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SHARE-BASED PAYMENTS | 12 Months Ended
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Dec. 31, 2017
Statement [Line Items] |
SHARE-BASED PAYMENTS [Text Block] |
9. | SHARE-BASED PAYMENTS
The following is a summary of stock options granted by the Company in 2016 and the fair value assigned to the grant. The Company did not grant stock options in 2017. The fair value was calculated at the time of grant using the Black-Scholes option pricing model and the following inputs and assumptions:
Inputs and assumptions |  | September 12, 2016 |
Stock options granted |  | 1,550,000 |
Exercise price | $ | 0.96 |
Market price | $ | 0.96 |
Expected option term (years) |  | 3.0 |
Expected stock price volatility |  | 59.3% |
Average risk-free interest rate |  | 0.60% |
Expected forfeiture rate |  | - |
Expected dividend yield |  | - |
FAIR VALUE ASSIGNED |  | 592,000 |

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- Definition Additional information about share-based payment arrangements necessary to satisfy the disclosure requirements of IFRS 2. [Refer: Share-based payment arrangements [member]] + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 2 -IssueDate 2017-01-01 -Paragraph 52 -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&num=2&date=2017-03-01&anchor=para_52&doctype=Standard -URIDate 2017-03-09 + Details
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