XML 104 R32.htm IDEA: XBRL DOCUMENT v3.22.1

SHARE CAPITAL AND RESERVES (Tables)

12 Months Ended

Dec. 31, 2021

SHARE CAPITAL AND RESERVES

Summary of continuity of share purchase options

The continuity of share purchase options for the year ended December 31, 2021 is as follows:

​

​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​
​		​	​		Outstanding		​		​		Cancelled/		Outstanding		Exercisable
​	​	Exercise		​	December	​	​	​	​	​	Forfeited/	​	December	​	December
Expiry date	​	Price		​	31, 2020	​	Granted	​	Exercised	​	Expired	​	31, 2021	​	31, 2021
February 20, 2022	​	$	0.15	​	75,000	​	—	​	(75,000)	​	—	​	—	​	—
September 30, 2023	​	$	0.40	​	250,000	​	—	​	(100,000)	​	—	​	150,000	​	150,000
December 17, 2024	​	$	0.50	​	2,685,000	​	—	​	(760,000)	​	—	​	1,925,000	​	1,925,000
April 18, 2025	​	$	1.00		1,500,000		—		(50,000)		—		1,450,000		1,450,000
May 23, 2025	​	$	1.075		225,000		—		(25,000)		—		200,000		200,000
August 11, 2025	​	$	1.40		2,965,000		—		(65,000)		—		2,900,000		2,900,000
September 3, 2025	​	$	2.07		215,000		—		(100,000)		—		115,000		115,000
October 1, 2025	​	$	2.15		25,000		—		—		—		25,000		25,000
December 31, 2025	​	$	4.10		6,242,500		—		(87,500)		—		6,155,000		6,155,000
April 29, 2026	​	$	6.79		—		1,369,000		(10,500)		(64,250)		1,294,250		1,118,000
May 17, 2026	​	$	8.62		—		200,000		—		—		200,000		200,000
September 27, 2026	​	$	8.70		—		125,000		—		—		125,000		12,500
November 26, 2026	​	$	8.04	​	—	​	62,500	​	—	​	(6,750)	​	55,750	​	6,250
​	​		​		14,182,500		1,756,500		(1,273,000)		(71,000)		14,595,000	​	14,256,750
Weighted average exercise price $	​	​	​		2.36		5.39		0.97		6.91		3.01		2.92
Weighted average contractual remaining life (years)	​		​		4.58		—		—		—		3.71		3.71

​

The continuity of share purchase options for the year ended December 31, 2020 is as follows:

​

​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​
​		​	​		Outstanding		​		​		Cancelled/		Outstanding		Exercisable
​	​	​	​	​	December	​	​	​	​	​	Forfeited/	​	December	​	December
Expiry date	​	Exercise Price		​	31, 2019	​	Granted	​	Exercised	​	Expired	​	31, 2020	​	31, 2020
February 20, 2022	​	$	0.15	​	1,930,000	​	—	​	(1,855,000)	​	—	​	75,000	​	75,000
September 30, 2023	​	$	0.40	​	350,000	​	—	​	(100,000)	​	—	​	250,000	​	250,000
December 17, 2024	​	$	0.50	​	5,605,000	​	—	​	(2,920,000)	​	—	​	2,685,000	​	2,685,000
April 18, 2025	​	$	1.00	​	—		2,300,000		(800,000)		—		1,500,000		1,500,000
May 23, 2025	​	$	1.075	​	—		1,670,000		(1,445,000)		—		225,000		225,000
August 11, 2025	​	$	1.40	​	—		5,040,000		(2,075,000)		—		2,965,000		2,965,000
September 3, 2025	​	$	2.07	​	—		215,000		—		—		215,000		215,000
October 1, 2025	​	$	2.15	​	—		25,000		—		—		25,000		25,000
December 31, 2025	​	$	4.10	​	—		6,242,500		—		—		6,242,500		6,242,500
​	​	​	​	​	7,885,000		15,492,500		(9,195,000)		—		14,182,500	​	14,182,500
Weighted average exercise price $	​	​	​	​	0.41		2.40		0.77		—		2.36		2.36
Weighted average contractual remaining life (years)	​	​	​	​	4.22		5.0		—		—		4.58		4.58

​

Summary of weighted average assumptions used to estimate the fair value of options granted

​

​	​	​	​	​	​	​	​
​			Year ended December 31,
​		2021			​	2020
Risk-free interest rate		​	0.95	%	​	0.39	%
Expected option life in years		​	5.0		​	5.0	​
Expected share price volatility(i)		​	95.13	%	​	96.82	%
Grant date share price	​	$	7.18	​	$	2.39	​
Expected forfeiture rate	​		—	​		—	​
Expected dividend yield	​		Nil	​		Nil	​

(i) The expected share price volatility is based on the average historical share price of comparable companies over the life of the option.

