0001279569-16-004692.txt : 20161114 0001279569-16-004692.hdr.sgml : 20161111 20161114160103 ACCESSION NUMBER: 0001279569-16-004692 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 58 CONFORMED PERIOD OF REPORT: 20160930 FILED AS OF DATE: 20161114 DATE AS OF CHANGE: 20161114 FILER: COMPANY DATA: COMPANY CONFORMED NAME: INTERNATIONAL TOWER HILL MINES LTD CENTRAL INDEX KEY: 0001134115 STANDARD INDUSTRIAL CLASSIFICATION: METAL MINING [1000] IRS NUMBER: 000000000 STATE OF INCORPORATION: A1 FISCAL YEAR END: 0531 FILING VALUES: FORM TYPE: 10-Q SEC ACT: 1934 Act SEC FILE NUMBER: 001-33638 FILM NUMBER: 161994644 BUSINESS ADDRESS: STREET 1: 1177 WEST HASTINGS STREET STREET 2: SUITE 2300 CITY: VANCOUVER STATE: A1 ZIP: V6E 2K3 BUSINESS PHONE: 604-683-6332 MAIL ADDRESS: STREET 1: 1177 WEST HASTINGS STREET STREET 2: SUITE 2300 CITY: VANCOUVER STATE: A1 ZIP: V6E 2K3 10-Q 1 v451671_10q.htm FORM 10-Q

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549 

FORM 10-Q

 

xQUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended September 30, 2016

OR

¨TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from to

 

 

 

Commission file number: 001-33638

 

 

INTERNATIONAL TOWER HILL MINES LTD.

 

(Exact Name of Registrant as Specified in its Charter)

 

British Columbia, Canada N/A
(State or other jurisdiction of incorporation or
 organization)
(I.R.S. Employer Identification No.)

 

2300-1177 West Hastings Street

Vancouver, British Columbia, Canada, V6E 2K3

(Address of Principal Executive Offices)

 

V6E 2K3

(Zip code)

 

Registrant’s telephone number, including area code: (604) 683-6332

 

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.

Yes  x    No  ¨

 

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).

Yes  x    No  ¨

 

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the

Exchange Act. (Check one):

 

Large Accelerated Filer ¨ Accelerated Filer ¨
       
Non-Accelerated filer ¨ Smaller Reporting Company x
(Do not check if a smaller reporting company)  

 

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes  ¨    No  x

 

As of November 4, 2016, the registrant had 116,353,638 Common Shares outstanding.

 

   

 

 

Table of Contents

 

    Page
Part I FINANCIAL INFORMATION  
Item 1 Financial Statements 4
Item 2 Management’s Discussion and Analysis of Financial Condition and Results of Operations 16
Item 3 Quantitative and Qualitative Disclosures About Market Risk 21
Item 4 Controls and Procedures 21
     
Part II OTHER INFORMATION  
Item 1 Legal Proceedings 22
Item 1A Risk Factors 22
Item 2 Unregistered Sales of Equity Securities and Use of Proceeds 22
Item 3 Defaults Upon Senior Securities 22
Item 4 Mine Safety Disclosures 22
Item 5 Other Information 22
Item 6 Exhibits 22
     
SIGNATURES 23

 

 

 

 

CAUTIONARY NOTE TO U.S. INVESTORS REGARDING ESTIMATES OF MEASURED, INDICATED AND INFERRED RESOURCES AND PROVEN AND PROBABLE RESERVES

 

International Tower Hill Mines Ltd. (“we”, “us”, “our,” “ITH” or the “Company”) is a mineral exploration company engaged in the acquisition and exploration of mineral properties. As used in this Quarterly Report on Form 10-Q, the terms “mineral reserve”, “proven mineral reserve” and “probable mineral reserve” are Canadian mining terms as defined in accordance with Canadian National Instrument 43-101—Standards of Disclosure for Mineral Projects (“NI 43-101”) and the Canadian Institute of Mining, Metallurgy and Petroleum (the “CIM”)—CIM Definition Standards on Mineral Resources and Mineral Reserves, adopted by the CIM Council, as amended. These definitions differ from the definitions in the United States Securities and Exchange Commission (“SEC”) Industry Guide 7 (“SEC Industry Guide 7”). Under SEC Industry Guide 7 standards, a “final” or “bankable” feasibility study is required to report reserves, the three-year historical average price is used in any reserve or cash flow analysis to designate reserves, and the primary environmental analysis or report must be filed with the appropriate governmental authority. In addition, the terms “mineral resource”, “measured mineral resource”, “indicated mineral resource” and “inferred mineral resource” are defined in and required to be disclosed by NI 43-101; however, these terms are not defined terms under SEC Industry Guide 7 and are normally not permitted to be used in reports and registration statements filed with the SEC. Investors are cautioned not to assume that all or any part of a mineral deposit in these categories will ever be converted into reserves.

 

“Inferred mineral resources” have a great amount of uncertainty as to their existence, and great uncertainty as to their economic and legal feasibility. It cannot be assumed that all, or any part, of an inferred mineral resource will ever be upgraded to a higher category. Under Canadian rules, estimates of inferred mineral resources may not form the basis of feasibility or pre-feasibility studies, except in rare cases. Investors are cautioned not to assume that all or any part of an inferred mineral resource exists or is economically or legally mineable.

 

Disclosure of “contained ounces” in a resource is permitted disclosure under Canadian regulations; however, the SEC normally only permits issuers to report mineralization that does not constitute “reserves” by SEC standards as in place tonnage and grade without reference to unit measures. Accordingly, information contained in this report and the documents incorporated by reference herein contain descriptions of our mineral deposits that may not be comparable to similar information made public by U.S. companies subject to the reporting and disclosure requirements under the United States federal securities laws and the rules and regulations thereunder.

 

The term “mineralized material” as used in this Quarterly Report on Form 10-Q, although permissible under SEC Industry Guide 7, does not indicate “reserves” by SEC Industry Guide 7 standards. We cannot be certain that any part of the mineralized material will ever be confirmed or converted into SEC Industry Guide 7 compliant “reserves”. Investors are cautioned not to assume that all or any part of the mineralized material will ever be confirmed or converted into reserves or that mineralized material can be economically or legally extracted.

 

CAUTIONARY NOTE TO ALL INVESTORS CONCERNING ECONOMIC ASSESSMENTS THAT INCLUDE INFERRED RESOURCES

 

The Company currently holds or has the right to acquire interests in an advanced stage exploration project in Alaska referred to as the Livengood Gold Project (the “Livengood Gold Project” or the “Project”). Mineral resources that are not mineral reserves have no demonstrated economic viability. The preliminary assessments on the Project are preliminary in nature and include “inferred mineral resources” that have a great amount of uncertainty as to their existence, and are considered too speculative geologically to have economic considerations applied to them that would enable them to be categorized as mineral reserves. It cannot be assumed that all, or any part, of an inferred mineral resource will ever be upgraded to a higher category. Under Canadian rules, estimates of inferred mineral resources may not form the basis of feasibility or pre-feasibility studies. There is no certainty that such inferred mineral resources at the Project will ever be realized. Investors are cautioned not to assume that all or any part of an inferred mineral resource exists or is economically or legally mineable.

 

 

 

 

FORWARD LOOKING STATEMENTS

 

This Quarterly Report on Form 10-Q contains forward-looking statements or information within the meaning of the United States Private Securities Litigation Reform Act of 1995 concerning anticipated results and developments in the operations of the Company in future periods, planned exploration activities, the adequacy of the Company’s financial resources and other events or conditions that may occur in the future. Forward-looking statements are frequently, but not always, identified by words such as “expects,” “anticipates,” “believes,” “intends,” “estimates,” “potential,” “possible” and similar expressions, or statements that events, conditions or results “will,” “may,” “could” or “should” (or the negative and grammatical variations of any of these terms) occur or be achieved. These forward looking statements may include, but are not limited to, statements concerning:

 

·the Company’s future cash requirements, the Company’s ability to meet its financial obligations as they come due (including payment of the derivative liability due in January 2017), and the Company’s ability to be able to raise the necessary funds to continue operations on acceptable terms, if at all;
·the proceeds from any sale of the claims related to the derivative liability being sufficient to satisfy the payment due in January 2017;
·the potential for opportunities to improve recovery or further reduce costs at the Livengood Gold Project;
·the Company’s ability to potentially include the results of the optimization process in a new or updated feasibility study or any future financial analysis of the Project, and the estimated cost of such optimization process;
·the Company’s ability to carry forward and incorporate into future engineering studies of the Project updated mine design, production schedule, and recovery concepts identified during the optimization process;
·the potential for the Company to carry out an engineering phase that will evaluate and optimize the Project configuration and capital and operating expenses, including determining the optimum scale for the Project;
·the Company’s strategies and objectives, both generally and specifically in respect of the Livengood Gold Project;
·the Company’s belief that there are no known environmental issues that are anticipated to materially impact the Company’s ability to conduct mining operations at the Project;
·the potential for the expansion of the estimated resources at the Livengood Gold Project;
·the potential for a production decision concerning, and any production at, the Livengood Gold Project;
·the sequence of decisions regarding the timing and costs of development programs with respect to, and the issuance of the necessary permits and authorizations required for, the Livengood Gold Project;
·the Company’s estimates of the quality and quantity of the resources at the Livengood Gold Project;
·the timing and cost of any future exploration programs at the Livengood Gold Project, and the timing of the receipt of results therefrom; and
·future general business and economic conditions, including changes in the price of gold and the overall sentiment of the markets for public equity.

