XML 65 R22.htm IDEA: XBRL DOCUMENT
v3.10.0.1

Share Capital, Warrants and Options (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2018
SHARE CAPITAL, WARRANTS AND OPTIONS |
Schedule of Number and Weighted Average Exercise Prices of Warrants | A summary of common share purchase warrants activity during the nine months period ended September 30, 2018 is as follows:
|  | September 30, 2018 |  |  | December 31, 2017 |
|  | Number Outstanding |  |  | Weighted Average Exercise Price |  |  | Number Outstanding |  |  | Weighted Average Exercise Price |
Outstanding, beginning of the period |  |  | 176,175,413 |  |  |  | 0.12 |  |  |  | 95,982,036 |  |  |  | 0.15 |
Issued |  |  | 116,666,664 |  |  |  | 0.12 |  |  |  | 94,971,721 |  |  |  | 0.12 |
Cancelled / Expired |  |  | (34,869,241 | ) |  |  | 0.12 |  |  |  | (14,778,344 | ) |  |  | 0.30 |
Outstanding, end of the period |  |  | 257,972,836 |  |  |  | 0.12 |  |  |  | 176,175,413 |  |  |  | 0.12 |
Schedule of Number and Weighted Average Remaining Contractual Life of Outstanding Warrants | At September 30, 2018, the Company had outstanding common share purchase warrants exercisable to acquire common shares of the Company as follows:
Warrants Outstanding |  | Expiry Date |  |  | Exercise Price ($) |  |  | Weighted Average remaining contractual life (years) |
72,515,414 |  |  | June 8, 2019 |  |  |  | 0.12 |  |  |  | 0.19 |
1,965,083 |  |  | June 8, 2019 |  |  |  | 0.075 |  |  |  | 0.01 |
46,334,451 |  |  | Jul 21, 20191,2 |  |  |  | 0.12 |  |  |  | 0.14 |
20,491,224 |  |  | August 15, 2019 |  |  |  | 0.12 |  |  |  | 0.07 |
116,666,664 |  |  | April 19, 2020 |  |  |  | 0.12 |  |  |  | 0.70 |
257,972,836 |  |  |  |  |  |  |  |  |  |  | 1.11 |
1 The warrants are subject to an acceleration clause such that if the volume-weighted average trading price of the Company’s common shares on the TSX-V exceeds $0.18 per common share for a period of 10 consecutive trading days at any date before the expiration date of such warrants, the Company may, at its option, accelerate the warrant expiry date to within 30 days. To September 30, 2018, the Company’s common shares have not met the criterion for acceleration. 2 On May 28, 2018, the Company applied to the TSXV to extend the expiry date of 46,334,451 common share purchase warrants of the Company. The warrants were originally granted pursuant to a public offering of units of the Company, which closed on July 21, 2016. The warrants are exercisable for common shares of the Company at a price of $0.12 per common share and are set to expire on July 21, 2018. The Company proposed to extend the expiry date of the warrants by an additional twelve months to July 21, 2019. All other terms of the warrants, including the exercise price, will remain the same. On September 1, 2018, TSXV approved the proposed term extension of the warrants.
Schedule of Number and Weighted Average Exercise Prices of Share Options | A summary of option activity under the Plan during the nine months period ended September 30, 2018 is as follows:
|  | September 30, 2018 |  |  | December 31, 2017 |
|  | Number Outstanding |  |  | Weighted Average Exercise Price |  |  | Number Outstanding |  |  | Weighted Average Exercise Price |
Outstanding, beginning of the period |  |  | 20,720,500 |  |  |  | 0.23 |  |  |  | 12,823,000 |  |  |  | 0.30 |
Issued |  |  | 6,425,000 |  |  |  | 0.12 |  |  |  | 9,137,500 |  |  |  | 0.12 |
Cancelled / Expired |  |  | (1,200,000 | ) |  |  | 0.18 |  |  |  | (1,240,000 | ) |  |  | 0.24 |
Exercised |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Outstanding, end of the period |  |  | 25,945,500 |  |  |  | 0.18 |  |  |  | 20,720,500 |  |  |  | 0.23 |
Schedule of Inputs to Option Pricing Model | The fair value of stock options granted and vested during the period ended September 30, 2018 and September 30, 2017 was calculated using the following assumptions:
|  | September 30, 2018 |  |  | September 30, 2017 |
Expected dividend yield |  |  | 0 | % |  |  | 0 | %
Expected share price volatility |  |  | 96.9%-101 | % |  |  | 100.6 | %
Risk free interest rate |  |  | 2.04%- 2.17 | % |  |  | 1.17 | %
Expected life of options |  |  | 5 years |  |  |  | 5 years |
