08/04/2022 | Press release | Distributed by Public on 08/04/2022 15:14
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New Issue
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August 4, 2022
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Page
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GENERAL MATTERS
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| | | | S-1 | | |
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS
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| | | | S-2 | | |
DOCUMENTS INCORPORATED BY REFERENCE
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| | | | S-4 | | |
DOCUMENTS FILED AS PART OF THE U.S. REGISTRATION STATEMENT
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| | | | S-5 | | |
THE OFFERING
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THE CORPORATION
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| | | | S-6 | | |
BUSINESS OF THE CORPORATION
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CONSOLIDATED CAPITALIZATION
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USE OF PROCEEDS
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PLAN OF DISTRIBUTION
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DESCRIPTION OF SECURITIES BEING DISTRIBUTED
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| | | | S-9 | | |
PRIOR SALES
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TRADING PRICE AND VOLUME
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| | | | S-10 | | |
RISK FACTORS
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| | | | S-11 | | |
CERTAIN CANADIAN FEDERAL INCOME TAX CONSIDERATIONS
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| | | | S-13 | | |
CERTAIN U.S. FEDERAL INCOME TAX CONSIDERATIONS
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| | | | S-14 | | |
LEGAL MATTERS
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| | | | S-19 | | |
AUDITOR, TRANSFER AGENT AND REGISTRAR
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| | | | S-20 | | |
AGENT FOR SERVICE OF PROCESS
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| | | | S-20 | | |
STATUTORY RIGHTS OF WITHDRAWAL AND RESCISSION
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| | | | S-20 | | |
ENFORCEABILITY OF CIVIL LIABILITIES
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| | | | S-20 | | |
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Page
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GENERAL MATTERS
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| | | | 1 | | |
EXCHANGE RATE INFORMATION
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CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS
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| | | | 2 | | |
DOCUMENTS INCORPORATED BY REFERENCE
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| | | | 4 | | |
DOCUMENTS FILED AS PART OF THE U.S. REGISTRATION STATEMENT
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| | | | 5 | | |
THE CORPORATION
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| | | | 5 | | |
BUSINESS OF THE CORPORATION
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| | | | 6 | | |
CONSOLIDATED CAPITALIZATION
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| | | | 7 | | |
USE OF PROCEEDS
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| | | | 7 | | |
PLAN OF DISTRIBUTION
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| | | | 8 | | |
DESCRIPTION OF SHARE CAPITAL
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| | | | 11 | | |
DESCRIPTION OF SUBSCRIPTION RECEIPTS
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| | | | 12 | | |
DESCRIPTION OF WARRANTS
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| | | | 13 | | |
DESCRIPTION OF UNITS
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| | | | 15 | | |
PRIOR SALES
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| | | | 15 | | |
TRADING PRICE AND VOLUME
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| | | | 16 | | |
RISK FACTORS
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| | | | 17 | | |
CERTAIN CANADIAN FEDERAL INCOME TAX CONSIDERATIONS
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| | | | 20 | | |
CERTAIN U.S. FEDERAL INCOME TAX CONSIDERATIONS
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| | | | 20 | | |
LEGAL MATTERS
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| | | | 25 | | |
AUDITOR, TRANSFER AGENT AND REGISTRAR
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| | | | 26 | | |
AGENT FOR SERVICE OF PROCESS
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| | | | 26 | | |
STATUTORY RIGHTS OF WITHDRAWAL AND RESCISSION
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| | | | 26 | | |
ENFORCEABILITY OF CIVIL LIABILITIES
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| | | | 28 | | |
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Price Ranges
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High
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Low
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Total Cumulative Volume
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August 2021
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| | | C$ | 3.00 | | | | | C$ | 1.83 | | | | | | 3,929,773 | | |
September 2021
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| | | C$ | 2.30 | | | | | C$ | 2.05 | | | | | | 1,575,573 | | |
October 2021
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| | | C$ | 2.18 | | | | | C$ | 1.82 | | | | | | 1,011,509 | | |
November 2021
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| | | C$ | 2.40 | | | | | C$ | 1.78 | | | | | | 2,582,663 | | |
December 2021
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| | | C$ | 2.02 | | | | | C$ | 1.52 | | | | | | 2,765,745 | | |
January 2022
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| | | C$ | 1.73 | | | | | C$ | 1.37 | | | | | | 1,769,352 | | |
February 2022
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| | | C$ | 1.79 | | | | | C$ | 1.38 | | | | | | 919.842 | | |
March 2022
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| | | C$ | 1.93 | | | | | C$ | 1.47 | | | | | | 891,577 | | |
April 2022
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| | | C$ | 1.85 | | | | | C$ | 1.49 | | | | | | 575,133 | | |
May 2022
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| | | C$ | 1.59 | | | | | C$ | 1.10 | | | | | | 838,556 | | |
June 2022
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| | | C$ | 1.21 | | | | | C$ | 0.84 | | | | | | 1,249,172 | | |
July 2022
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| | | C$ | 0.91 | | | | | C$ | 0.60 | | | | | | 709,373 | | |
August 1 - 3, 2022
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| | | C$ | 0.65 | | | | | C$ | 0.60 | | | | | | 59,566 | | |
