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CONDENSED CONSOLIDATED INTERIM STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
May 31, 2016
May 31, 2015
May 31, 2016
May 31, 2015
Operating activities:        
Net loss $ (9,138) $ (9,184) $ (19,115) $ (18,483)
Adjustments to reconcile net income to net cash used in operating activities:        
Equity losses of affiliates 2,822 3,939 5,019 6,561
Share-based compensation 1,869 728 6,577 6,057
Interest on promissory note 1,153 1,026 2,244 2,021
Depreciation 8 9 17 18
Deferred income taxes (83) (6) (86) 4
Foreign exchange (gain) loss 797 247 272 (3,215)
Write-down of investments 0 426 0 426
Other (146) 261 65 665
Withholding tax on share-based compensation 0 0 (4,275) (827)
Net change in operating assets and liabilities (note 11) 570 18 (602) (1,385)
Net cash used in operations (2,148) (2,536) (9,884) (8,158)
Investing activities:        
Proceeds from term deposits 45,000 50,000 85,000 95,000
Purchases of term deposits (45,000) (45,000) (80,000) (85,000)
Funding of affiliates (3,130) (3,934) (5,193) (6,462)
Net cash used in investing activities (3,130) 1,066 (193) 3,538
Financing activities:        
Repayment of debt 0 (15,829) 0 (15,829)
Net cash used in financing activities 0 (15,829) 0 (15,829)
Effect of exchange rate changes on cash 83 38 89 (180)
Decrease in cash and cash equivalents (5,195) (17,261) (9,988) (20,629)
Cash and cash equivalents at beginning of period 36,938 66,957 41,731 70,325
Cash and cash equivalents at end of period $ 31,743 $ 49,696 $ 31,743 $ 49,696