Acquisition of Sunward Resources Ltd. (Tables)

12 Months Ended

Nov. 30, 2017

Acquisition of Sunward Resources Ltd [Abstract]

Schedule Of Acquisition Valuation Assumptions TextBlock [Table Text Block]

Assumptions used in the pricing model in the measurement of the fair value of the Sunward Arrangement Options are as follows:

Risk-free interest rates	0.62	%
Exercise price	CDN$0.54-6.27
Expected life	0.245 years
Expected forfeiture rate	0	%
Expected volatility	50.2	%
Expected dividends	Nil

Schedule of Business Acquisitions, by Acquisition [Table Text Block]

The following summarizes the consideration and the fair value of assets acquired and liabilities assumed as of the date of acquisition:

in thousands of dollars

	$
Consideration:
Common shares issued (43,116,312 at $0.53 per share)	22,851
Sunward Arrangement Options	108
Total consideration	22,959
Fair value of net assets acquired:
Cash	19,399
Accounts receivable	19
Deposits and prepaid amounts	104
Plant and equipment	343
Mineral properties and developments costs	3,264
Accounts payable and accrued liabilities	(170)
Net Assets	22,959