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Price Ranges
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High
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Low
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Total Cumulative Volume
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August 2021
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| | | US$ | 2.40 | | | | | US$ | 1.44 | | | | | | 101,595,319 | | |
September 2021
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| | | US$ | 1.82 | | | | | US$ | 1.62 | | | | | | 6,408,742 | | |
October 2021
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| | | US$ | 1.73 | | | | | US$ | 1.46 | | | | | | 4,817,027 | | |
November 2021
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| | | US$ | 1.91 | | | | | US$ | 1.41 | | | | | | 14,749,739 | | |
December 2021
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| | | US$ | 1.60 | | | | | US$ | 1.19 | | | | | | 7,876,987 | | |
January 2022
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| | | US$ | 1.38 | | | | | US$ | 1.05 | | | | | | 3,868,721 | | |
February 2022
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| | | US$ | 1.42 | | | | | US$ | 1.07 | | | | | | 2,199,334 | | |
March 2022
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| | | US$ | 1.53 | | | | | US$ | 1.15 | | | | | | 2,382,971 | | |
April 2022
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| | | US$ | 1.48 | | | | | US$ | 1.17 | | | | | | 1,580,602 | | |
May 2022
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| | | US$ | 1.25 | | | | | US$ | 0.90 | | | | | | 1,429,481 | | |
June 2022
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| | | US$ | 0.97 | | | | | US$ | 0.56 | | | | | | 1,640,423 | | |
July 2022
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| | | US$ | 0.965 | | | | | US$ | 0.455 | | | | | | 1,949,417 | | |
August 1 - 3, 2022
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| | | US$ | 0.52 | | | | | US$ | 0.4698 | | | | | | 479,457 | | |
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Page
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GENERAL MATTERS
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| | | | 1 | | |
EXCHANGE RATE INFORMATION
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| | | | 1 | | |
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS
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| | | | 2 | | |
DOCUMENTS INCORPORATED BY REFERENCE
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| | | | 4 | | |
DOCUMENTS FILED AS PART OF THE U.S. REGISTRATION STATEMENT
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| | | | 5 | | |
THE CORPORATION
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| | | | 5 | | |
BUSINESS OF THE CORPORATION
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| | | | 6 | | |
CONSOLIDATED CAPITALIZATION
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| | | | 7 | | |
USE OF PROCEEDS
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| | | | 7 | | |
PLAN OF DISTRIBUTION
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| | | | 8 | | |
DESCRIPTION OF SHARE CAPITAL
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| | | | 11 | | |
DESCRIPTION OF SUBSCRIPTION RECEIPTS
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| | | | 12 | | |
DESCRIPTION OF WARRANTS
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| | | | 13 | | |
DESCRIPTION OF UNITS
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| | | | 15 | | |
PRIOR SALES
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| | | | 15 | | |
TRADING PRICE AND VOLUME
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| | | | 16 | | |
RISK FACTORS
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| | | | 17 | | |
CERTAIN CANADIAN FEDERAL INCOME TAX CONSIDERATIONS
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| | | | 20 | | |
CERTAIN U.S. FEDERAL INCOME TAX CONSIDERATIONS
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| | | | 20 | | |
LEGAL MATTERS
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| | | | 25 | | |
AUDITOR, TRANSFER AGENT AND REGISTRAR
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| | | | 26 | | |
AGENT FOR SERVICE OF PROCESS
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| | | | 26 | | |
STATUTORY RIGHTS OF WITHDRAWAL AND RESCISSION
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| | | | 26 | | |
ENFORCEABILITY OF CIVIL LIABILITIES
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| | | | 28 | | |
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Year ended
December 31, |
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Three Months ended
March 31, |
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2021
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2020
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2019
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2022
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2021
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High for the period
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| | | | 1.2942 | | | | | | 1.4496 | | | | | | 1.3600 | | | | | | 1.2867 | | | | | | 1.2828 | | |
Low for the period
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| | | | 1.2040 | | | | | | 1.2718 | | | | | | 1.2988 | | | | | | 1.2470 | | | | | | 1.2455 | | |
End of period
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| | | | 1.2678 | | | | | | 1.2732 | | | | | | 1.2988 | | | | | | 1.2496 | | | | | | 1.2575 | | |
Average for the period
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| | | | 1.2535 | | | | | | 1.3415 | | | | | | 1.3269 | | | | | | 1.2662 | | | | | | 1.2660 | | |
Date of Grant
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Number of Options Granted
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Exercise Price ($C)
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August 11, 2021
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| | | | 311,910 | | | | | C$ | 2.25 | | |
August 27, 2021
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| | | | 175,000 | | | | | C$ | 2.10 | | |
September 30, 2021
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| | | | 130,000 | | | | | C$ | 2.17 | | |
January 1, 2022
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| | | | 409,516 | | | | | C$ | 1.60 | | |
January 1, 2022
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| | | | 40,472 | | | | | C$ | 1.60 | | |
January 27, 2022
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| | | | 25,000 | | | | | C$ | 1.47 | | |
January 27, 2022
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| | | | 2,475,000 | | | | | C$ | 1.47 | | |
June 2, 2022
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| | | | 50,000 | | | | | C$ | 1.18 | | |
June 30, 2022
