NOTE 16 RESTRICTED CASH

The following table provides a reconciliation of cash, cash equivalents, and restricted cash reported within the statement of financial position that sum to the total of the same such amounts shown in the statement of cash flows.


	March 31,		December 31,
	2018		2017
Cash and cash equivalents	$	29,904	$	27,153
Restricted cash		8,837		10,000
Total cash, cash equivalents, and restricted cash shown in the statement of cash flows	$	38,741	$	37,153

Amounts included in restricted cash represent the remaining proceeds from the sale of flow-through common shares (within the meaning of subsection 66(15) of the Income Tax Act (Canada)) as described in Note 8 Shareholders’ Equity. The proceeds are required by the Income Tax Act (Canada) to be used as payment for generative exploration activities at the Company’s Canadian properties. The entire proceeds are to be utilized to fund exploration activities during 2018, at which point the restriction will lapse. As of March 31, 2018, $1.2 million of the proceeds had been spent.