8. STOCK-BASED COMPENSATION (Tables)

6 Months Ended

May 31, 2013

Stock-Based Compensation Tables

Fair value assumtions used

2008 Option Plan:

Three Months Ended	May 31, 2012		May 31, 2013
Exercise price ($)		7.67		N/A
Risk-free interest rate	1.92%			N/A
Expected term (Years)		10		N/A
Expected volatility	100%			N/A
Expected dividend yield		0%		N/A
Fair value of option ($)	6.86			N/A
Expected forfeiture rate	Nil			N/A

2012 Option Plan:

Three Months Ended	May 31, 2012		May 31, 2013
Exercise price ($)		N/A		3.94
Risk-free interest rate	N/A			0.78%
Expected term (Years)		N/A		5
Expected volatility	N/A			100%
Expected dividend yield		N/A		0%
Fair value of option ($)	N/A			2.92
Expected forfeiture rate	N/A			Nil

Stock option activities

2008 Option Plan:

	Number of options
Outstanding as of November 30, 2011		338,983
Granted		44,327
Exercised		—
Cancelled/forfeited		—
Outstanding as of May 31, 2012, November 30, 2012 and May 31, 2013		383,310

2012 Option Plan:

	Number of options
Outstanding as of November 30, 2012		—
Granted		100,000
Exercised		—
Cancelled/forfeited		—
Outstanding as of May 31, 2013		100,000