Share capital (Tables)

3 Months Ended

Feb. 28, 2022

Share capital.

Schedule of common stock outstanding roll forward

	in thousands of dollars, except share amounts
	Number of shares	Ascribed value
		$
November 30, 2021	145,009,811	180,820
Exercise of options	31,674	50
Restricted Share Units	391,332	650
Joint venture equity contribution (note 3(b))	31,469	51
February 28, 2022, issued and outstanding	145,464,286	181,571

Schedule of assumptions used in the pricing model

	February 28, 2022
Risk-free interest rates	1.07%
Exercise price	CDN$2.20
Expected life	3 years
Expected volatility	60.6%
Expected dividends	Nil

Summary of the company's stock option plan

	February 28, 2022
		Weighted average
		exercise price
	Number of options	CDN$
Balance – beginning of the period	10,539,324	2.54
Granted	1,734,500	2.21
Exercised	(31,674)	0.70
Balance – end of the period	12,242,150	2.50

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 (CDN$)	options	to expiry	CDN$	options	CDN$	options
$0.50 to $1.00	50,000	0.19	0.94	50,000	0.94	—
$1.01 to $1.50	870,000	0.77	1.05	870,000	1.05	—
$2.01 to $2.50	2,599,500	4.10	2.26	1,676,498	2.29	923,002
$2.51 to $3.00	6,925,150	3.20	2.64	5,530,314	2.66	1,394,836
$3.01 to $3.41	1,797,500	2.82	3.03	1,797,500	3.03
	12,242,150	3.15	2.50	9,924,312	2.51	2,317,838

Schedule of restricted share Units and deferred share units plans

	Number of RSUs	Number of DSUs
Balance – beginning of the period	—	1,277,445
Granted	648,600	160,740
Vested	(391,332)	—
Balance – end of the period	257,268	1,438,185