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CONDENSED CONSOLIDATED INTERIM STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
May. 31, 2015
May. 31, 2014
May. 31, 2015
May. 31, 2014
Operating activities:        
Net loss $ (9,184) $ (10,681) $ (18,483) $ (21,372)
Adjustments to reconcile net income to net cash used in operating activities:        
Depreciation 9 8 18 18
Deferred income taxes (6) 44 4 (6)
Foreign exchange (gain) loss 247 1,101 (3,215) (1,348)
Share-based compensation 728 1,907 6,057 6,565
Equity losses of affiliates 3,939 3,616 6,561 7,237
Write-down of investments 426 0 426 0
Other 1,287 1,095 2,686 2,785
Withholding tax on share based compensation 0 0 (827) (636)
Net change in operating assets and liabilities (note 10) 18 2,436 (1,385) 1,069
Net cash used in operations (2,536) (474) (8,158) (5,688)
Investing activities:        
Additions to property and equipment 0 0 0 (22)
Proceeds from term deposits 50,000 60,000 95,000 110,000
Purchases of term deposits (45,000) (55,000) (85,000) (105,000)
Funding of affiliates (3,934) (5,569) (6,462) (9,191)
Net cash provided from (used in) investing activities 1,066 (569) 3,538 (4,213)
Financing activities:        
Repayment of debt (15,829) 0 (15,829) 0
Net cash provided from financing activities (15,829) 0 (15,829) 0
Effect of exchange rate changes on cash 38 50 (180) (32)
Decrease in cash and cash equivalents (17,261) (993) (20,629) (9,933)
Cash and cash equivalents at beginning of period 66,957 72,322 70,325 81,262
Cash and cash equivalents at end of period $ 49,696 $ 71,329 $ 49,696 $ 71,329