EARNINGS PER SHARE

12 Months Ended

Dec. 31, 2020

EARNINGS PER SHARE

NOTE 15 - EARNINGS PER SHARE

Weighted average number of common shares outstanding:

In Thousands of Shares
Description	2020		2019		2018
Issued common shares at January 1		71,218		64,676		56,378
Effect of shares issued		2,605		4,169		4,088
Weighted average number of common shares outstanding at December 31		73,823		68,845		60,466

Diluted loss per share was the same amount as basic loss per share, as the effect of options and warrants would have been anti-dilutive because the Corporation incurred losses in each of the years presented. All outstanding options could potentially be dilutive in the future.