Share capital (Tables)

6 Months Ended

May 31, 2021

Share capital

Schedule of common stock outstanding roll forward

	in thousands of dollars, except share amounts
	Number of shares	Ascribed value
		$
November 30, 2019	140,427,761	177,971
Exercise of options	3,297,588	1,133
Restricted Share Units	412,501	642
November 30, 2020	144,137,850	179,746
Exercise of options	308,635	642
May 31, 2021, issued and outstanding	144,446,485	180,388

Schedule of assumptions used in the pricing model

	May 31, 2021
Risk-free interest rates	0.31%
Exercise price	1.98
Expected life	3 years
Expected volatility	64.4%
Expected dividends	Nil

Summary of the company's stock option plan

	May 31, 2021
		Weighted average
		exercise price
	Number of options	$
Balance – beginning of the year	8,647,500	1.84
Granted	3,374,150	2.09
Exercised	(767,000)	1.67
Cancelled	(131,334)	2.52
Balance – end of the period	11,123,316	2.03

Summary of information about stock options

	Outstanding			Exercisable		Unvested
			Weighted		Weighted
	Number of	Weighted	average	Number of	average	Number of
	outstanding	average years	exercise price	exercisable	exercise price	unvested
Range of exercise price	options	to expiry	$	options	$	options
$0.58 to $1.00	1,440,000	1.09	0.73	1,440,000	0.73	—
$1.01 to $1.50	75,000	1.56	1.22	75,000	1.22	—
$1.50 to $2.00	865,000	3.48	1.96	865,000	1.96	—
$2.01 to $2.50	8,705,816	3.87	2.25	5,529,479	2.29	3,176,337
$2.51 to $3.00	37,500	2.97	2.82	37,500	2.82	—
	11,123,316	3.46	2.03	7,946,979	1.97	3,176,337

Schedule of restricted share Units and deferred share units plans

	Number of DSUs
Balance – beginning of the year	1,218,520
Granted	35,406
Balance – end of the period	1,253,926