XML 18 R8.htm IDEA: XBRL DOCUMENT v3.22.2.2
SIGNIFICANT ACCOUNTING ISSUES
9 Months Ended
Sep. 30, 2022
SIGNIFICANT ACCOUNTING ISSUES  
SIGNIFICANT ACCOUNTING ISSUES

NOTE 2 SIGNIFICANT ACCOUNTING ISSUES

Flow-through Issuance and Equity Financing

During the nine months ended September 30, 2022, the Company completed a Canadian Exploration Expenditures (“CEE”) flow-through common share financing for gross proceeds of $15.1 million. In March 2022, the Company issued a $15.0 million unsecured subordinated promissory note and amended the terms of its $50.0 million senior secured term loan facility (Note 10). In June 2022 and August 2022, a subsidiary of the Company secured an additional $15.0 million and $28.9 million, respectively, of equity financing for its Los Azules project in Argentina (Note 18).

During the nine months ended September 30, 2021, the Company raised gross proceeds of $12.7 million through a Canadian Development Expenses (“CDE”) flow-through common share issuance and proceeds of $31.5 million through an equity financing (Note 12). In addition, a subsidiary of the Company secured an additional $40.0 million of equity financing for its Los Azules project in Argentina (Note 18).