XML 67 R5.htm IDEA: XBRL DOCUMENT v3.20.1
Consolidated Statements of Cash Flows - CAD ($)
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Operating activities    
(Loss) income for the year $ (1,663,674) $ 1,150,637
Adjustments for:    
Amortization 79,923 11,383
Stock-based compensation 515,620 500,742
Gain on sale of net smelter return royalty   (7,067,703)
Change in fair value of marketable securities (3,334,120) 3,334,120
Realized loss on sale of marketable securities 2,682,350 868,340
Changes in non-cash working capital items:    
Receivables 128,011 (161,005)
Prepaid expenses and deposits 229,496 67,564
Trade payables and accrued liabilities (28,433) (48,361)
Net cash flows used in operating activities (1,390,827) (1,344,283)
Investing activities    
Expenditures on exploration and evaluation assets (1,866,032) (4,793,432)
Net proceeds on the sale of net smelter return royalty   520,080
Proceeds from the sale of marketable securities, net of costs 3,335,330 1,438,980
Purchase of equipment (3,594) (72,364)
Reclamation deposit   (44,100)
Net cash flows from (used in) investing activities 1,465,704 (2,950,836)
Financing activities    
Proceeds on issuance of common shares 1,213,500 670,750
Share issue costs   (36,370)
Principal repayment of lease obligation (53,584)  
Net cash flows from financing activities 1,159,916 634,380
Increase (decrease) in cash and cash equivalents 1,234,793 (3,660,739)
Cash and cash equivalents, beginning 405,849 4,066,588
Cash and cash equivalents, ending 1,640,642 405,849
Cash 297,977 394,349
Cash equivalents 1,342,665 11,500
Cash received for interest 1,763 39,047
Cash paid for interest 25,211  
Cash paid for taxes $ 0 $ 0