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Commitment

3 Months Ended

Feb. 28, 2014

9 Commitment

On January 25, 2013, the Company entered into a commitment to lease office space effective May 1, 2013 for a period of four years. The future minimum lease payments as at February 28, 2014 are approximately as follows.

		in thousands of dollars
		February 28, 2014
		$
2014		126
2015		177
2016		187
2017		80
Total		570

- Definition

The entire disclosure for significant arrangements with third parties, which includes operating lease arrangements and arrangements in which the entity has agreed to expend funds to procure goods or services, or has agreed to commit resources to supply goods or services, and operating lease arrangements. Descriptions may include identification of the specific goods and services, period of time covered, minimum quantities and amounts, and cancellation rights.

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