4, 2016 the Company granted 0.03 million stock options and 0.01 million RSU’s to its employees, directors and consultants with an exercise price of $2.12. The options carry a five-year life and are vested as follows: 50% immediately; 25% on August 4, 2017; 25% on August 4, 2018. The RSU’s vest as follows: 50% on January 27, 2017; 25% on January 27, 2018; and 25% on January 27, 2019.