Annual reports filed by certain Canadian issuers pursuant to Section 15(d) and Rule 15d-4

EQUITY (Tables)

v3.21.1
EQUITY (Tables)
 12 Months Ended
Dec. 31, 2020
Disclosure of classes of share capital [abstract]  
Disclosure of composition of share capital [Table Text Block]

 

 

December 31, 2020

 

December 31, 2019

 

 

Authorized

 

Issued and
outstanding

 

Authorized

 

Issued and
outstanding

 

 

Number of shares

 

 

 

 

 

 

 

 

 

Ordinary shares without par value

 

Unlimited

 

159,063,128

 

Unlimited

 

145,743,283
Disclosure of changes in issued and outstanding share capital [Table Text Block]
    Number
of shares		  
       
Balance as at January 1, 2019   122,827,490  
       
Issuance of shares in connection with 2019 private placement (1)   19,460,527  
Issuance of shares in connection with reverse acquisition (1)   3,455,266  
       
Balance as at December 31, 2019   145,743,283  
       
Ordinary shares issued as a result of Warrants and Compensation options exercised (2)   12,679,075  
Ordinary shares issued as a result of options exercises (c)   640,770  
       
Balance as at December 31, 2020   159,063,128  
Disclosure of detailed information about options, valuation assumptions [Table Text Block]

 

 

Year ended

December 31,

 

 

2020

 

2019

Exercise price (in CAD)

 

$0.4 - $2.14

 

$0.4

Dividend yield (%)

 

—

 

—

Expected life of share options (Years)

 

2.77 - 9

 

4.7—10

Volatility (%)

 

74.8 - 80.39

 

79

Annual risk-free rate (%)

 

0.25 - 0.37

 

1.18—1.78

Share price (in CAD)

 

$0.37 - $2.14

 

$0.34
Disclosure of number and weighted average exercise prices of share options [Table Text Block]
    Year ended December 31, 2020  
    Number of
options		     Weighted
average
exercise price		  
          in CAD  
             
Options outstanding at the beginning of the year   11,760,000     0.40  
             
Options granted during the year *)   3,620,000     1.06  
Options exercised during the year   (640,770 )   0.45  
Options forfeited during the year   (2,119,748 )   0.45  
             
Options outstanding at the end of year   12,619,482     0.55  
             
Options exercisable at the end of year   5,315,079     0.45  

 

    Year ended December 31, 2019  
    Number of
options		     Weighted
average
exercise price		  
          in CAD  
             
Options outstanding at the beginning of the year   —     —  
             
Options granted during the year *)   12,300,000     0.40  
Options exercised during the year   —     —  
Options forfeited during the year   (540,000 )   0.40  
             
Options outstanding at the end of year   11,760,000     0.40  
             
Options exercisable at the end of year   —     —