XML 37 R14.htm IDEA: XBRL DOCUMENT
v3.20.1

WARRANTS AND STOCK OPTIONS | 12 Months Ended
--- | ---
Dec. 31, 2019
Warrants And Stock Options [Abstract] |
WARRANTS AND STOCK OPTIONS [Text Block] | 9. WARRANTS AND STOCK OPTIONS a. Warrants The Company issued 1,452,533 warrants on February 8, 2018. All outstanding warrants have an exercise price of $1.75 and a remaining contractual life of 0.11 years.
|  | Number of warrants |  |  | Weighted average exercise price |
|  |  |  |  | $ |
DECEMBER 31, 2018 |  | 1,452,533 |  |  | 1.75 |
Issued |  | - |  |  | - |
DECEMBER 31, 2019* |  | 1,452,533 |  |  | 1.75 |
*Above warrants expired subsequent to December 31, 2019. b. Stock options Based on the Company's stock option plan, most recently approved by the Company's shareholders at the annual general meeting held on May 30, 2018, Western may issue stock options for the purchase of up to 10% of issued capital. The exercise price of the stock options must be greater than, or equal to, the market value of the Company's common shares on the last trading day immediately preceding the date of grant. Stock options vest over a two year period from the date of grant unless otherwise determined by the directors. The maximum stock option term is 10 years. At December 31, 2019, the Company could issue an additional 4,613,599 stock options under the terms of the stock option plan. A summary of the Company's stock options outstanding and the changes for the years then ended, is presented below:
|  | Number of stock options |  |  | Weighted average exercise price |
|  |  |  |  | $ |
DECEMBER 31, 2017 |  | 4,283,335 |  |  | 0.76 |
Granted |  | 2,325,000 |  |  | 1.20 |
Exercised |  | (1,225,000 | ) |  | 0.60 |
Forfeited |  | (183,334 | ) |  | 1.16 |
DECEMBER 31, 2018 |  | 5,200,001 |  |  | 0.98 |
Granted |  | 2,075,000 |  |  | 0.87 |
Exercised |  | (125,000 | ) |  | 0.58 |
Expired |  | (850,000 | ) |  | 0.90 |
Forfeited |  | (150,000 | ) |  | 1.20 |
DECEMBER 31, 2019 |  | 6,150,001 |  |  | 0.96 |
Stock options outstanding are as follows:
Stock options outstanding, by exercise price | Number of Stock options | Weighted average exercise price | Average remaining contractual life
|  | $ | years
$0.50 - 0.67 | 716,667 | 0.52 | 0.55
0.75 | 400,000 | 0.75 | 4.31
0.90 | 1,675,000 | 0.90 | 4.47
$0.96 | 1,333,334 | 0.96 | 1.70
$1.20 | 2,025,000 | 1.20 | 3.14
DECEMBER 31, 2019 | 6,150,001 | 0.96 | 2.96
Of the total stock options outstanding, 3,400,001 were vested and exercisable at December 31, 2019. The weighted average exercise price of vested stock options is $0.96 and the average remaining contractual life is 2.03 years.

X
- Definition The disclosure of warrants and stock options. + References No definition available. + Details
Name: | wrn_DisclosureOfWarrantsAndStockOptionsExplanatoryTextBlock
Namespace Prefix: | wrn_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Disclosure of warrants and stock options. + References No definition available. + Details
Name: | wrn_WarrantsAndStockOptionsAbstract
Namespace Prefix: | wrn_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration