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Warrants
3 Months Ended
Mar. 31, 2021
Warrants And Rights Note Disclosure [Abstract]  
Warrants

11.

WARRANTS

 

As of March 31, 2021, there were share purchase warrants outstanding to purchase up to 40,350,629 SVS shares:

 

Series

 

Number of

warrants

 

 

Weighted

average

exercise

price

 

Balance, December 31, 2020

 

 

42,772,992

 

 

$

0.90

 

Issued

 

 

 

 

 

 

Exercised

 

 

(2,422,363

)

 

 

0.65

 

Balance, March 31, 2021

 

 

40,350,629

 

 

$

0.92

 

 

 

As of March 31, 2021, the Company has the following warrants outstanding and exercisable.

 

Warrants Outstanding

 

 

Exercise Price

 

 

Expiry Date

 

7,000,000

 

 

$

1.00

 

 

November 21, 2021

 

4,511,278

 

 

$

1.33

 

 

November 21, 2021

 

2,010,050

 

 

$

1.99

 

 

November 21, 2021

 

10,861,850

 

 

$

C0.90

 

 

November 23, 2022

 

476,449

 

 

$

C0.70

 

 

November 23, 2022

 

12,135,922

 

 

$

0.82

 

 

December 17, 2022

 

2,230,080

 

 

$

0.67

 

 

January 29, 2023

 

625,000

 

 

$

C0.80

 

 

October 6, 2024

 

500,000

 

 

$

C0.80

 

 

October 6, 2025

 

40,350,629