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Related Party Transactions

9 Months Ended

Sep. 30, 2019

Disclosure of transactions between related parties [abstract]

9.	RELATED PARTY TRANSACTIONS

The following amounts due to related parties are included in trade payables and accrued liabilities (Note 7):

(All amounts in table are expressed in thousands of Canadian dollars)

	September 30, 2019		December 31, 2018
Directors and officers of the Company		9		1

Total		9		1

These amounts are unsecured, non-interest bearing and have no fixed terms of repayment.

(a) Related party transactions

As of September 30, 2019, Sentient beneficially owns 36,,980,982 common shares on a post-consolidation basis constituting approximately 46.93% of the currently issued and outstanding common shares.

As of September 30, 2019, CATL beneficially owns 20,000,000 common shares on a post-consolidation basis constituting 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.

During the nine months period ended September 30, 2019, the Company recorded $121,716 (September 30, 2018 - $203,285) in fees charged by a legal firm in which the Company’s chairman is a consultant.

(b) Key management personnel are defined as members of the Board of Directors and senior officers.

Key management compensation was:

(All amounts in table are expressed in thousands of Canadian dollars)

	September 30, 2019		September 30, 2018
Geological consulting fees – expensed		86		78
Geological consulting fees – capitalized		-		18
Management fees – expensed		567		577
Salaries - expensed		142		127
Share-based payments		-		192
Total		795		992