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SHARE PURCHASE WARRANTS | 12 Months Ended
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Dec. 31, 2023
SHARE PURCHASE WARRANTS |
SHARE PURCHASE WARRANTS | 14.SHARE PURCHASE WARRANTS In connection with the public offerings of units in February 2021 and March 2021, the Company issued 15,796,975 and 39,215,000 share purchase warrants to unit holders, respectively. The February 2021 warrants entitled the holder to acquire one common share of the Company at an exercise price of US$2.00 for 24 months after issuance (expired February 2023). The March 2021 warrants entitled the holder to acquire one common share of the Company at an exercise price of US$2.25 for 24 months after issuance (expired March 2023). Since these warrants were exercisable in USD, which differs from the Company’s CAD functional currency, they were classified as derivative liabilities and were required to be carried as liabilities at Fair Value Though Profit or Loss. When the fair value of the warrants was revalued at each reporting period, the change in the liability was recorded through net profit or loss in “Other income (expense)”. At December 31, 2022, the fair value of the share purchase warrants were estimated to be $nil. ​
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| ​ | Number of |  | Warrant
(in thousands except warrant amounts) |  | Warrants |  | Liability
​ | ​ | ​ | ​ | ​ | ​
Balance-December 31, 2022 |  | 55,006,475 |  | $ | —
Expiry of share purchase warrants |  | (55,006,475) | ​ |  | —
Balance-December 31, 2023 |  | — |  | $ | —
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- Definition The entire disclosure for Share Purchase Warrants. + References No definition available. + Details
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- References No definition available. + Details
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