 

Such forward-looking statements reflect the Company’s current views with respect to future events and are subject to certain known and unknown risks, uncertainties and assumptions. Many factors could cause actual results, performance or achievements to be materially different from any future results, performance or achievements that may be expressed or implied by such forward-looking statements, including, among others:

 

·the demand for, and level and volatility of the price of, gold;
·conditions in the financial markets generally, the overall sentiment of the markets for public equity, interest rates and currency rates;
·general business and economic conditions;
·government regulation and proposed legislation (and changes thereto or interpretations thereof);
·defects in title to claims, or the ability to obtain surface rights, either of which could affect the Company’s property rights and claims;
·the Company’s ability to secure the necessary services and supplies on favorable terms in connection with its programs at the Livengood Gold Project and other activities;
·the Company’s ability to attract and retain key staff, particularly in connection with the permitting and development of any mine at the Livengood Gold Project;
·the accuracy of the Company’s resource estimates (including with respect to size and grade) and the geological, operational and price assumptions on which these are based;
·the timing of the ability to commence and complete planned work programs at the Livengood Gold Project;

 

 

 

 

·the timing of the receipt of and the terms of the consents, permits and authorizations necessary to carry out exploration and development programs at the Livengood Gold Project and the Company’s ability to comply with such terms on a safe and cost-effective basis;
·the ongoing relations of the Company with the lessors of its property interests and applicable regulatory agencies;
·the metallurgy and recovery characteristics of samples from certain of the Company’s mineral properties and whether such characteristics are reflective of the deposit as a whole; and
·the continued development of and potential construction of any mine at the Livengood Gold Project property not requiring consents, approvals, authorizations or permits that are materially different from those identified by the Company.

 

Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described herein. This list is not exhaustive of the factors that may affect any of the Company’s forward-looking statements. Forward-looking statements are statements about the future and are inherently uncertain, and actual achievements of the Company or other future events or conditions may differ materially from those reflected in the forward-looking statements due to a variety of risks, uncertainties and other factors, including without limitation those discussed in Part I, Item 1A, Risk Factors, of our Annual Report on Form 10-K for the year ended December 31, 2015, which are incorporated herein by reference, as well as other factors described elsewhere in this report and the Company’s other reports filed with the SEC.

 

The Company’s forward-looking statements contained in this Quarterly Report on Form 10-Q are based on the beliefs, expectations and opinions of management as of the date of this report. The Company does not assume any obligation to update forward-looking statements if circumstances or management’s beliefs, expectations or opinions should change, except as required by law. For the reasons set forth above, investors should not attribute undue certainty to or place undue reliance on forward-looking statements.

 

 

 

 

PART 1

 

ITEM 1. FINANCIAL STATEMENTS

 

INTERNATIONAL TOWER HILL MINES LTD.
(An Exploration Stage Company)
CONDENSED CONSOLIDATED BALANCE SHEETS
As at September 30, 2016 and December 31, 2015
(Expressed in US Dollars - Unaudited)

 

   Note  September 30,
 2016
   December 31,
2015
 
ASSETS             
              
Current             
Cash and cash equivalents     $1,759,123   $6,493,486 
Prepaid expenses and other      218,408    192,226 
Total current assets      1,977,531    6,685,712 
              
Property and equipment      26,120    30,083 
Capitalized acquisition costs  4   55,204,041    55,204,041 
              
Total assets     $57,207,692   $61,919,836 
              
LIABILITIES AND SHAREHOLDERS’ EQUITY             
              
Current liabilities             
Accounts payable     $186,860   $122,043 
Accrued liabilities      357,728    394,436 
Derivative liability  6   14,800,000    - 
Total current liabilities      15,344,588    516,479 
              
Non-current liabilities             
Derivative liability  6   -    13,900,000 
              
Total liabilities      15,344,588    14,416,479 
              
Shareholders’ equity             
Share capital, no par value; authorized 500,000,000 shares; 116,313,638 shares issued and outstanding at December 31, 2015 and 116,353,638 shares issued and outstanding at September 30, 2016  7   243,716,531    243,692,185 
Contributed surplus      34,063,362    33,979,717 
Accumulated other comprehensive income      1,149,086    816,435 
Deficit      (237,065,875)   (230,984,980)
              
Total shareholders’ equity      41,863,104    47,503,357 
              
Total liabilities and shareholders’ equity     $57,207,692   $61,919,836 

 

General Information, Nature of Operations and Going Concern (Note 1)

Commitments (Note 9)

 

The accompanying notes are an integral part of these condensed consolidated interim financial statements.

 

4 

 

 

INTERNATIONAL TOWER HILL MINES LTD.
(An Exploration Stage Company)
CONDENSED CONSOLIDATED INTERIM STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS
For the Three and Nine Months Ended September 30, 2016 and 2015
(Expressed in US Dollars - Unaudited)

 

      Three Months Ended   Nine Months Ended 
   Note  September 30,
2016
   September 30,
2015
   September 30,
2016
   September 30,
2015
 
Operating expenses                       
Consulting fees     $63,973   $82,091   $200,660   $340,463 
Depreciation      1,323    1,754    3,963    5,293 
Insurance      69,326    68,137    200,532    206,222 
Investor relations      27,119    19,209    76,506    112,289 
Mineral property exploration  4   528,117    727,477    2,504,284    1,957,019 
Office      9,546    6,144    30,005    24,255 
Other      4,487    4,675    14,508    15,427 
Professional fees      63,057    63,572    155,007    189,185 
Regulatory      50,307    40,444    108,281    139,812 
Rent      35,374    36,733    106,109    121,719 
Travel      42,702    41,064    81,350    80,706 
Wages and benefits      537,872    657,914    1,630,035    1,962,707 
Total operating expenses      (1,433,203)   (1,749,214)   (5,111,240)   (5,155,097)
                        
Other income (expenses)                       
Gain/(loss) on foreign exchange      (3,020)   334,228    (124,784)   905,123 
Interest income      3,534    7,497    15,689    38,122 
Unrealized gain/(loss) on derivative  6   (100,000)   400,000    (900,000)   500,000 
Other income      8,100    -    39,440    19,000 
Total other income (expenses)      (91,386)   741,725    (969,655)   1,462,245 
                        
Net loss for the period      (1,524,589)   (1,007,489)   (6,080,895)   (3,692,852)
                        
Other comprehensive income (loss)                       
Unrealized gain/(loss) on marketable securities      (13,210)   5,272    (2,459)   (8,895)
Exchange difference on translating foreign operations      38,852    (583,280)   335,110    (1,414,013)
Total other comprehensive income (loss) for the period      25,642    (578,008)   332,651    (1,422,908)
Comprehensive loss for the period     $(1,498,947)  $(1,585,497)  $(5,748,244)  $(5,115,760)
                        
Basic and fully diluted loss per share     $(0.01)  $(0.01)  $(0.05)  $(0.03)
                        
Weighted average number of shares outstanding      116,348,855    116,313,638    116,325,463    116,313,638 

 

The accompanying notes are an integral part of these condensed consolidated interim financial statements.

 

5 

 

 

INTERNATIONAL TOWER HILL MINES LTD.

(An Exploration Stage Company)

CONDENSED CONSOLIDATED INTERIM STATEMENTS OF CHANGES IN SHAREHOLDERS’ EQUITY

For the Nine Months Ended September 30, 2016 and 2015

(Expressed in US Dollars - Unaudited)

 

   Number of
shares
   Share capital   Contributed
surplus
   Accumulated
other
comprehensive
income/(loss)
   Deficit   Total 
Balance, December 31, 2014   116,313,638   $243,692,185   $33,439,249   $2,196,252   $(226,172,156)  $53,155,530 
Stock-based compensation   -    -    448,310    -    -    448,310 
Unrealized loss on available-for-sale securities   -    -    -    (8,895)   -    (8,895)
Exchange difference on translating foreign operations   -    -    -    (1,414,013)   -    (1,414,013)
Net loss   -    -    -    -    (3,692,852)   (3,692,852)
Balance, September 30, 2015   116,313,638    243,692,185    33,887,559    773,344    (229,865,008)   48,488,080 
Stock-based compensation   -    -    92,158    -    -    92,158 
Unrealized gain on available-for-sale securities   -    -    -    3,057    -    3,057 
Impairment of available-for-sale securities   -    -    -    219,402    -    219,402 
Exchange difference on translating foreign operations   -    -    -    (179,368)   -    (179,368)
Net loss   -    -    -    -    (1,119,972)   (1,119,972)
Balance, December 31, 2015   116,313,638    243,692,185    33,979,717    816,435    (230,984,980)   47,503,357 
Stock-based compensation   -    -    92,587    -    -    92,587 
Unrealized loss on available-for-sale securities   -    -    -    (2,459)   -    (2,459)
Exchange difference on translating foreign operations   -    -    -    335,110    -    335,110 
Exercise of options   40,000    15,404    -    -    -    15,404 
Reallocation from contributed surplus   -    8,942    (8,942)   -    -    - 
Net loss   -    -    -    -    (6,080,895)   (6,080,895)
Balance, September 30, 2016   116,353,638   $243,716,531   $34,063,362   $1,149,086   $(237,065,875)  $41,863,104 

 

The accompanying notes are an integral part of these condensed consolidated interim financial statements.

 

6 

 

 

INTERNATIONAL TOWER HILL MINES LTD.

(An Exploration Stage Company)

CONDENSED CONSOLIDATED INTERIM STATEMENTS OF CASH FLOWS

For the Nine Months Ended September 30, 2016 and 2015

(Expressed in US Dollars - Unaudited)

 

   Nine Months Ended 
   September 30, 2016   September 30, 2015 
Operating Activities          
Loss for the period  $(6,080,895)  $(3,692,852)
Add items not affecting cash:          
Depreciation   3,963    5,293 
Stock-based compensation   92,587    448,310 
 Unrealized (gain) loss on derivative liability   900,000    (500,000)
Changes in non-cash items:          
Accounts receivable   29,992    84,838 
Prepaid expenses and other   (11,041)   (10,994)
Accounts payable and accrued liabilities   24,284    (461,699)
Cash used in operating activities   (5,041,110)   (4,127,104)
           
Financing Activities          
Issuance of share capital   15,404    - 
Cash provided by financing activities   15,404    - 
           
Effect of foreign exchange on cash   291,343    (1,485,764)
Decrease in cash and cash equivalents   (4,734,363)   (5,612,868)
Cash and cash equivalents, beginning of the period   6,493,486    13,521,473 
           
Cash and cash equivalents, end of the period  $1,759,123   $7,908,605 

 

The accompanying notes are an integral part of these condensed consolidated interim financial statements.

 

7 

 

 

INTERNATIONAL TOWER HILL MINES LTD.
(An Exploration Stage Company)
NOTES TO THE CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS
Nine Months Ended September 30, 2016 and 2015
(Expressed in US dollars – Unaudited)

 

1.GENERAL INFORMATION, NATURE OF OPERATIONS AND GOING CONCERN

 

International Tower Hill Mines Ltd. (“ITH” or the "Company") is incorporated under the laws of British Columbia, Canada. The Company’s head office address is 2300-1177 West Hastings Street, Vancouver, British Columbia, Canada.

