Annual reports filed by certain Canadian issuers pursuant to Section 15(d) and Rule 15d-4

Consolidated Statements of Shareholders' Equity

v2.4.0.6
Consolidated Statements of Shareholders' Equity (CAD)
Capital Stock
Warrants
Contributed Surplus
Deficit
Total
Beginning Balance at Dec. 31, 2003 0 0 0 0 0
Common shares and warrants issued for cash, net of issue costs 4,377,324 1,242,323 0 0 5,619,647
Common shares and warrants issued for cash, net of issue costs (in shares) 18,844,500        
Common shares and warrants issued as finders' fees 30,500 5,535 0 0 36,035
Common shares and warrants issued as finders' fees (in shares) 305,000        
Common shares issued for services 45,486 0 0 0 45,486
Common shares issued for services (in shares) 144,444        
Non-cash stock compensation     243,075 0 243,075
Net loss and comprehensive loss       (2,818,703) (2,818,703)
Ending Balance at Dec. 31, 2004 5,975,810 1,322,858 243,075 (2,818,703) 4,723,040
Ending Balance (in shares) at Dec. 31, 2004 23,643,944        
Common shares and warrants issued for cash, net of issue costs 11,939,277 1,685,658 0 0 13,624,935
Common shares and warrants issued for cash, net of issue costs (in shares) 14,705,208        
Common shares issued for services (in shares) 1,108,475        
Exercise of warrants 4,595,478 (706,497) 0 0 3,888,981
Exercise of warrants (in shares) 6,609,150        
Exercise of compensation options 606,795 129,683 0 0 736,478
Exercise of compensation options (in shares) 1,040,263        
Common shares issued for data acquired 13,640 0 0 0 13,640
Common shares issued for data acquired (in shares) 22,000        
Common shares issued for properties 75,500 0 0 0 75,500
Common shares issued for properties (in shares) 75,000        
Non-cash stock compensation 0 0 850,011 0 850,011
Net loss and comprehensive loss 0 0 0 (5,255,546) (5,255,546)
Ending Balance at Dec. 31, 2005 23,631,825 2,431,702 1,093,086 (8,074,249) 19,082,364
Ending Balance (in shares) at Dec. 31, 2005 47,204,040        
Common shares and warrants issued for cash, net of issue costs 20,730,039       20,730,039
Common shares and warrants issued for cash, net of issue costs (in shares) 9,204,727        
Common shares issued for services 1,303,824       1,303,824
Common shares issued for services (in shares) 1,778,747        
Exercise of stock options 206,152   (72,822)   133,330
Exercise of stock options (in shares) 106,500        
Exercise of warrants 13,701,383 (2,386,098) 4,350   11,319,635
Exercise of warrants (in shares) 13,483,134        
Exercise of compensation options 1,975,223   (694,436)   1,280,787
Exercise of compensation options (in shares) 1,337,904        
Common shares issued for properties 990,000       990,000
Common shares issued for properties (in shares) 360,000        
Non-cash stock compensation 0   2,348,163 0 2,348,163
Net loss and comprehensive loss       (12,610,571) (12,610,571)
Ending Balance at Dec. 31, 2006 62,538,446 45,604 2,678,341 (20,684,820) 44,577,571
Ending Balance (in shares) at Dec. 31, 2006 73,475,052        
Common shares and warrants issued for cash, net of issue costs 77,503,307   0 0 77,503,307
Common shares and warrants issued for cash, net of issue costs (in shares) 17,431,000        
Exercise of stock options 1,553,528   (542,327) 0 1,011,201
Exercise of stock options (in shares) 774,000        
Exercise of warrants 229,154 (45,604) (72,341) 0 111,209
Exercise of warrants (in shares) 156,209        
Exercise of compensation options 212,139     0 212,139
Exercise of compensation options (in shares) 110,346        
Common shares issued for properties 712,500   0 0 712,500
Common shares issued for properties (in shares) 225,000        
Non-cash stock compensation 0   6,138,922 0 6,138,922
Net loss and comprehensive loss 0   0 (18,933,667) (18,933,667)
Ending Balance at Dec. 31, 2007 142,749,074 0 8,202,595 (39,618,487) 111,333,182
Ending Balance (in shares) at Dec. 31, 2007 92,171,607        
Common shares and warrants issued for cash, net of issue costs 1,804,686   0 0 1,804,686
Common shares and warrants issued for cash, net of issue costs (in shares) 1,000,000        
Exercise of stock options 138,240   (48,240) 0 90,000
Exercise of stock options (in shares) 72,000        
Non-cash stock compensation 0   4,567,204 0 4,567,204
Net loss and comprehensive loss 0   0 (17,853,585) (17,853,585)
Ending Balance at Dec. 31, 2008 144,692,000 0 12,721,559 (57,472,072) 99,941,487
Ending Balance (in shares) at Dec. 31, 2008 93,243,607        
Exercise of stock options 2,127   (734)   1,393
Exercise of stock options (in shares) 1,961        
Common shares issued for properties 452,250       452,250
Common shares issued for properties (in shares) 695,000        
Non-cash stock compensation 0   950,874 0 950,874
Net loss and comprehensive loss 0   0 (19,178,318) (19,178,318)
Ending Balance at Dec. 31, 2009 145,146,377 0 13,671,699 (76,650,390) 82,167,686
Ending Balance (in shares) at Dec. 31, 2009 93,940,568        
Common shares and warrants issued for cash, net of issue costs 4,700,151 0 0 0 4,700,151
Common shares and warrants issued for cash, net of issue costs (in shares) 5,000,000        
Exercise of stock options 5,400,941 0 (1,881,685) 0 3,519,256
Exercise of stock options (in shares) 3,057,444       (3,057,444)
Issuance of warrants   44,271 0   44,271
Non-cash stock compensation 0 0 658,491 0 658,491
Net loss and comprehensive loss 0 0 0 (16,418,088) (16,418,088)
Ending Balance at Dec. 31, 2010 155,247,469 44,271 12,448,505 (93,068,478) 74,671,767
Ending Balance (in shares) at Dec. 31, 2010 101,998,012        
Exercise of stock options 5,165,374 0 (1,808,067)   3,357,307
Exercise of stock options (in shares) 1,677,432       (1,677,432)
Adjustment to share issue costs (20,000) 0 0   (20,000)
Non-cash stock compensation 0 0 2,450,734 0 2,450,734
Net loss and comprehensive loss 0 0 0 (16,256,876) (16,256,876)
Ending Balance at Dec. 31, 2011 160,432,843 44,271 13,091,172 (109,325,354) 64,242,932
Ending Balance (in shares) at Dec. 31, 2011 103,675,444        
Common shares and warrants issued for cash, net of issue costs 16,244,543 0 0 0 16,244,543
Common shares and warrants issued for cash, net of issue costs (in shares) 17,250,000        
Exercise of stock options 115,801 0 (40,288) 0 75,513
Exercise of stock options (in shares) 88,473       (88,473)
Redemption of vested RSUs 345,430 0 (364,299) 0 (18,869)
Redemption of vested RSUs (in shares) 120,359        
Issuance of warrants 0 17,675 0 0 17,675
Non-cash stock compensation 0 0 2,409,355 0 2,409,355
Net loss and comprehensive loss 0 0 0 (12,686,441) (12,686,441)
Ending Balance at Dec. 31, 2012 177,138,617 61,946 15,095,940 (122,011,795) 70,284,708
Ending Balance (in shares) at Dec. 31, 2012 121,134,276