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SUBSEQUENT EVENTS
12 Months Ended
Dec. 31, 2019
Subsequent Events [Abstract]  
Subsequent Events
SUBSEQUENT EVENTS
Issuance of stock options and RSUs
On January 23, 2020, the Company granted 0.57 million stock options with an exercise price of $1.76 per share and 0.74 million RSUs to its employees, directors and consultants. The options carry a five-year life and vest as follows: 50% immediately; 25% on January 23, 2021; 25% on January 23, 2022. The RSUs vest as follows: 50% on January 27, 2021; 25% on January 27, 2022; and 25% on January 27, 2023.
ATM issuance
Sale of shares in the Company's ‘At-the-Market’ program.
From January 1, 2020 through March 13, 2020, the Company issued 2.39 million common shares at an average price of $1.69 for net proceeds of $3.96 million using the ATM.

Public offering

On February 20, 2020, the Company completed a bought deal public offering of 11.30 million common shares at a price of $1.47. The Company received net proceeds, after commissions and fees, of $15.07 million.