 

International Tower Hill Mines Ltd. consists of ITH and its wholly owned subsidiaries Tower Hill Mines, Inc. (“TH Alaska”) (an Alaska corporation), Tower Hill Mines (US) LLC (“TH US”) (a Colorado limited liability company), Livengood Placers, Inc. (“LPI”) (a Nevada corporation), and 813034 Alberta Ltd. (an Alberta corporation). The Company is in the business of acquiring, exploring and evaluating mineral properties, and either joint venturing or developing these properties further or disposing of them when the evaluation is completed. At September 30, 2016, the Company was in the exploration stage and controls a 100% interest in its Livengood Gold Project in Alaska, U.S.A.

 

These unaudited condensed consolidated interim financial statements have been prepared on a going-concern basis, which presumes the realization of assets and discharge of liabilities in the normal course of business for the foreseeable future.

 

As at September 30, 2016, the Company had cash and cash equivalents of $1,759,123 compared to $6,493,486 at December 31, 2015. The Company has no revenue generating operations from which it can internally generate funds. As at September 30, 2016, the Company’s estimate of the amount of the Additional Payment due on January 12, 2017 (see Note 6) is $14,800,000, which significantly exceeds the Company’s available cash resources. The Company expects to seek to obtain significant additional financing on or before January 2017 in order to be able to make this payment, but there is no assurance that the Company will be able to obtain the additional financing required on acceptable terms, if at all.

 

Should the Company be unable to make the Additional Payment, the Company will have 30 days to remedy the event of default. Should the default not be remedied, the Company may be required to deliver the underlying claims, which are not part of the Project’s gold resource but are part of the 75 square mile Livengood land package, into a trust in order for them to be sold. Should the proceeds from sale not be sufficient to satisfy the outstanding amount of the Additional Payment, the beneficiaries will have recourse against the Company for any shortfall. The Company considers it likely that the proceeds from any such sale, should it prove necessary, would be sufficient to satisfy the amount of the Additional Payment.

 

The Company will also require significant additional financing to continue its operations in connection with advancing activities at the Livengood Gold Project and for the development of any mine that may be determined to be built at the Livengood Gold Project. In addition, any significant delays in the issuance of required permits for the ongoing work at the Livengood Gold Project, or unexpected results in connection with the ongoing work, could result in the Company being required to raise additional funds to advance permitting efforts. The Company’s review of its financing options includes pursuing a strategic alliance to assist in further development, permitting and future construction costs.

 

Despite the Company’s success to date in raising significant equity financing to fund its operations, there is significant uncertainty that the Company will be able to secure any additional financing in the current or future equity markets. Even if the Company is able to secure some additional equity financing, the Company may be unable to raise enough capital to both make the Additional Payment and continue its operations in connection with advancing all activities at the Livengood Gold Project into 2017 and beyond. As a result, there is substantial doubt about our ability to continue as a going concern. The amount of funds to be raised and the terms of any proposed equity financing that may be undertaken will be negotiated by management as opportunities to raise funds arise. Specific plans related to the use of proceeds will be devised once financing has been completed and management knows what funds will be available for these purposes. Due to this uncertainty, if the Company is unable to secure sufficient additional financing, it may be unable to make the Additional Payment when due, and the Company may be required to reduce all discretionary activities at the Project to preserve its working capital to fund anticipated non-discretionary expenditures beyond the 2016 fiscal year.

 

8 

 

 

INTERNATIONAL TOWER HILL MINES LTD.
(An Exploration Stage Company)
NOTES TO THE CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS
Nine Months Ended September 30, 2016 and 2015
(Expressed in US dollars – Unaudited)

 

These financial statements do not reflect the adjustments to the carrying values of assets and liabilities and the reported expenses and balance sheet classifications that would be necessary were the going concern adjustment appropriate. Such adjustments could be material.

 

2.BASIS OF PRESENTATION

 

These unaudited condensed consolidated interim financial statements have been prepared in accordance with accounting principles generally accepted in the United States (“U.S. GAAP”) for interim financial information and with the instructions to Form 10-Q and Article 8 of Regulation S-X under the Securities Exchange Act of 1934, as amended. Accordingly, they do not include all of the information and footnotes required by U.S. GAAP for annual financial statements. These unaudited condensed consolidated interim financial statements should be read in conjunction with the audited consolidated financial statements for the year ended December 31, 2015 as filed in our Annual Report on Form 10-K. In the opinion of the Company’s management these financial statements reflect all adjustments, consisting of normal recurring adjustments, necessary to present fairly the Company’s financial position at September 30, 2016 and the results of its operations for the nine months then ended.  Operating results for the nine months ended September 30, 2016 are not necessarily indicative of the results that may be expected for the year ending December 31, 2016. The 2015 year-end balance sheet data was derived from audited financial statements but does not include all disclosures required by U.S. GAAP.

 

The preparation of financial statements in conformity with U.S. GAAP requires management to make judgments, estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the period. These judgments, estimates and assumptions are continuously evaluated and are based on management’s experience and knowledge of the relevant facts and circumstances. While management believes the estimates to be reasonable, actual results could differ from those estimates and could impact future results of operations and cash flows.

 

On November 14, 2016, the Board approved these condensed consolidated interim financial statements.

 

Basis of consolidation

 

These consolidated financial statements include the accounts of ITH and its wholly owned subsidiaries TH Alaska, TH US, LPI and 813034 Alberta Ltd. All intercompany transactions and balances have been eliminated.

 

3.FAIR VALUE OF FINANCIAL INSTRUMENTS

 

The carrying values of cash and cash equivalents, accounts receivable and accounts payable and accrued liabilities approximate their fair values due to the short-term maturity of these financial instruments.

 

Financial instruments measured at fair value are classified into one of three levels in the fair value hierarchy according to the significance of the inputs used in making the measurement. The three levels of the fair value hierarchy are as follows:

 

·Level 1 – Unadjusted quoted prices in active markets for identical assets or liabilities;
·Level 2 – Inputs other than quoted prices that are observable for the asset or liability either directly or indirectly; and
·Level 3 – Inputs that are not based on observable market data.

 

   Fair value as at September 30, 2016 
   Level 1   Level 2 
Financial assets:          
Marketable securities  $20,318   $- 
Total  $20,318   $- 
Financial liabilities:          
Derivative liability (Note 6)  $-   $14,800,000 
Total  $-   $14,800,000 

 

9 

 

 

INTERNATIONAL TOWER HILL MINES LTD.
(An Exploration Stage Company)
NOTES TO THE CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS
Nine Months Ended September 30, 2016 and 2015
(Expressed in US dollars – Unaudited)

 

   Fair value as at December 31, 2015 
   Level 1   Level 2 
Financial assets:          
Marketable securities  $11,741   $- 
 Total  $11,741   $- 
Financial liabilities:          
Derivative liability (Note 6)  $-   $13,900,000 
 Total  $-   $13,900,000 

 

4.CAPITALIZED ACQUISITION COSTS

 

The Company had the following activity related to capitalized acquisition costs:

 

Capitalized acquisition costs  Amount 
     
Balance, December 31, 2015  $55,204,041 
Acquisition costs   - 
Balance, September 30, 2016  $55,204,041 

 

The following table presents costs incurred for exploration and evaluation activities for the nine months ended September 30, 2016 and 2015:

 

   September 30,
2016
   September 30,
2015
 
Exploration costs:          
Aircraft services  $6,511   $4,185 
Assay   -    9,984 
Environmental   233,398    509,274 
Equipment rental   33,375    33,862 
Field costs   87,754    140,355 
Geological/geophysical   1,613,994    717,073 
Land maintenance & tenure   494,316    496,968 
Legal   27,845    18,262 
Transportation and travel   7,091    27,056 
Total expenditures for the period
  $2,504,284   $1,957,019 

 

Livengood Gold Project Property

 

The Livengood property is located in the Tintina gold belt approximately 113 kilometers (70 miles) northwest of Fairbanks, Alaska. The property consists of land leased from the Alaska Mental Health Trust, a number of smaller private mineral leases, Alaska state mining claims purchased or located by the Company and patented ground held by the Company.

 

Details of the leases are as follows:

 

a)a lease of the Alaska Mental Health Trust mineral rights having a term beginning July 1, 2004 and extending 19 years until June 30, 2023, subject to further extensions beyond June 30, 2023 by either commercial production or payment of an advance minimum royalty equal to 125% of the amount paid in year 19 and diligent pursuit of development. The lease requires minimum work expenditures and advance minimum royalties (all of which minimum royalties are recoverable from production royalties) which escalate annually with inflation. A net smelter return (“NSR”) production royalty of between 2.5% and 5.0% (depending upon the price of gold) is payable to the lessor with respect to the lands subject to this lease. In addition, an NSR production royalty of l% is payable to the lessor with respect to the unpatented federal mining claims subject to the lease described in b) below and an NSR production royalty of between 0.5% and 1.0% (depending upon the price of gold) is payable to the lessor with respect to the lands acquired by the Company as a result of the purchase of Livengood Placers, Inc. in December 2011. During the nine months ended September 30, 2016 and from the inception of this lease the Company has paid $326,776 and $2,302,666, respectively.

 

10 

 

 

INTERNATIONAL TOWER HILL MINES LTD.
(An Exploration Stage Company)
NOTES TO THE CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS
Nine Months Ended September 30, 2016 and 2015
(Expressed in US dollars – Unaudited)

 

b)a lease of federal unpatented lode mining claims having an initial term of ten years commencing on April 21, 2003 and continuing for so long thereafter as advance minimum royalties are paid and mining related activities, including exploration, continue on the property or on adjacent properties controlled by the Company. The lease requires an advance minimum royalty of $50,000 on or before each anniversary date (all of which minimum royalties are recoverable from production royalties). An NSR production royalty of between 2% and 3% (depending on the price of gold) is payable to the lessors. The Company may purchase 1% of the royalty for $1,000,000. During the nine months ended September 30, 2016 and from the inception of this lease the Company has paid $50,000 and $630,000, respectively.

