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CONSOLIDATED STATEMENTS OF CASH FLOWS
12 Months Ended
Dec. 31, 2017
CAD
Dec. 31, 2016
CAD
Cash flows (used in) from operating activities    
Loss for the year CAD (56,830,610) CAD (17,531,665)
Items not involving cash:    
Depreciation 758,063 626,964
Share-based payments 9,183,667 8,100,213
Amortization of deferred lease inducement (40,096) (40,096)
Impairment of exploration and evaluation assets 87,749 964,858
Unrealized foreign exchange loss (gain) on cash and cash equivalents (258,399) (965,084)
Deferred income tax expense (recovery) (33,312) 75,776
Mark to market loss (gain) on convertible debentures 27,522,985 (3,311,719)
Interest expense 8,693,847 3,487,001
Loss on disposal of equipment 24,905 0
Shares of subsidiary issued for business acquisition 0 302,881
Changes in non-cash working capital items:    
Amounts receivable 259,378 (501,147)
Prepaid expenses (86,300) 131,123
Accounts payable and accrued liabilities (416,299) 641,395
Deposits (10,075) (5,452)
Net cash flows from (used in) operating activities (11,144,497) (8,024,952)
Cash flows (used in) from investing activities    
Acquisition of exploration and evaluation assets (35,960,842) (41,148,844)
Acquisition of equipment (1,859,729) (2,883,571)
Sale and maturity (acquisition) of short-term investments 47,455,100 (47,455,100)
Receipt of deferred lease inducement payment 0 193,799
Net cash flows from (used in) investing activities 9,634,529 (91,293,716)
Cash flows (used in) from financing activities    
Cash from exercise of options and warrants, net of share issuance costs 3,985,175 10,583,230
Shares issued for cash from private placements, net of share issuance costs 60,225,368 0
Shares of subsidiary issued to non-controlling interests for cash, net of share issuance costs 1,017,249 10,132,835
Shares issued in connection with issuance of convertible debentures 2,258,820 2,292,480
Issuance of convertible debentures 73,035,180 74,123,520
Interest paid on convertible debentures (5,416,686) (1,992,150)
Net cash flows from (used in) financing activities 135,105,106 95,139,915
Change in cash and cash equivalents 133,595,138 (4,178,753)
Cash and cash equivalents, beginning of period 31,090,313 34,303,982
Effect of exchange rate fluctuations on cash held 258,399 965,084
Cash and cash equivalents at end of period 164,943,850 31,090,313
Cash and cash equivalents consist of:    
Cash 153,329,808 9,295,803
Cash equivalents CAD 11,614,042 CAD 21,794,510