SHARE-BASED PAYMENTS (Tables)

3 Months Ended

Mar. 31, 2019

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Schedule of share-based payments expense

The components of share-based payments expense are detailed in the table below.

	Date of grant	Contractual life	Number	Exercise price (C$)	March 31, 2018 ($)	March 31, 2017 ($)	Share price (C$)	Risk-free rate	Volatility	Dividend yield	Expected life (years)
Deferred stock unit grant	December 1, 2016	December 1, 2021	917,500	1.50	53,562	66,569	1.50	1%	108%	Nil	5
Deferred stock unit grant	December 1, 2016	December 1, 2021	272,500	N/A	19,855	25,379	1.50	1%	108%	Nil	5
					$73,417	91,948

Schedule of stock options and deferred stock units outstanding

As at March 31, 2018, the Company has the following stock options and deferred stock units:

Award	Fair Value		Units	Number of units vested	Weighted Average Exercise Price (C$)
		Contractual
		Life (years)
Options	493,080	3.67	562,500	562,500	0.50
Fully vested options	210,961	3.67	187,500	187,500	-
Deferred stock units	304,405	3.67	272,500	76,634	-
Deferred stock units	798,517	3.67	917,500	259,767	0.50
Total	1,806,963		1,940,000	1,086,401