 

c)a lease of patented lode mining claims having an initial term of ten years commencing January 18, 2007, and continuing for so long thereafter as advance minimum royalties are paid. The lease requires an advance minimum royalty of $20,000 on or before each anniversary date through January 18, 2017 and $25,000 on or before each subsequent anniversary (all of which minimum royalties are recoverable from production royalties). An NSR production royalty of 3% is payable to the lessors. The Company may purchase all interests of the lessors in the leased property (including the production royalty) for $1,000,000 (less all minimum and production royalties paid to the date of purchase), of which $500,000 is payable in cash over four years following the closing of the purchase and the balance of $500,000 is payable by way of the 3% NSR production royalty. During the nine months ended September 30, 2016 and from the inception of this lease the Company has paid $20,000 and $165,000, respectively.

 

d)a lease of unpatented federal lode mining and federal unpatented placer claims having an initial term of ten years commencing on March 28, 2007, and continuing for so long thereafter as advance minimum royalties are paid and mining related activities, including exploration, continue on the property or on adjacent properties controlled by the Company. The lease requires an advance minimum royalty of $15,000 on or before each anniversary date (all of which minimum royalties are recoverable from production royalties). The Company is required to pay the lessor the sum of $250,000 upon making a positive production decision, payable $125,000 within 120 days of the decision and $125,000 within a year of the decision (all of which are recoverable from production royalties). An NSR production royalty of 2% is payable to the lessor. The Company may purchase all of the interest of the lessor in the leased property (including the production royalty) for $1,000,000. During the nine months ended September 30, 2016 and from the inception of this lease the Company has paid $15,000 and $113,000, respectively.

 

Title to mineral properties

 

The acquisition of title to mineral properties is a detailed and time-consuming process. The Company has taken steps to verify title to mineral properties in which it has an interest. Although the Company has taken every reasonable precaution to ensure that legal title to its properties is properly recorded in the name of the Company, there can be no assurance that such title will ultimately be secured.

 

11 

 

 

INTERNATIONAL TOWER HILL MINES LTD.
(An Exploration Stage Company)
NOTES TO THE CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS
Nine Months Ended September 30, 2016 and 2015
(Expressed in US dollars – Unaudited)

 

5.ACCRUED LIABILITIES

 

The following table presents the accrued liabilities balances at September 30, 2016 and December 31, 2015.

 

  

 September 30,
2016

   December 31,
2015
 
         
Accrued liabilities  $288,451   $247,034 
Accrued severance   -    19,900 
Accrued salaries and benefits   69,277    127,502 
Total accrued liabilities  $357,728   $394,436 

 

Accrued liabilities at September 30, 2016 include accruals for general corporate costs and project costs of $33,420 and $255,031, respectively. Accrued liabilities at December 31, 2015 include accruals for general corporate costs and project costs of $27,535 and $219,499, respectively.

 

6.DERIVATIVE LIABILITY

 

During 2011, the Company acquired certain mining claims and related rights in the vicinity of the Livengood Gold Project located near Fairbanks, Alaska. The aggregate consideration for the claims and rights was $13,500,000 in cash plus an additional payment based on the five-year average daily gold price (“Average Gold Price”) from the date of the acquisition (“Additional Payment”). The Additional Payment will equal $23,148 for every dollar that the Average Gold Price exceeds $720 per troy ounce. If the Average Gold Price is less than $720, there will be no additional consideration due.

 

At initial recognition on December 13, 2011 the derivative liability was valued at $23,100,000. The key assumption used in the valuation of the derivative is the estimate of the future Average Gold Price. The estimate of the future Average Gold Price was determined using a forward curve on future gold prices as published by the CME Group. Using this forward curve, the Company estimated an Average Gold Price based on actual gold prices to September 30, 2016 and projected gold prices from September 30, 2016 to the end of the five year period on December 13, 2016 of $1,360 per ounce of gold.

 

The fair value of the derivative liability and the estimated Average Gold Price are as follows:

 

   Total   Average Gold
Price ($/oz.)
 
Derivative value at December 31, 2015  $13,900,000   $1,320 
Unrealized loss for the period   900,000      
Derivative value at September 30, 2016  $14,800,000   $1,360 

 

7.SHARE CAPITAL

 

Authorized

 

500,000,000 common shares without par value. At December 31, 2015 there were 116,313,638 shares issued and outstanding. At September 30, 2016 there were 116,353,638 shares issued and outstanding.

 

Share issuances

 

Issued 40,000 common shares pursuant to the exercise of stock options for total proceeds of $15,404 and transferred related contributed surplus of $8,942 during the nine months ended September 30, 2016.

 

12 

 

 

INTERNATIONAL TOWER HILL MINES LTD.
(An Exploration Stage Company)
NOTES TO THE CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS
Nine Months Ended September 30, 2016 and 2015
(Expressed in US dollars – Unaudited)

 

Stock options

 

The Company adopted an incentive stock option plan in 2006, as amended September 19, 2012 and reapproved on May 28, 2015 at the Company’s Annual General Meeting (the “2006 Plan”). The essential elements of the 2006 Plan provide that the aggregate number of common shares of the Company’s capital stock that may be made issuable pursuant to options granted under the 2006 Plan may not exceed 10% of the number of issued shares of the Company at the time of the granting of the options. Options granted under the 2006 Plan will have a maximum term of ten years. The exercise price of options granted under the 2006 Plan shall be fixed in compliance with the applicable provisions of the TSX Company Manual in force at the time of grant and, in any event, shall not be less than the closing price of the Company’s common shares on the TSX on the trading day immediately preceding the day on which the option is granted, or such other price as may be agreed to by the Company and accepted by the Toronto Stock Exchange. Options granted under the 2006 Plan vest immediately, unless otherwise determined by the directors at the date of grant.

 

During the nine month period ended September 30, 2016, there were no incentive stock options granted by the Company.

 

A summary of the status of the stock option plan as of September 30, 2016 and December 31, 2015 and changes is presented below:

 

   Nine Months Ended   Year Ended 
   September 30, 2016   December 31, 2015 
   Number of
Options
   Weighted
Average
Exercise
Price (C$)
   Number of
Options
   Weighted
Average
Exercise
Price (C$)
 
Balance, beginning of the period   6,066,200   $1.60    5,854,000   $2.68 
Granted   -   $-    2,135,200   $0.80 
Exercised   (40,000)  $(0.50)   -    - 
Cancelled   -   $-    (1,923,000)  $(4.01)
Balance, end of the period   6,026,200   $1.61    6,066,200   $1.60 

 

The weighted average remaining life of options outstanding at September 30, 2016 was 4.29 years.

 

Stock options outstanding are as follows:

 

   September 30, 2016   December 31, 2015 
Expiry Date  Exercise
Price (C$)
   Number of
Options
   Exercisable   Exercise
Price (C$)
   Number of
Options
   Exercisable 
August 24, 2017  $3.17    1,675,000    1,675,000   $3.17    1,675,000    1,675,000 
March 14, 2018  $2.18    319,000    319,000   $2.18    319,000    319,000 
February 25, 2022  $1.11    1,030,000    1,030,000   $1.11    1,030,000    686,666 
February 25, 2022  $0.73    594,000    594,000   $0.73    594,000    396,000 
March 10, 2022  $1.11    430,000    430,000   $1.11    430,000    286,666 
March 16, 2023  $1.00    1,260,000    839,999   $1.00    1,260,000    419,999 
March 16, 2023  $0.50    688,200    445,466   $0.50    728,200    242,733 
June 9, 2023  $1.00    30,000    20,000   $1.00    30,000    10,000 
         6,026,200    5,353,465         6,066,200    4,036,064 

  

13 

 

 

INTERNATIONAL TOWER HILL MINES LTD.
(An Exploration Stage Company)
NOTES TO THE CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS
Nine Months Ended September 30, 2016 and 2015
(Expressed in US dollars – Unaudited)

 

A summary of the non-vested options as of September 30, 2016 and changes during the nine months ended September 30, 2016 is as follows:

 

Non-vested options:  Number of
options
   Weighted
average grant-
date fair value
(C$)
 
Outstanding at December 31, 2015   2,030,136   $0.34 
Vested   (1,357,401)  $0.38 
Outstanding at September 30, 2016   672,735   $0.25 

 

At September 30, 2016 there was unrecognized compensation expense of C$38,644 related to non-vested options outstanding. The cost is expected to be recognized over a weighted-average remaining period of approximately 0.46 years.

 

Share-based payments

During the nine month period ended September 30, 2016, there were no incentive stock options granted by the Company. Share-based payment charges for the nine months ended September 30, 2016 totaled $92,587.

 

During the nine month period ended September 30, 2015, the Company granted 2,135,200 stock options with a fair value of $435,213, calculated using the Black-Scholes option pricing model. Share-based payment charges for the nine months ended September 30, 2015 totaled $448,310.

 

The following weighted average assumptions were used for the Black-Scholes option pricing model calculations:

 

 

   YTD December 31,
2015
 
Expected life of options   6 years 
Risk-free interest rate   0.97%
Annualized volatility   80.60%
Dividend rate   0.00%
Exercise price (C$)  $0.80 

 

The expected volatility used in the Black-Scholes option pricing model is based on the historical volatility of the Company’s shares.