Summary of continuity of warrants

The continuity of warrants for the year ended December 31, 2021 is as follows:

​

​	​	​	​	​	​	​	​	​	​	​	​	​	​
​		​	​		Outstanding		​		​		​		Outstanding
​	​	Exercise		​	December	​	​	​	​	​	Cancelled/	​	December 31,
Expiry date	​	Price		​	31, 2020	​	Issued	​	Exercised	​	Expired	​	2021
August 11, 2021	​	$	1.30		714,462		—		(714,462)		—		—
August 13, 2021	​	$	1.30		113,399		—		(113,399)		—		—
May 12, 2022	​	$	1.30		39,475		—		(14,321)		—		25,154
May 13, 2022	​	$	1.50		36,052		—		(27,680)		—		8,372
June 4, 2022	​	$	1.50		25,845		—		(9,885)		—		15,960
June 10, 2022	​	$	1.30		4,107		—		(4,107)		—		—
​	​		​		933,340		—		(883,854)		—	​	49,486
Weighted average exercise price $	​	​	​		1.31		—		1.31		—		1.40
Weighted average contractual remaining life (years)	​	​	​		0.70		—		—		—		0.38

​

The continuity of warrants for the year ended December 31, 2020 is as follows:

​

​	​	​	​	​	​	​	​	​	​	​	​	​	​	​
​		​	​		Outstanding			​		​		​		Outstanding
​	​	Exercise		​	December		​	​	​	​	​	Cancelled/	​	December
Expiry date	​	Price		​	31, 2019		​	Issued	​	Exercised	​	Expired	​	31, 2020
August 11, 2021	​	$	1.30		​	—		1,190,769		(476,307)		—		714,462
August 13, 2021	​	$	1.30		​	—		188,999		(75,600)		—		113,399
May 12, 2022	​	$	1.30		​	—		39,475		—		—		39,475
May 13, 2022	​	$	1.50		​	—		36,052		—		—		36,052
June 4, 2022	​	$	1.50		​	—		28,230		(2,385)		—		25,845
June 10, 2022	​	$	1.30		​	—		4,107		—		—		4,107
November 29, 2022	​	$	0.75		​	16,000,000		—		(16,000,000)		—		—
​	​	​	​		​	16,000,000		1,487,632		(16,554,292)		—		933,340
Weighted average exercise price	​	​	​	​	$	0.75		1.31		0.77		—		1.31
Weighted average contractual remaining life (years)	​	​	​	​		2.92		1.07		—		—		0.70

Summary of weighted average assumptions used to estimate the fair value of warrants issued

​

​	​	​	​	​	​	​
​	​	Year ended December 31,				​
​		2021		2020
Risk-free interest rate	​	—		​	0.26	%
Expected option life in years	​	—		​	1.07	​
Expected share price volatility(i)	​	—		​	91.94	%
Grant date share price	​	—	​	$	1.41	​
Expected forfeiture rate	​	—	​		—	​
Expected dividend yield	​	Nil	​		Nil	​

(i) The expected share price volatility is based on the average historical share price of comparable companies over the life of the warrant.

X

- References

No definition available.

+ Details

Name:	ifrs-full_DisclosureOfClassesOfShareCapitalAbstract
Namespace Prefix:	ifrs-full_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

The disclosure of information about indirect, by reference to the fair value of the equity instruments granted, measurement of the fair value of goods or services received as consideration for the entity's other equity instruments (ie other than share options).

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Name IFRS
-Number 2
-IssueDate 2021-01-01
-Paragraph 47
-Subparagraph b
-URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&num=2&code=ifrs-tx-2021-en-r&anchor=para_47_b&doctype=Standard
-URIDate 2021-03-24

+ Details

Name:	ifrs-full_DisclosureOfIndirectMeasurementOfFairValueOfGoodsOrServicesReceivedOtherEquityInstrumentsGrantedDuringPeriodExplanatory
Namespace Prefix:	ifrs-full_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

The disclosure of information about indirect, by reference to the fair value of the equity instruments granted, measurement of the fair value of goods or services received as consideration for the entity's share options.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Name IFRS
-Number 2
-IssueDate 2021-01-01
-Paragraph 47
-Subparagraph a
-URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&num=2&code=ifrs-tx-2021-en-r&anchor=para_47_a&doctype=Standard
-URIDate 2021-03-24

+ Details

Name:	ifrs-full_DisclosureOfIndirectMeasurementOfFairValueOfGoodsOrServicesReceivedShareOptionsGrantedDuringPeriodExplanatory
Namespace Prefix:	ifrs-full_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

The disclosure of the number and weighted average exercise prices of other equity instruments (ie other than share options).

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Name IFRS
-Number 2
-IssueDate 2021-01-01
-Paragraph 45
-URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&num=2&code=ifrs-tx-2021-en-r&anchor=para_45&doctype=Standard
-URIDate 2021-03-24

+ Details

Name:	ifrs-full_DisclosureOfNumberAndWeightedAverageExercisePricesOfOtherEquityInstrumentsExplanatory
Namespace Prefix:	ifrs-full_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

The disclosure of the number and weighted average exercise prices of share options. [Refer: Weighted average [member]]

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Name IFRS
-Number 2
-IssueDate 2021-01-01
-Paragraph 45
-Subparagraph b
-URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&num=2&code=ifrs-tx-2021-en-r&anchor=para_45_b&doctype=Standard
-URIDate 2021-03-24

+ Details

Name:	ifrs-full_DisclosureOfNumberAndWeightedAverageExercisePricesOfShareOptionsExplanatory
Namespace Prefix:	ifrs-full_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration