XML 103 R40.htm IDEA: XBRL DOCUMENT

CAPITAL STOCK (Tables)

12 Months Ended

Dec. 31, 2018

Statements Line Items

Disclosure of number and weighted average exercise prices of share options [Table Text Block]

					Weighted Average
		Number			Exercise Price

Balance as at December 31, 2015		5,428,500		$	1.67
Granted		1,277,500			1.30
Exercised		(165,000	)		0.77
Expired		(1,729,500	)		2.66
Balance as at December 31, 2016		4,811,500			1.24
Granted		1,472,500			1.20
Exercised		(75,000	)		1.14
Forfeited		(961,500	)		1.97
Balance as at December 31, 2017		5,247,500			1.10
Granted		1,810,000			1.32
Exercised		(192,500	)		0.97
Forfeited		(122,500	)		1.10
Balance as at December 31, 2018		6,742,500		$	1.16

Number of options exercisable as at December 31, 2018		6,730,000		$	1.16

Disclosure of range of exercise prices of outstanding share options [Table Text Block]

Date Granted		Number of Options			Exercisable			Exercise Price $			Expiry Date

April 25, 2014		1,167,500			1,167,500			1.20			April 25, 2019
December 22, 2014		60,000			60,000			0.87			December 22, 2019
June 8, 2015		1,065,000			1,065,000			0.66			June 8, 2020
October 18, 2016		1,200,000			1,200,000			1.30			October 18, 2021
August 28, 2017		1,440,000			1,440,000			1.20			August 28, 2022
July 20, 2018*		1,640,000			1,627,500			1.30			July 20, 2023
September 20, 2018		75,000			75,000			1.42			September 20, 2023
November 28, 2018		75,000			75,000			1.57			November 28, 2023
December 14,2018		20,000			20,000			1.42			December 14, 2023

Total		6,742,500			6,730,000

*25,000 Options granted for investor relations services vest 25% every 3 months from the date of grant.

Disclosure of detailed information about restricted share units [Table Text Block]

Expiry Date	December 31, 2017	Granted	Vested	Expired/Cancelled	December 31, 2018
December 31, 2019	312,500	-	-	-	312,500
December 31, 2020	-	312,500	-	-	312,500

Disclosure of share-based payment arrangements [Table Text Block]

		General and
		Administrative			Exploration
Year ended December 31, 2018		Expenses			Expenditures			Total
Shares issued for services	$	99,975		$	166,477		$	266,452
RSU's vested		164,313			-			164,313
Fair value of stock options granted		767,463			622,496			1,389,959
	$	1,031,751		$	788,973		$	1,820,724

		General and
		Administrative			Exploration
Year ended December 31, 2017		Expenses			Expenditures			Total
Shares issued for services	$	85,500		$	272,990		$	358,490
Commitment to issue shares		-			23,825			23,825
RSU's vested		27,575			-			27,575
Fair value of stock options granted		562,979			442,770			1,005,749
	$	676,054		$	739,585		$	1,415,639

		General and
		Administrative			Exploration
Year ended December 31, 2016		Expenses			Expenditures			Total
Commitment to issue shares	$	27,462		$	-		$	27,462
Fair value of stock options granted		440,477			502,857			943,334
	$	467,939		$	502,857		$	970,796

Disclosure of detailed information about options, valuation assumptions [Table Text Block]

		Year ended			Year ended			Year ended
		December 31, 2018			December 31, 2017			December 31, 2016
Risk free interest rate		2.09%			1.53%			0.73%
Expected life (years)		5			5			5
Expected volatility		69.93%			70.81%			69.80%
Dividend yield		-			-			-

Disclosure of detailed information about warrants, activity [Table Text Block]

					Weighted Average
		Number			Exercise Price

Balance as at December 31, 2016		-		$	-
Issued		2,623,306			2.00
Balance as at December 31, 2017 and 2018		2,623,306		$	2.00

Disclosure of detailed information about warrants outstanding [Table Text Block]

		Number of Warrants			Exercise Price			Expiry Date

Private placement, April 12, 2017		2,500,004		$	2.00			April 12, 2019
Finders warrants, April 12, 2017		123,302		$	2.00			April 12, 2019
Total		2,623,306