 

8.SEGMENT AND GEOGRAPHIC INFORMATION

 

The Company operates in a single reportable segment, being the exploration and development of mineral properties. The following tables present selected financial information by geographic location:

 

   Canada   United States   Total 
September 30, 2016               
Capitalized acquisition costs  $-   $55,204,041   $55,204,041 
Property and equipment   9,098    17,022    26,120 
Current assets   1,445,449    532,082    1,977,531 
Total assets  $1,454,547   $55,753,145   $57,207,692 
December 31, 2015               
Capitalized acquisition costs  $-   $55,204,041   $55,204,041 
Property and equipment   9,563    20,520    30,083 
Current assets   6,106,135    579,577    6,685,712 
Total assets  $6,115,698   $55,804,138   $61,919,836 

 

14 

 

 

INTERNATIONAL TOWER HILL MINES LTD.
(An Exploration Stage Company)
NOTES TO THE CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS
Nine Months Ended September 30, 2016 and 2015
(Expressed in US dollars – Unaudited)

 

Three months ended  September 30, 2016   September 30, 2015 
Net gain/(loss) for the period – Canada  $(276,954)  $8,703 
Net loss for the period - United States   (1,247,635)   (1,016,192)
Net loss for the period  $(1,524,589)  $(1,007,489)

 

Nine months ended  September 30, 2016   September 30, 2015 
Net loss for the period – Canada  $(915,561)  $(303,255)
Net loss for the period - United States   (5,165,334)   (3,389,597)
Net loss for the period  $(6,080,895)  $(3,692,852)

 

9.COMMITMENTS

 

The following table discloses, as of September 30, 2016, the Company’s contractual obligations including anticipated mineral property payments and work commitments. Under the terms of the Company’s mineral property purchase agreements, mineral leases and the terms of the unpatented mineral claims held by it, the Company is required to make certain scheduled acquisition payments, incur certain levels of expenditures, make lease or advance royalty payments, make payments to government authorities and incur assessment work expenditures as summarized in the table below in order to maintain and preserve the Company’s interests in the related mineral properties. If the Company is unable or unwilling to make any such payments or incur any such expenditure, it is likely that the Company would lose or forfeit its rights to acquire or hold the related mineral properties. The following table assumes that the Company retains the rights to all of its current mineral properties, but does not exercise any lease purchase or royalty buyout options:

 

   Payments Due in Calendar Year 
   2016   2017   2018   2019   2020   2021 and
beyond
   Total 
Livengood Property Purchase(1)  $-   $14,800,000   $-   $-   $-   $-   $14,800,000 
Mineral Property Leases(2)   -    421,850    426,903    432,032    442,237    447,521    2,170,543 
Mining Claim Government Fees   -    114,925    114,925    114,925    114,925    114,925    574,625 
                                    
Total  $-   $15,336,775   $541,828   $546,957   $557,162   $562,446   $17,545,168 

 

1.The amount payable on January 12, 2017 of $14,800,000 represents the fair value of the Company’s derivative liability as at September 30, 2016 and will be revalued at each subsequent reporting period. See Note 6.
2.Does not include required work expenditures, as it is assumed that the required expenditure level is significantly below the level of work that will actually be carried out by the Company. Does not include potential royalties that may be payable (other than annual minimum royalty payments). See Note 4.

 

10.RELATED PARTY TRANSACTIONS

 

In December 2011, in accordance with a Stock and Asset Purchase Agreement (the “Agreement”) between the Company, Alaska/Nevada Gold Mines, Ltd. (“AN Gold Mines”) and the Heflinger Group, the Company acquired certain mining claims and related rights in the vicinity of the Livengood Gold Project located near Fairbanks, Alaska. The Company’s derivative liability, as described in Note 6 above, represents the remaining consideration for the purchase of these claims and related rights and is payable in January 2017. Under the Agreement, the payment is due 70% to AN Gold Mines and 30% to the Heflinger Group.

 

Mr. Hanneman was appointed Chief Operating Officer of the Company on March 26, 2015. Mr. Hanneman is a partner of the general partner, as well as a limited partner, of AN Gold Mines and holds an 11.9% net interest in AN Gold Mines.

 

15 

 

 

ITEM 2. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

 

The following Management’s Discussion and Analysis of Financial Condition and Results of Operations (“MD&A”) should be read in conjunction with our Annual Report on Form 10-K for the year ended December 31, 2015. All currency amounts are stated in US dollars unless noted otherwise.

 

Current Business Activities

 

General

 

During the nine months ended September 30, 2016 and to the date of this Quarterly Report on Form 10-Q, the Company progressed on a number of opportunities identified in the September 2013 Study and opportunities subsequently developed by the Company with the potential for optimization and reducing the costs of building and operating a mine at the Project.

 

Livengood Gold Project – Pre-feasibility Study Results

 

The Company announced the results of a Pre-feasibility Study (“2016 PFS”) on September 8, 2016. On October 24, 2016, the Company filed a technical report on SEDAR that summarizes the results of the 2016 PFS on the Livengood Gold Project. The technical report is entitled “NI 43-101 Technical Report Pre-feasibility Study of the Livengood Gold Project, Livengood, Alaska,” dated September 8, 2016 and signed October 24, 2016. The Report is based on an updated resource estimate effective as of August 26, 2016 and has an optimized Project configuration and throughput of 52,600 t/d (47,700 mt/d) compared to the 100,000 t/d (90,700 mt/d) Project evaluated in the September 2013 Feasibility Study. Using the trailing three year gold price of $1,250 per ounce, the Project generates a negative project NPV of $-552M at a 5% discount rate and an IRR of 0.5% after mining and income taxes.

 

As a result of the changes to the Project as evaluated in the 2016 PFS, the original project as evaluated in the September 2013 Study is no longer considered current and investors should no longer rely upon the September 2013 Study. The Company cautions that the 2016 PFS is preliminary in nature, and is based on technical and economic assumptions which would be further refined and evaluated in a full feasibility study. There can be no certainty that the results estimated in the 2016 PFS will be realized.

 

Next Steps and Opportunities

 

The 2016 PFS identified additional optimization opportunities with the potential to improve recovery or further reduce costs, either of which could result in improvement to the Project. Subject to available financing, these opportunities will be pursued to better define overall project economics prior to initiation of a full feasibility study. These opportunities include improvements to the project geologic models to better support metallurgical modelling, development of a grade-shell resource model with the potential to support a mine production schedule with improved economics, and continuing to advance metallurgical test work to optimize the flowsheet and evaluate whether recovery can be improved. Environmental work will continue in order to support project development and maintain continuity of baseline information.

 

It is estimated that the optimization studies and supporting field work would cost approximately $6.3M.

 

Results of Operations

 

Summary of Quarterly Results

 

Description  September 30, 2016   June 30, 2016   March 31, 2016   December 31, 2015 
Net loss  $(1,524,589)  $(2,068,850)  $(2,487,456)  $(1,119,972)
Basic and diluted net loss per common share  $(0.01)  $(0.02)  $(0.02)  $(0.01)

 

   September 30, 2015   June 30, 2015   March 31, 2015   December 31, 2014 
Net loss  $(1,007,489)  $(2,048,868)  $(636,495)  $(1,654,469)
Basic and diluted net loss per common share  $(0.01)  $(0.02)  $(0.01)  $(0.02)

 

Three Months Ended September 30, 2016 compared to Three Months Ended September 30, 2015

 

The Company incurred a net loss of $1,524,589 for the three month period ended September 30, 2016, compared to a net loss of $1,007,489 for the three month period ended September 30, 2015.

 

16 

 

 

Mineral property expenditures decreased $199,360 to $528,117 for the three months ended September 30, 2016 from $727,477 for the three months ended September 30, 2015 primarily due to the Company nearing completion of the planned multi-phase metallurgical test work program and limiting field activities to continuation of critical environmental baseline studies.

 

Excluding share-based payment charges of $11,757 and $61,943, respectively, wages and benefits for the three months ended September 30, 2016 decreased to $526,115 from $595,971 for the three months ended September 30, 2015 primarily due to a staffing reduction and severance payment related to the Colorado office closure.

 

Consulting fees were $63,973 for the three months ended September 30, 2016 compared to $82,091 for the three months ended September 30, 2015. The decrease of $18,118 is primarily due to lower share-based payment charges.

 

Share-based payment charges

 

Share-based payment charges for the three month periods ended September 30, 2016 and 2015 were allocated as follows:

 

Expense category:  September 30, 2016   September 30, 2015 
Consulting  $3,467   $19,738 
Investor relations   1,069    4,638 
Wages and benefits   11,757    61,943 
   $16,293   $86,319 

 

Share-based payment charges were $16,293 during the three months ended September 30, 2016 compared to $86,319 during the three months ended September 30, 2015. The decrease of $70,026 in share-based payment charges during the period was mainly the result of a reduction in the fair value of options granted in 2015 as compared to 2014.

 

Most other expense categories reflected moderate decreases period over period reflecting the Company’s efforts to reduce spending.

 

Other items amounted to a loss of $91,386 during the three month period ended September 30, 2016 compared to a gain of $741,725 during the three month period ended September 30, 2015. Total other loss resulted from the unrealized loss on the revaluation of the derivative liability of $100,000. This unrealized loss was caused by the increase in the price per ounce of gold during the three month period ended September 30, 2016 and is compared to an unrealized gain of $400,000 during the three month period ended September 30, 2015. The Company had a foreign exchange loss of $3,020 during the three month period ended September 30, 2016 compared to a gain of $334,228 during the three month period ended September 30, 2015 as a result of the impact of exchange rates on certain of the Company’s U.S. dollar cash balances. The average exchange rate during the three month period ended September 30, 2016 was C$1 to US$0.7663 compared to C$1 to US$0.7640 for the three month period ended September 30, 2015.

 

Nine Months Ended September 30, 2016 compared to Nine Months Ended September 30, 2015

 

The Company incurred a net loss of $6,080,895 for the nine month period ended September 30, 2016, compared to a net loss of $3,692,852 for the nine month period ended September 30, 2015.

 

Mineral property expenditures increased $547,265 to $2,504,284 for the nine months ended September 30, 2016 from $1,957,019 for the nine months ended September 30, 2015 primarily due to the Company moving forward with the planned multi-phase metallurgical test work program, partially offset by limiting field activities to continuation of critical environmental baseline studies. Consulting and professional fees for the nine months ended September 30, 2016 decreased by $173,981 to $355,667 from the nine month period ended September 30, 2015 as the Company negotiated lower rates in 2016 for various third party-provided professional fees such as legal and accounting fees.

 

Excluding share-based payment charges of $65,410 and $331,831, respectively, wages and benefits for the nine months ended September 30, 2016 decreased to $1,564,625 from $1,630,877 for the nine months ended September 30, 2015 primarily due to a staffing reduction and severance payment related to the Colorado office closure

 

17 

 

 

Share-based payment charges

 

Share-based payment charges for the nine month periods ended September 30, 2016 and 2015 were allocated as follows:

 

Expense category:  September 30, 2016   September 30, 2015 
Consulting  $21,621   $93,802 
Investor relations   5,556    22,677 
Wages and benefits   65,410    331,831 
   $92,587   $448,310 

 

Share-based payment charges were $92,587 during the nine months ended September 30, 2016 compared to $448,310 during the nine months ended September 30, 2015. The decrease of $355,723 in share-based payment charges during the period was primarily the result of a reduction in the fair value of options granted in 2015 as compared to 2014. The Company granted no options during the nine months ended September 30, 2016 compared to 2,135,200 during the nine months ended September 30, 2015.

