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Supplemental Cash Flow Information and Material NonCash Transactions
12 Months Ended
Dec. 31, 2012
Supplemental Cash Flow Information and Material Non Cash Transactions [Abstract]  
Supplemental Cash Flow Information and Material NonCash Transactions

14. Supplemental Cash Flow Information and Material Non-Cash Transactions

 

As of December 31, 2012 and 2011, all of our cash was held in liquid bank deposits.

 

Significant non-cash transactions during the year ended December 31, 2012 included the issuance of 166,667 compensation warrants as compensation to the finders that provided services in connection with our July 2012 Offering (Note 8).

 

Significant non-cash transactions during the year ended December 31, 2011 included the receipt of 30,402,615 Midas Gold shares with a fair value of $78,872 in exchange for our Yellow Pine assets (Note 4) and the issuance of 450,000 compensation options as compensation to the Underwriters’ of our April 20, 2011 equity financing (Note 8).

 

Significant non-cash transactions during the year ended December 31, 2010 included the issuance of 1,902,684 Common Shares as partial consideration for the repurchase of convertible debt in the principal and interest payable amount of $6,358 and the issuance of compensation options and special warrants to finders and agents as part of our 2010 private placement of special warrants.