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| | | | 134,722 | | | | | C$ | 0.93 | | |
Date of Grant
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Number of DSUs Granted
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Grant Date Fair Value
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September 30, 2021
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| | | | 67,799 | | | | | $ | 1.71 | | |
December 31, 2021
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| | | | 93,834 | | | | | $ | 1.24 | | |
March 31, 2022
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| | | | 68,729 | | | | | $ | 1.46 | | |
June 30, 2022
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| | | | 105,803 | | | | | $ | 0.72 | | |
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Price Ranges
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Total Cumulative Volume
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High
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Low
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July 2021
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C$3.01
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C$1.68
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| | | | 5,836,821 | | |
August 2021
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C$3.00
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C$1.83
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| | | | 3,929,773 | | |
September 2021
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C$2.30
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C$2.05
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| | | | 1,575,573 | | |
October 2021
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C$2.18
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C$1.82
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| | | | 1,011,509 | | |
November 2021
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C$2.40
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C$1.78
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| | | | 2,582,663 | | |
December 2021
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C$2.02
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C$1.52
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| | | | 2,765,745 | | |
January 2022
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C$1.73
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C$1.37
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| | | | 1,769,352 | | |
February 2022
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C$1.79
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C$1.38
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| | | | 919.842 | | |
March 2022
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C$1.93
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C$1.47
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| | | | 891,577 | | |
April 2022
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C$1.85
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C$1.49
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| | | | 575,133 | | |
May 2022
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C$1.59
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C$1.10
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| | | | 838,556 | | |
June 2022
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C$1.21
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C$0.84
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| | | | 1,249,172 | | |
July 1 - 21, 2022
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C$0.91
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C$0.73
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| | | | 440,776 | | |
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Price Ranges
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Total Cumulative Volume
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High
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Low
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July 2021
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US$2.41
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US$1.31
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| | | | 103,937,008 | | |
August 2021
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US$2.40
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US$1.44
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| | | | 101,595,319 | | |
September 2021
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US$1.82
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US$1.62
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| | | | 6,408,742 | | |
October 2021
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US$1.73
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US$1.46
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| | | | 4,817,027 | | |
November 2021
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US$1.91
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US$1.41
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| | | | 14,749,739 | | |
December 2021
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US$1.60
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US$1.19
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| | | | 7,876,987 | | |
January 2022
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US$1.38
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US$1.05
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| | | | 3,868,721 | | |
February 2022
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US$1.42
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US$1.07
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| | | | 2,199,334 | | |
March 2022
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US$1.53
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US$1.15
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| | | | 2,382,971 | | |
April 2022
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US$1.48
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US$1.17
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| | | | 1,580,602 | | |
May 2022
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US$1.25
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US$0.90
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| | | | 1,429,481 | | |
June 2022
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US$0.97
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US$0.56
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| | | | 1,640,423 | | |
July 1 - 21, 2022
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US$0.75
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US$0.55
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| | | | 1,456,294 | | |