 

Remaining other expense categories reflected moderate decreases period over period reflecting the Company’s efforts to reduce spending.

 

Other items amounted to a loss of $969,655 during the nine month period ended September 30, 2016 compared to a gain of $1,462,245 during the nine month period ended September 30, 2015. Total other loss resulted from the unrealized loss on the revaluation of the derivative liability of $900,000. This unrealized loss was caused by the increase in the price per ounce of gold during the nine month period ended September 30, 2016 and is compared to an unrealized gain of $500,000 during the nine month period ended September 30, 2015. The Company had a foreign exchange loss of $124,784 during the nine month period ended September 30, 2016 compared to a foreign exchange gain of $905,123 during the nine month period ended September 30, 2015. The average exchange rate during the nine month period ended September 30, 2016 was C$1 to US$0.7565 compared to C$1 to US$0.7936 for the nine month period ended September 30, 2015.

 

Liquidity Risk and Capital Resources

 

The Company has no revenue generating operations from which it can internally generate funds. To date, the Company’s ongoing operations have been predominantly financed through sale of its equity securities by way of private placements and the subsequent exercise of share purchase and broker warrants and options issued in connection with such private placements. However, the exercise of warrants/options is dependent primarily on the market price and overall market liquidity of the Company’s securities at or near the expiry date of such warrants/options (over which the Company has no control) and therefore there can be no guarantee that any existing warrants/options will be exercised. There are currently no warrants outstanding.

 

As at September 30, 2016, the Company had cash and cash equivalents of $1,759,123 compared to $6,493,486 at December 31, 2015. The decrease of approximately $4.7 million resulted mainly from expenditures on the Livengood Gold Project of approximately $5.0 million offset by a positive foreign currency translation impact of approximately $0.3 million.

 

Financing activities during the nine month period ended September 30, 2016 provided $15,404 on the issuance of common shares as a result of the exercise of stock options. The Company had no cash flows from financing activities during the nine month period ended September 30, 2015.

 

The Company had no cash flows from investing activities during the nine month periods ended September 30, 2016 and 2015.

 

As at September 30, 2016, the Company had a working capital deficit of $13,367,057 compared to working capital of $6,169,233 at December 31, 2015. The negative working capital is mainly the result of the reclassification of the contingent derivative payment to a current liability. The Company expects that it will operate at a loss for the foreseeable future, but believes the current cash and cash equivalents will be sufficient for it to complete its anticipated 2016 work plan at the Livengood Gold Project. To advance the Livengood Gold Project towards permitting and development, the Company anticipates maintaining certain essential development activities for the fiscal year ending December 31, 2016. These essential activities include maintaining environmental baseline data that in its absence could materially delay future permitting of the Livengood Gold Project.

 

Management’s intent is to secure additional financing if market conditions warrant, or possibly enter into a strategic alliance to continue its operations (including general and administrative expenses) in connection with advancing activities at the Livengood Gold Project, making the contingent payment due in January 2017, and the development of any mine that may be determined to be built at the Livengood Gold Project. Although past performance does not dictate future results, the Company has been successful in raising capital in the past.

 

There is no assurance that the Company will be able to obtain the additional financing required on acceptable terms, if at all. As at September 30, 2016, the Company’s estimate of the amount of the contingent payment is $14,800,000. This contingent payment, which is due in January 2017, significantly exceeds the Company’s available cash resources, and therefore the Company will be required to secure significant additional financing on or before January 2017 in order to be able to make this payment. See Note 1 of the notes to the unaudited condensed consolidated interim financial statements for the period ended September 30, 2016. In addition, any significant delays in the issuance of required permits for the ongoing work at the Livengood Gold Project, or unexpected results in connection with the ongoing work, could result in the Company being required to raise additional funds to advance permitting efforts. The Company’s review of its financing options includes pursuing a future strategic alliance to assist in further development, permitting and future construction costs.

 

18 

 

 

Despite the Company’s success to date in raising significant equity financing to fund its operations, there is significant uncertainty that the Company will be able to secure any additional financing in the current or future equity markets. See “Risk Factors – We will require additional financing to fund exploration and, if warranted, development and production. Failure to obtain additional financing could have a material adverse effect on our financial condition and results of operation and could cast uncertainty on our ability to continue as a going concern” in Part I, Item 1A, Risk Factors, of our Annual Report on Form 10-K for the year ended December 31, 2015. Even if the Company is able to secure some additional equity financing, the Company may be unable to raise enough capital to both make the contingent payment and continue its operations in connection with advancing all activities at the Livengood Gold Project into 2017 and beyond. The quantity of funds to be raised and the terms of any proposed equity financing that may be undertaken will be negotiated by management as opportunities to raise funds arise. Specific plans related to the use of proceeds will be devised once financing has been completed and management knows what funds will be available for these purposes. Due to this uncertainty, if the Company is unable to secure sufficient additional financing, it may be unable to make the contingent payment when due, and the Company may be required to reduce all discretionary activities at the Project to preserve its working capital to fund anticipated non-discretionary expenditures for the remainder of the 2016 fiscal year.

 

Other than cash held by its subsidiaries for their immediate operating needs in the United States, all of the Company’s cash reserves are on deposit with a major Canadian chartered bank. The Company does not believe that the credit, liquidity or market risks with respect thereto have increased as a result of the current market conditions.

 

Contractual Obligations

 

The following table discloses, as of September 30, 2016, the Company’s contractual obligations including anticipated mineral property payments and work commitments. Under the terms of the Company’s mineral property purchase agreements, mineral leases and the terms of the unpatented mineral claims held by it, the Company is required to make certain scheduled acquisition payments, incur certain levels of expenditures, make lease or advance royalty payments, make payments to government authorities and incur assessment work expenditures as summarized in the table below in order to maintain and preserve the Company’s interests in the related mineral properties. If the Company is unable or unwilling to make any such payments or incur any such expenditure, it is likely that the Company would lose or forfeit its rights to acquire or hold the related mineral properties. The following table assumes that the Company retains the rights to all of its current mineral properties, but does not exercise any lease purchase or royalty buyout options:

 

   Payments Due in Calendar Year 
   2016   2017   2018   2019   2020   2021 and beyond   Total 
Livengood Property Purchase(1)  $-   $14,800,000   $-   $-   $-   $-   $14,800,000 
Mineral Property Leases(2)   -    421,850    426,903    432,032    442,237    447,521    2,170,543 
Mining Claim Government Fees   -    114,925    114,925    114,925    114,925    114,925    574,625 
                                    
Total  $-   $15,336,775   $541,828   $546,957   $557,162   $562,446   $17,545,168 

 

1.The amount payable on January 12, 2017 of $14,800,000 represents the fair value of the Company’s derivative liability as at September 30, 2016 and will be revalued at each subsequent reporting period.
2.Does not include required work expenditures, as it is assumed that the required expenditure level is significantly below the level of work that will actually be carried out by the Company. Does not include potential royalties that may be payable (other than annual minimum royalty payments).

 

Other – Related Party Transactions

 

In December 2011, in accordance with a Stock and Asset Purchase Agreement (the “Agreement”) between the Company, Alaska/Nevada Gold Mines, Ltd. (“AN Gold Mines”) and the Heflinger Group, the Company acquired certain mining claims and related rights in the vicinity of the Livengood Gold Project located near Fairbanks, Alaska. The Company’s derivative liability, as described in Note 6 of the financial statements for the period ended September 30, 2016, represents the remaining consideration for the purchase of these claims and related rights and is payable in January 2017. Under the Agreement, the payment is due 70% to AN Gold Mines and 30% to the Heflinger Group.

 

Mr. Hanneman was appointed Chief Operating Officer of the Company on March 26, 2015. Mr. Hanneman is a partner of the general partner, as well as a limited partner, of AN Gold Mines and holds an 11.9% net interest in AN Gold Mines.

 

19 

 

 

Off-Balance Sheet Arrangements

 

The Company does not have any off balance sheet arrangements.

 

Environmental Regulations

 

The operations of the Company may in the future be affected from time to time in varying degrees by changes in environmental regulations, including those for future removal and site restoration costs. Both the likelihood of new regulations and their overall effect upon the Company vary greatly and are not predictable. The Company’s policy is to meet or, if possible, surpass standards set by relevant legislation by application of technically proven and economically feasible measures.

 

Certain U.S. Federal Income Tax Considerations for U.S. Holders

The Company has been a “passive foreign investment company” (“PFIC”) for U.S. federal income tax purposes in recent years and expects to continue to be a PFIC in the future.  Current and prospective U.S. shareholders should consult their tax advisors as to the tax consequences of PFIC classification and the U.S. federal tax treatment of PFICs.  Additional information on this matter is included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2015, under “Part II. Item 5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities - Certain U.S. Federal Income Tax Considerations for U.S. Holders.”

 

20 

 

 

ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

 

Not applicable.

 

ITEM 4. CONTROLS AND PROCEDURES

 

Disclosure Controls and Procedures

 

As of September 30, 2016, an evaluation was carried out under the supervision of and with the participation of the Company’s management, including the Chief Executive Officer and Chief Financial Officer, of the effectiveness of the design and operation of the Company’s disclosure controls and procedures (as defined in Rules 13a-15(e) and 15d-15(e) of the Exchange Act). Based on the evaluation, the Chief Executive Officer and the Chief Financial Officer have concluded that, as of September 30, 2016, the Company’s disclosure controls and procedures were effective in ensuring that information required to be disclosed in reports filed or submitted to the SEC under the Exchange Act: (i) is recorded, processed, summarized and reported within the time periods specified in applicable rules and forms and (ii) accumulated and communicated to management, including the Chief Executive Officer and Chief Financial Officer, in a manner that allows for timely decisions regarding required disclosures.

 

The effectiveness of our or any system of disclosure controls and procedures, however well designed and operated, can provide only reasonable assurance that the objectives of the system will be met and is subject to certain limitations, including the exercise of judgement in designing, implementing and evaluating controls and procedures and the assumptions used in identifying the likelihood of future events.

 

Changes in Internal Control over Financial Reporting

 

There were no changes in internal control over financial reporting during the quarter ended September 30, 2016 that have materially affected, or are reasonably likely to materially affect, the Company’s internal control over financial reporting.

 

21 

 

 

PART II – OTHER INFORMATION

 

ITEM 1. LEGAL PROCEEDINGS

 

Not applicable.

