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Related Party Transactions | 9 Months Ended
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Sep. 30, 2018
Disclosure of transactions between related parties [abstract] |
Related Party Transactions |
9. | RELATED PARTY TRANSACTIONS
The following amounts due to related parties are included in trade payables and accrued liabilities (Note 7):
|  | September 30, 2018 |  |  | December 31, 2017 |
Directors and officers of the Company |  |  | 1 |  |  |  | 42 |
Total |  |  | 1 |  |  |  | 42 |
These amounts are unsecured, non-interest bearing and have no fixed terms of repayment.
| (a) | Related party transactions
During the nine months period ended September 30, 2018, the Company recorded $203 (September 30, 2017 - $231) in fees charged by a legal firm which retains the Chairman as a counsel. During the nine months period ended September 30, 2018, Sentient subscribed for 13,333,333 units under the placement for a total purchase price of $1,000. As part of the subscription, Sentient was granted 6,666,666 common share purchase warrants exercisable at $0.12 until April 19, 2020. As of September 30, 2018, Sentient beneficially owns 369,809,820 common shares constituting approximately 46.93% of the currently issued and outstanding Common Shares. During the nine months period ended September 30, 2018, CATL subscribed for 200,000,000 units under the placement for a total purchase price of $15,000. As part of the subscription, CATL was granted 100,000,000 common share purchase warrants exercisable at $0.12 until April 19, 2020. As of September 30, 2018, CATL beneficially owns, or exercises control or direction over approximately 25.38% of the currently issued and outstanding shares of the Company. CATL has pre-emptive rights and the right to nominate one director to the board of directors of the Company. 2017 On August 15, 2017, Sentient subscribed for a total of 38,666,666 units under the private placement equity financing transaction for a total net proceeds of $2,900. As part of the subscription, Sentient was granted 19,333,333 common share purchase warrants exercisable at $0.12 until August 15, 2019. On June 8, 2017, Sentient acquired 94,666,666 units in the equity financing for net proceeds of $7,100. As part of the Offering, Sentient was granted 47,333,333 common share purchase warrants exercisable at $0.12 until June 8, 2019.
| (b) | Key management personnel are defined as members of the Board of Directors and senior officers.
Key management compensation was:
|  | September 30, 2018 |  |  | September 30, 2017 |
Geological consulting fees – expensed |  |  | 78 |  |  |  | 10 |
Geological consulting fees – capitalized |  |  | 18 |  |  |  | 140 |
Management fees – expensed |  |  | 577 |  |  |  | 539 |
Salaries - expensed |  |  | 127 |  |  |  | 88 |
Share-based payments |  |  | 192 |  |  |  | 331 |
Total |  |  | 992 |  |  |  | 1,108 |

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