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SHARE CAPITAL AND SHAREBASED PAYMENTS (Tables)
6 Months Ended
Jun. 30, 2022
Schedule Of Stock Options

 

 

Underlying

Shares

 

 

Weighted Average Exercise Price (C$)

 

 

 

 

 

 

 

 

Stock options outstanding, January 1, 2021

 

 

3,483,000

 

 

$1.77

 

Exercised

 

 

(264,000)

 

$1.16

 

Expired

 

 

(360,000)

 

$2.95

 

Cancelled / Forfeited

 

 

(20,000)

 

$1.64

 

Stock options outstanding, December 31, 2021

 

 

2,839,000

 

 

$1.68

 

Granted

 

 

2,390,000

 

 

$1.20

 

Exercised

 

 

(48,000)

 

$0.79

 

Stock options outstanding, June 30, 2022

 

 

5,181,000

 

 

$1.47

 

Stock options exercisable, June 30, 2022

 

 

3,382,250

 

 

$1.61

 

Schedule Of Stock Options Outsanding And Exercisable

 

 

 

 

Outstanding

 

 

Exercisable

 

Expiry Date

 

Price (C$)

 

 

Number of Options

 

 

Weighted Average Remaining Contractual Life (Years)

 

 

Number of Options

 

 

Weighted Average Remaining Contractual Life (Years)

 

September 20, 2022

 

$1.98

 

 

 

880,000

 

 

 

0.22

 

 

 

880,000

 

 

 

0.22

 

August 28, 2023

 

$1.30

 

 

 

105,000

 

 

 

1.16

 

 

 

105,000

 

 

 

1.16

 

August 21, 2024

 

$0.79

 

 

 

126,000

 

 

 

2.15

 

 

 

126,000

 

 

 

2.15

 

August 4, 2025

 

$1.64

 

 

 

1,680,000

 

 

 

3.10

 

 

 

1,680,000

 

 

 

3.10

 

March 25, 2027

 

$1.20

 

 

 

2,365,000

 

 

 

4.74

 

 

 

591,250

 

 

 

4.74

 

May 4, 2027

 

$0.92

 

 

 

25,000

 

 

 

4.85

 

 

 

-

 

 

 

4.85

 

 

 

 

 

 

 

 

5,181,000

 

 

 

3.30

 

 

 

3,382,250

 

 

 

2.54

 

Schedule of fair value of the stock options was calculated using the Black-Scholes model

 

 

June 30,

2022

 

 

December 31,

2021

 

Weighted average assumptions:

 

 

 

 

 

 

 Risk-free interest rate

 

 

2.49%

 

-

 Expected dividend yield

 

 

0.00%

 

-

 Expected warrant life (years)

 

 

5.00

 

 

 

-

 

 Expected stock price volatility

 

 

59.98%

 

-

 Expected forfeiture rate

 

 

20%

 

-

Weighted average fair value

 

$0.63

 

 

 

-

 

Schedule Of Rsu Outstanding

 

 

Underlying

Shares

 

 

Weighted Average Price (C$)

 

 

 

 

 

 

 

 

RSUs outstanding, January 1, 2021

 

 

2,874,000

 

 

$1.28

 

Exercised

 

 

(1,330,167)

 

$1.22

 

Cancelled / Forfeited

 

 

(104,356)

 

$1.54

 

RSUs outstanding, December 31, 2021

 

 

1,439,477

 

 

$1.32

 

Granted

 

 

1,799,000

 

 

$1.19

 

Cancelled / Forfeited

 

 

(35,000)

 

$1.37

 

RSUs outstanding, June 30, 2022

 

 

3,203,477

 

 

$1.25

 

Schedule of fair value of options granted

Issuance Date

 

Price (C$)

 

 

Number of RSUs Outstanding

 

August 21, 2019

 

$0.79

 

 

 

539,733

 

August 4, 2020

 

$1.64

 

 

 

885,744

 

March 23, 2022

 

$1.19

 

 

 

1,778,000

 

 

 

 

 

 

 

 

3,203,477

 

Schedule Of Basic Earnings Per Share And Diluted Earnings Per Share

 

 

Three months ended June 30,

 

 

Six months ended June 30,

 

 

 

2022

 

 

2021

 

 

2022

 

 

2021

 

Net income (loss) for the period

 

$2,283

 

 

$(2,654)

 

$2,929

 

 

$(4,472)

Basic weighted average number of shares outstanding

 

 

117,129,947

 

 

 

100,512,906

 

 

 

110,548,661

 

 

 

98,382,464

 

Effect of dilutive share options, warrants, and RSUs (‘000)

 

 

3,256,653

 

 

 

-

 

 

 

3,265,461

 

 

 

-

 

Diluted weighted average number of shares outstanding

 

 

120,386,601

 

 

 

100,512,906

 

 

 

113,814,123

 

 

 

98,382,464

 

Basic loss per share

 

$0.02

 

 

$(0.03)

 

$0.03

 

 

$(0.05)

Diluted loss per share

 

$0.02

 

 

$(0.03)

 

$0.03

 

 

$(0.05)