 

ITEM 1A. RISK FACTORS

 

In addition to the information set forth in this Form 10-Q, you should carefully consider the risk factors previously disclosed in Part I, Item 1A of the Company’s Annual Report on Form 10-K for the year ended December 31, 2015 under the heading “Risk Factors.”

 

There is substantial doubt about our ability to continue as a going concern.

 

The accompanying unaudited consolidated financial statements have been prepared assuming the Company will continue as a going concern. This assumes continuing operations and the realization of assets and liabilities in the normal course of business.

 

As at September 30, 2016, the Company had cash and cash equivalents of $1,759,123 compared to $6,493,486 at December 31, 2015. The Company’s estimate of the amount of the contingent payment due on January 12, 2017 is $14,800,000, which significantly exceeds the Company’s available cash resources. The Company will also require significant additional financing to continue its operations in connection with advancing activities at the Livengood Gold Project and for the development of any mine that may be determined to be built at the Livengood Gold Project. In addition, any significant delays in the issuance of required permits for the ongoing work at the Livengood Gold Project, or unexpected results in connection with the ongoing work, could result in the Company being required to raise additional funds to advance permitting efforts.

 

The Company has no revenue generating operations from which it can internally generate funds. The Company expects to seek to obtain significant additional financing on or before January 2017, but there is no assurance that the Company will be able to obtain the additional financing required on acceptable terms, if at all. Even if the Company is able to secure some additional equity financing, the Company may be unable to raise enough capital to both make the contingent payment and continue its operations in connection with advancing all activities at the Livengood Gold Project into 2017 and beyond. As a result, we have included a discussion about the Company’s ability to continue as a going concern in the accompanying unaudited consolidated financial statements.

 

In the event that the Company is unable to secure sufficient additional financing, it may be unable to make the contingent payment when due on January 12, 2017, and the Company may be required to reduce all discretionary activities at the Project to preserve its working capital to fund anticipated non-discretionary expenditures beyond the 2016 fiscal year, which could have a material adverse effect on the Company’s business, operating results, financial condition and long-term prospects. In addition, if the Company is unable to make the contingent payment and the proceeds from the sale of the underlying claims is not sufficient to satisfy the outstanding amount of the contingent payment, the beneficiaries will have recourse against the Company for any shortfall, which could have a material adverse impact on the Company and its ability to continue its business.

 

ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS

 

Not applicable.

 

ITEM 3. DEFAULTS UPON SENIOR SECURITIES

 

Not applicable.

 

ITEM 4. MINE SAFETY DISCLOSURES

 

Pursuant to Section 1503(a) of the Dodd-Frank Act, issuers that are operators, or that have a subsidiary that is an operator, of a coal or other mine in the United States are required to disclose specified information about mine health and safety in their periodic reports. These reporting requirement are based on the safety and health requirements applicable to mines under the Federal Mine Safety and Health Act of 1977 (the “Mine Act”) which is administered by the U.S. Department of Labor’s Mine Safety and Health Administration (“MSHA”). During the nine month period ended September 30, 2016, the Company and its subsidiaries were not subject to regulation by MSHA under the Mine Act and thus no disclosure is required under Section 1503(a) of the Dodd-Frank Act.

 

ITEM 5. OTHER INFORMATION

 

Not applicable.


ITEM 6. EXHIBITS

 

31.1

 

Certification of Chief Executive Officer pursuant to Exchange Act Rules 13a-14(a) and 15d-14(a), as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
   

31.2

 

Certification of Chief Financial Officer pursuant to Exchange Act Rules 13a-14(a) and 15d-14(a), as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
   

32.1

 

Certification of the Chief Executive Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.
   
32.2 Certification of the Chief Financial Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.
   
101 Interactive data files pursuant to Rule 405 of Regulation S-T: (i) the Condensed Consolidated Balance Sheets at September 30, 2016 and December 31, 2015, (ii) the Condensed Consolidated Interim Statements of Operations and Comprehensive Loss for the Three and Nine Months ended September 30, 2016 and 2015, (iii) the Condensed Consolidated Interim Statements of Changes in Shareholders’ Equity for the Nine Months Ended September 30, 2016 and 2015, (iv) the Condensed Consolidated Interim Statements of Cash Flows for the Nine Months Ended September 30, 2016 and 2015, and (v) the Notes to the Condensed Consolidated Interim Financial Statements.

 

22 

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

 

By: /s/ Thomas E. Irwin  
  Thomas E. Irwin  
  Chief Executive Officer  
  (Principal Executive Officer)  
     
Date: November 14, 2016  
     
     
     
By: /s/ David Cross  
  David Cross  
  Chief Financial Officer  
  (Principal Financial and Accounting Officer)  
     
Date: November 14, 2016  

 

23 

 

EX-31.1 2 v451671_ex31-1.htm EXHIBIT 31.1

EXHIBIT 31.1

CERTIFICATION

 

I, Thomas E. Irwin, certify that:

 

1. I have reviewed this Quarterly Report on Form 10-Q of International Tower Hill Mines Ltd.;

 

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

 

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

 

4. The registrant's other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

 

(a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

 

(b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

 

(c) Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

 

(d) Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter (the registrant's fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and

 

5. The registrant's other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):

 

(a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize and report financial information; and

 

(b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

 

Date: November 14, 2016

By: /s/ Thomas E. Irwin
    Thomas E. Irwin
   

Chief Executive Officer

(Principal Executive Officer)

 

 

EX-31.2 3 v451671_ex31-2.htm EXHIBIT 31.2

 

EXHIBIT 31.2

CERTIFICATION

 

I, David Cross, certify that:

 

1. I have reviewed this Quarterly Report on Form 10-Q of International Tower Hill Mines Ltd.;

 

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

 

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

 

4. The registrant's other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

 

(a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

 

(b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

 

(c) Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

 

(d) Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter (the registrant's fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and

 

5. The registrant's other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):

 

(a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize and report financial information; and

 

(b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

 

 

Date: November 14, 2016

By: /s/ David Cross
    David Cross
   

Chief Financial Officer

(Principal Financial and Accounting Officer)

 

 

EX-32.1 4 v451671_ex32-1.htm EXHIBIT 32.1

 

EXHIBIT 32.1

CERTIFICATION PURSUANT TO 18 U.S.C. SECTION 1350

AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

 

In connection with the Quarterly Report on Form 10-Q of International Tower Hill Mines Ltd. (the "Company"), for the period ended September 30, 2016, as filed with the Securities and Exchange Commission on the date hereof (the "Report"), I, Thomas E. Irwin, Chief Executive Officer of the Company, hereby certify pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that, to my knowledge:

 

1. The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

 

2. The information contained in the Report fairly presents, in all material respects, the financial condition and results of operation of the Company.

 

Date: November 14, 2016

By: /s/ Thomas E. Irwin
    Thomas E. Irwin
   

Chief Executive Officer

(Principal Executive Officer)

 

 

 

EX-32.2 5 v451671_ex32-2.htm EXHIBIT 32.2

EXHIBIT 32.2

CERTIFICATION PURSUANT TO 18 U.S.C. SECTION 1350

AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

 

In connection with the Quarterly Report on Form 10-Q of International Tower Hill Mines Ltd. (the "Company"), for the period ended September 30, 2016, as filed with the Securities and Exchange Commission on the date hereof (the "Report"), I, David Cross, Chief Financial Officer of the Company, hereby certify pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that, to my knowledge:

 

1. The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

 

2. The information contained in the Report fairly presents, in all material respects, the financial condition and results of operation of the Company.

 

Date: November 14, 2016

By: /s/ David Cross
    David Cross
   

Chief Financial Officer

(Principal Financial and Accounting Officer)

 

 

 

