| Summary of Warrant Liability |
|
For the year ended December 31, 2020
|
|
Number of
Warrants
|
|
|
Amount
|
|
|
Opening Balance
|
|
|
21,203,411
|
|
|
$
|
3,621,444
|
|
|
Issue of warrants expiring, March 27, 2025
|
|
|
3,500,000
|
|
|
|
475,300
|
|
|
Issue of warrants expiring, November 6, 2025
|
|
|
2,757,252
|
|
|
|
508,200
|
|
|
Issue of warrants expiring, June 10, 2024
|
|
|
9,000,000
|
|
|
|
9,709,200
|
|
|
Warrants exercised during the year
|
|
|
(7,257,252
|
)
|
|
|
(5,948,771
|
)
|
|
Warrants expired during the year
|
|
|
(233,740
|
)
|
|
|
(26,198
|
)
|
|
Foreign exchange adjustment during the year
|
|
|
-
|
|
|
|
95,631
|
|
|
Fair value adjustment during the year
|
|
|
-
|
|
|
|
27,881,875
|
|
|
Balance at December 31, 2020
|
|
|
28,969,671
|
|
|
$
|
36,316,681
|
|
|
For the year ended December 31, 2019
|
|
Number of
Warrants
|
|
|
Amount
|
|
|
Opening Balance
|
|
|
13,901,859
|
|
|
$
|
11,250,167
|
|
|
Issue of warrants expiring, March 21, 2024
|
|
|
8,455,882
|
|
|
|
15,897,059
|
|
|
Warrants exercised during the year
|
|
|
(1,018,506
|
)
|
|
|
(3,742,824
|
)
|
|
Warrants expired during the year
|
|
|
(135,824
|
)
|
|
|
-
|
|
|
Foreign exchange adjustment during the year
|
|
|
-
|
|
|
|
17,687
|
|
|
Fair value adjustment during the year
|
|
|
-
|
|
|
|
(19,800,645
|
)
|
|
Balance at December 31, 2019
|
|
|
21,203,411
|
|
|
$
|
3,621,444
|
|
|
| Summary of Warrants Outstanding |
|
Listed Warrants
|
Expiry date
|
|
Exercise
Price CDN$
|
|
|
Number issued
|
|
|
Number
outstanding
|
|
|
TMD.W.T.G
|
12-Feb-21
|
|
$
|
30.00
|
|
|
|
447,253
|
|
|
|
444,920
|
|
|
TMD.W.T.H
|
31-Mar-21
|
|
$
|
36.00
|
|
|
|
577,106
|
|
|
|
577,106
|
|
|
TMD.W.T.I
|
20-Sep-21
|
|
$
|
22.50
|
|
|
|
637,111
|
|
|
|
637,111
|
|
|
Balance at December 31, 2020
|
|
|
|
|
|
|
|
1,661,470
|
|
|
|
1,659,137
|
|
|
Unlisted Warrants (in CDN$)
|
Expiry date
|
|
Exercise
Price CDN$
|
|
|
Number issued
|
|
|
Number
outstanding
|
|
|
March 2017
|
16-Mar-21
|
|
$
|
15.00
|
|
|
|
357,787
|
|
|
|
355,253
|
|
|
June 2017
|
29-Jun-22
|
|
$
|
6.00
|
|
|
|
1,983,522
|
|
|
|
446,377
|
|
|
August 2017
|
24-Aug-22
|
|
$
|
6.00
|
|
|
|
563,067
|
|
|
|
563,067
|
|
|
December 2017
|
5-Dec-22
|
|
$
|
18.00
|
|
|
|
1,533,333
|
|
|
|
1,533,333
|
|
|
April 2018
|
10-Apr-18
|
|
$
|
10.50
|
|
|
|
1,295,554
|
|
|
|
1,295,554
|
|
|
Balance at December 31, 2020
|
|
|
|
|
|
|
|
5,733,263
|
|
|
|
4,193,584
|
|
|
Unlisted Warrants (in USD$)
|
Expiry date
|
|
Exercise
Price USD$
|
|
|
Number issued
|
|
|
Number
outstanding
|
|
|
August 20181
|
10-Aug-23
|
|
$
|
2.9200
|
|
|
|
7,679,574
|
|
|
|
6,661,068
|
|
|
March 20192
|
21-Mar-24
|
|
$
|
3.9500
|
|
|
|
8,455,882
|
|
|
|
8,455,882
|
|
|
March 2020
|
27-Mar-25
|
|
$
|
0.1900
|
|
|
|
3,500,000
|
|
|
|
-
|
|
|
May 2020
|
6-Nov-25
|
|
$
|
0.3002
|
|
|
|
2,757,252
|
|
|
|
-
|
|
|
June 2020
|
10-Jun-24
|
|
$
|
1.0000
|
|
|
|
9,000,000
|
|
|
|
8,000,000
|
|
|
Balance at December 31, 2020
|
|
|
|
|
|
|
|
31,392,708
|
|
|
|
23,116,950
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Warrants Outstanding
|
|
|
|
|
|
|
|
38,787,441
|
|
|
|
28,969,671
|
|
Note 1 – includes a ratchet clause triggered August 29, 2019, lowering the exercise price from $3.20 to $2.92.
Note 2 – includes a ratchet clause triggered August 29, 2019, lowering the exercise price from $4.00 to $3.95.
|