Schedule of Number and Weighted Average Remaining Contractual Life of Outstanding Share Options | Details of options outstanding as at September 30, 2018 are as follows:
Options Outstanding |  |  | Options Exercisable |  |  | Expiry Date |  | Exercise Price |  |  | Weighted average remaining contractual life (years) |
| 2,440,000 |  |  |  | 2,440,000 |  |  | Jul 9, 2019 |  |  | 0.62 |  |  |  | 0.07 |
| 200,000 |  |  |  | 200,000 |  |  | Aug 27, 2019 |  |  | 0.37 |  |  |  | 0.01 |
| 100,000 |  |  |  | 100,000 |  |  | Sep 26, 2019 |  |  | 0.26 |  |  |  | 0.00 |
| 350,000 |  |  |  | 350,000 |  |  | Nov 5, 2019 |  |  | 0.21 |  |  |  | 0.01 |
| 1,000,000 |  |  |  | 1,000,000 |  |  | Dec 19, 2019 |  |  | 0.22 |  |  |  | 0.05 |
| 900,000 |  |  |  | 900,000 |  |  | Feb 3, 2020 |  |  | 0.275 |  |  |  | 0.05 |
| 450,000 |  |  |  | 450,000 |  |  | Oct 5, 2020 |  |  | 0.20 |  |  |  | 0.03 |
| 5,443,000 |  |  |  | 5,443,000 |  |  | Jan 28, 2021 |  |  | 0.21 |  |  |  | 0.49 |
| 7,637,500 |  |  |  | 7,637,500 |  |  | Feb 21, 2022 |  |  | 0.12 |  |  |  | 1.00 |
| 1,000,000 |  |  |  | 1,000,000 |  |  | Dec 20, 2022 |  |  | 0.12 |  |  |  | 0.16 |
| 5,725,000 |  |  |  | 5,725,000 |  |  | Feb 28, 2023 |  |  | 0.12 |  |  |  | 0.97 |
| 500,000 |  |  |  | 500,000 |  |  | May 1, 2023 |  |  | 0.12 |  |  |  | 0.09 |
| 200,000 |  |  |  | 200,000 |  |  | May 4, 2023 |  |  | 0.12 |  |  |  | 0.04 |
| 25,945,500 |  |  |  | 25,945,500 |  |  |  |  |  |  |  |  |  | 2.97 |

X
- Definition Tabular disclosure of number and weighted average remaining contractual life of outstanding warrants. + References No definition available. + Details
Name: | NAN_DisclosureOfNumberAndWeightedAverageRemainingContractualLifeOfOutstandingWarrantsTableTextBlock
Namespace Prefix: | NAN_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | NAN_DisclosureOfShareCapitalWarrantsAndOptionsAbstract
Namespace Prefix: | NAN_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The disclosure of information about indirect, by reference to the fair value of the equity instruments granted, measurement of the fair value of goods or services received as consideration for the entity's share options. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 2 -IssueDate 2017-01-01 -Paragraph 47 -Subparagraph a -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&num=2&date=2017-03-01&anchor=para_47_a&doctype=Standard -URIDate 2017-03-09 + Details
Name: | ifrs-full_DisclosureOfIndirectMeasurementOfFairValueOfGoodsOrServicesReceivedShareOptionsGrantedDuringPeriodExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition The disclosure of the number and weighted average exercise prices of other equity instruments (ie other than share options). + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name IFRS -Number 2 -IssueDate 2017-01-01 -Paragraph 45 -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&num=2&date=2017-03-01&anchor=para_45&doctype=Standard -URIDate 2017-03-09 + Details
Name: | ifrs-full_DisclosureOfNumberAndWeightedAverageExercisePricesOfOtherEquityInstrumentsExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition The disclosure of the number and weighted average exercise prices of share options. [Refer: Weighted average [member]] + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 2 -IssueDate 2017-01-01 -Paragraph 45 -Subparagraph b -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&num=2&date=2017-03-01&anchor=para_45_b&doctype=Standard -URIDate 2017-03-09 + Details
Name: | ifrs-full_DisclosureOfNumberAndWeightedAverageExercisePricesOfShareOptionsExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition The disclosure of the number and weighted average remaining contractual life of outstanding share options. [Refer: Weighted average [member]] + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 2 -IssueDate 2017-01-01 -Paragraph 45 -Subparagraph d -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&num=2&date=2017-03-01&anchor=para_45_d&doctype=Standard -URIDate 2017-03-09 + Details
Name: | ifrs-full_DisclosureOfNumberAndWeightedAverageRemainingContractualLifeOfOutstandingShareOptionsExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration