NOTE 21 RESTRICTED CASH

The following table provides a reconciliation of cash, cash equivalents, and restricted cash reported within the statement of financial position that sum to the total of the same such amounts shown in the statement of cash flows.


	December 31,
	2017		2016
Cash and cash equivalents	$	27,153	$	37,440
Restricted cash		10,000		-
Restricted cash included in other long-term assets		-		-
Total cash, cash equivalents, and restricted cash shown in the statement of cash flows	$	37,153	$	37,440

Amounts included in restricted cash represent the proceeds of the sale of flow-through common shares (within the meaning of subsection 66(15) of the Income Tax Act (Canada)) as described in Note 10 Shareholders’ Equity. The proceeds are required by the Income Tax Act (Canada) to be used as payment for generative exploration activities at the Company’s Canadian properties. The entire proceeds will be utilized to fund exploration activities during 2018, at which point the restriction will lapse.