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Subsequent Events

9 Months Ended

Sep. 30, 2013

Subsequent Events [Abstract]

Subsequent Events

13.Subsequent Events

On October 28, 2013, the Company announced its intention to settle all of the Company’s outstanding SARs in cash. Accordingly, the Company will mark to market the estimated pay out of these SARs. As of September 30, 2013, the Company would have recorded an additional $42,151 of stock-based compensation for a total of $64,331. The actual amounts will be determined and charged in the fourth quarter.

During October 2013, the Company recorded a one time incentive charge of C$10,000 ($9,600) relating to the contractual achievement of the Company’s Class A share price averaging C$30 for 20 consecutive days.

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The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business.

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