Financial instruments

6 Months Ended

Jun. 30, 2012

Financial instruments

13. Financial instruments

In all material respects, the carrying amounts for the Company’s cash and cash equivalents, amounts receivable, accounts payable and accrued liabilities approximate their fair values due to the short term nature of these instruments. Investments at June 30, 2012 and December 31, 2011 are recorded at fair values (note 4).