GRAPHIC 6 pg1img1_10q.jpg GRAPHIC begin 644 pg1img1_10q.jpg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end EX-101.INS 7 thm-20160930.xml XBRL INSTANCE DOCUMENT 0001134115 2015-01-01 2015-09-30 0001134115 2015-01-01 2015-12-31 0001134115 2016-01-01 2016-09-30 0001134115 2015-07-01 2015-09-30 0001134115 2016-07-01 2016-09-30 0001134115 2016-09-30 0001134115 2015-10-01 2015-12-31 0001134115 2016-11-04 0001134115 2011-12-13 0001134115 2015-12-31 0001134115 2014-12-31 0001134115 2015-09-30 0001134115 us-gaap:CommonStockMember 2014-12-31 0001134115 us-gaap:AdditionalPaidInCapitalMember 2014-12-31 0001134115 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2014-12-31 0001134115 us-gaap:RetainedEarningsMember 2014-12-31 0001134115 us-gaap:RetainedEarningsMember 2015-01-01 2015-09-30 0001134115 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2015-01-01 2015-09-30 0001134115 us-gaap:AdditionalPaidInCapitalMember 2015-01-01 2015-09-30 0001134115 us-gaap:CommonStockMember 2015-01-01 2015-09-30 0001134115 us-gaap:CommonStockMember 2016-01-01 2016-09-30 0001134115 us-gaap:AdditionalPaidInCapitalMember 2016-01-01 2016-09-30 0001134115 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2016-01-01 2016-09-30 0001134115 us-gaap:RetainedEarningsMember 2016-01-01 2016-09-30 0001134115 us-gaap:CommonStockMember 2015-09-30 0001134115 us-gaap:AdditionalPaidInCapitalMember 2015-09-30 0001134115 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2015-09-30 0001134115 us-gaap:RetainedEarningsMember 2015-09-30 0001134115 us-gaap:CommonStockMember 2016-09-30 0001134115 us-gaap:AdditionalPaidInCapitalMember 2016-09-30 0001134115 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2016-09-30 0001134115 us-gaap:RetainedEarningsMember 2016-09-30 0001134115 us-gaap:CommonStockMember 2015-10-01 2015-12-31 0001134115 us-gaap:AdditionalPaidInCapitalMember 2015-10-01 2015-12-31 0001134115 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2015-10-01 2015-12-31 0001134115 us-gaap:RetainedEarningsMember 2015-10-01 2015-12-31 0001134115 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2015-12-31 0001134115 us-gaap:CommonStockMember 2015-12-31 0001134115 us-gaap:AdditionalPaidInCapitalMember 2015-12-31 0001134115 us-gaap:RetainedEarningsMember 2015-12-31 0001134115 thm:LivengoodPropertyMember 2016-09-30 0001134115 us-gaap:FairValueInputsLevel1Member 2016-09-30 0001134115 us-gaap:FairValueInputsLevel2Member 2016-09-30 0001134115 us-gaap:FairValueInputsLevel1Member 2015-12-31 0001134115 us-gaap:FairValueInputsLevel2Member 2015-12-31 0001134115 thm:AlaskaMentalHealthTrustMineralRightsMember thm:LivengoodPropertyMember 2016-01-01 2016-09-30 0001134115 thm:AlaskaMentalHealthTrustMineralRightsMember us-gaap:MinimumMember thm:LivengoodPropertyMember 2016-09-30 0001134115 thm:AlaskaMentalHealthTrustMineralRightsMember us-gaap:MaximumMember thm:LivengoodPropertyMember 2016-09-30 0001134115 thm:AlaskaMentalHealthTrustMineralRightsMember us-gaap:MinimumMember thm:ProductionRoyaltyMember thm:LivengoodPropertyMember 2016-09-30 0001134115 thm:AlaskaMentalHealthTrustMineralRightsMember us-gaap:MaximumMember thm:ProductionRoyaltyMember thm:LivengoodPropertyMember 2016-09-30 0001134115 thm:FederalUnpatentedLodeMiningClaimsMember us-gaap:MinimumMember thm:AdvanceRoyaltiesMember thm:LivengoodPropertyMember 2016-09-30 0001134115 thm:FederalUnpatentedLodeMiningClaimsMember us-gaap:MinimumMember thm:ProductionRoyaltyMember thm:LivengoodPropertyMember 2016-09-30 0001134115 thm:FederalUnpatentedLodeMiningClaimsMember us-gaap:MaximumMember thm:ProductionRoyaltyMember thm:LivengoodPropertyMember 2016-09-30 0001134115 thm:FederalUnpatentedLodeMiningClaimsMember thm:ProductionRoyaltyMember thm:LivengoodPropertyMember 2016-09-30 0001134115 thm:FederalUnpatentedLodeMiningClaimsMember thm:ProductionRoyaltyMember thm:LivengoodPropertyMember 2016-01-01 2016-09-30 0001134115 thm:LivengoodPropertyMember thm:FederalUnpatentedLodeMiningClaimsMember 2016-01-01 2016-09-30 0001134115 thm:PatentedLodeClaimsMember us-gaap:MinimumMember thm:AdvanceRoyaltiesMember thm:LivengoodPropertyMember thm:OnOrBeforEachAnniversaryMember 2016-09-30 0001134115 thm:PatentedLodeClaimsMember us-gaap:MinimumMember thm:AdvanceRoyaltiesMember thm:LivengoodPropertyMember thm:OnOrBeforeEachSubsequentAnniversaryMember 2016-09-30 0001134115 thm:PatentedLodeClaimsMember thm:LivengoodPropertyMember 2016-01-01 2016-09-30 0001134115 thm:PatentedLodeClaimsMember thm:ProductionRoyaltyMember thm:LivengoodPropertyMember 2016-09-30 0001134115 thm:PatentedLodeClaimsMember thm:LivengoodPropertyMember 2016-09-30 0001134115 thm:UnpatentedFederalLodeMiningAndFederalUnpatentedPlacerClaimsMember thm:LivengoodPropertyMember 2016-09-30 0001134115 thm:UnpatentedFederalLodeMiningAndFederalUnpatentedPlacerClaimsMember thm:ProductionRoyaltyMember thm:LivengoodPropertyMember 2016-09-30 0001134115 thm:UnpatentedFederalLodeMiningAndFederalUnpatentedPlacerClaimsMember thm:LivengoodPropertyMember 2016-01-01 2016-09-30 0001134115 thm:PatentedLodeClaimsMember thm:LivengoodPropertyMember thm:ProductionRoyaltyMember 2016-01-01 2016-09-30 0001134115 thm:LivengoodPropertyMember thm:AlaskaMentalHealthTrustMineralRightsMember 2004-10-01 2016-09-30 0001134115 thm:LivengoodPropertyMember thm:FederalUnpatentedLodeMiningClaimsMember 2004-10-01 2016-09-30 0001134115 thm:LivengoodPropertyMember thm:PatentedLodeClaimsMember thm:ProductionRoyaltyMember 2004-10-01 2016-09-30 0001134115 thm:LivengoodPropertyMember thm:UnpatentedFederalLodeMiningAndFederalUnpatentedPlacerClaimsMember 2004-10-01 2016-09-30 0001134115 thm:LivengoodGoldProjectMember 2011-12-31 0001134115 thm:LivengoodGoldProjectMember 2016-01-01 2016-09-30 0001134115 thm:LivengoodGoldProjectMember 2016-09-30 0001134115 thm:ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceOneMember 2016-09-30 0001134115 thm:ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceTwoMember 2016-09-30 0001134115 thm:ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceThreeMember 2016-09-30 0001134115 thm:ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceFourMember 2016-09-30 0001134115 thm:ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceFiveMember 2016-09-30 0001134115 thm:ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceSixMember 2016-09-30 0001134115 thm:ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceSevenMember 2016-09-30 0001134115 thm:ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceEightMember 2016-09-30 0001134115 thm:ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceOneMember 2015-12-31 0001134115 thm:ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceTwoMember 2015-12-31 0001134115 thm:ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceThreeMember 2015-12-31 0001134115 thm:ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceFourMember 2015-12-31 0001134115 thm:ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceFiveMember 2015-12-31 0001134115 thm:ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceSixMember 2015-12-31 0001134115 thm:ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceSevenMember 2015-12-31 0001134115 thm:ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceEightMember 2015-12-31 0001134115 us-gaap:StockOptionMember 2015-01-01 2015-09-30 0001134115 country:CA 2015-12-31 0001134115 country:US 2016-09-30 0001134115 country:US 2015-12-31 0001134115 country:CA 2016-09-30 0001134115 country:CA 2016-07-01 2016-09-30 0001134115 country:US 2016-07-01 2016-09-30 0001134115 country:CA 2015-07-01 2015-09-30 0001134115 country:US 2015-07-01 2015-09-30 0001134115 country:CA 2016-01-01 2016-09-30 0001134115 country:US 2016-01-01 2016-09-30 0001134115 country:CA 2015-01-01 2015-09-30 0001134115 country:US 2015-01-01 2015-09-30 0001134115 thm:LivengoodPropertyPurchaseObligationMember 2016-09-30 0001134115 thm:MineralPropertyLeasesObligationMember 2016-09-30 0001134115 thm:MiningClaimGovernmentFeesObligationMember 2016-09-30 0001134115 thm:AlaskaOrNevadaGoldMinesLtdMember 2011-12-01 2011-12-31 0001134115 thm:HeflingerGroupMember 2011-12-01 2011-12-31 0001134115 thm:AlaskaOrNevadaGoldMinesLtdMember 2015-03-01 2015-03-26 0001134115 thm:LivengoodPropertyPurchaseObligationMember 2016-09-30 0001134115 thm:ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceOneMember 2016-01-01 2016-09-30 0001134115 thm:ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceTwoMember 2016-01-01 2016-09-30 0001134115 thm:ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceThreeMember 2016-01-01 2016-09-30 0001134115 thm:ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceFourMember 2016-01-01 2016-09-30 0001134115 thm:ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceFiveMember 2016-01-01 2016-09-30 0001134115 thm:ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceSixMember 2016-01-01 2016-09-30 0001134115 thm:ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceSevenMember 2016-01-01 2016-09-30 0001134115 thm:ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceEightMember 2016-01-01 2016-09-30 xbrli:shares iso4217:USD iso4217:USD xbrli:shares iso4217:USD thm:Ounce-oz iso4217:CAD xbrli:shares iso4217:CAD xbrli:pure 1759123 6493486 192226 6685712 30083 122043 516479 14416479 243692185 33979717 816435 -230984980 47503357 57207692 61919836 218408 26120 1977531 186860 15344588 15344588 243716531 34063362 1149086 -237065875 41863104 61919836 55204041 55204041 57207692 394436 357728 0 13900000 14800000 0 340463 200660 5293 206222 112289 1957019 24255 15427 189185 139812 121719 80706 1962707 5155097 905123 38122 500000 1462245 -3692852 -8895 -1414013 -1422908 -5115760 -0.03 116325463 116313638 76506 3963 2504284 200532 14508 30005 155007 108281 -969655 106109 81350 1630035 15689 -900000 5111240 -124784 -6080895 -2459 335110 332651 -5748244 -0.05 82091 63973 1754 68137 19209 727477 6144 4675 63572 40444 36733 41064 657914 1749214 334228 7497 400000 741725 -1007489 5272 -583280 -578008 -1585497 -0.01 116348855 116313638 27119 1323 528117 69326 4487 9546 63057 50307 -91386 35374 42702 537872 3534 -100000 1433203 -3020 -1524589 -13210 38852 25642 -1498947 -0.01 8100 0 39440 19000 53155530 243692185 33439249 2196252 -226172156 116313638 448310 0 0 448310 0 92587 0 92587 0 0 0 0 -1414013 0 0 0 -8895 0 0 0 0 -3692852 48488080 243692185 33887559 773344 -229865008 243716531 34063362 1149086 -237065875 116313638 116353638 0 0 0 0 0 -6080895 335110 0 0 -2459 0 0 92158 0 92158 0 0 0 0 3057 0 -179368 3057 0 -179368 0 -1119972 0 0 0 0 -1119972 816435 243692185 33979717 -230984980 116313638 219402 219402 0 0 0 448310 -84838 -5612868 13521473 7908605 10994 -461699 -4127104 -1485764 -29992 11041 291343 -4734363 92587 24284 -5041110 1 0 14800000 0 20318 20318 0 0 14800000 11741 0 13900000 0 11741 0 0 13900000 55204041 55204041 0 7091 87754 140355 1613994 717073 494316 496968 27845 18262 0 233398 509274 27056 33375 33862 9984 1957019 2504284 6511 4185 P19Y 1.25 0.025 0.050 0.005 0.010 P19Y 50000 0.02 0.03 0.01 1000000 326776 50000 20000 25000 1000000 0.03 0.03 500000 500000 15000 250000 125000 125000 0.02 1000000 P120D 15000 20000 2302666 630000 165000 113000 127502 247034 19900 288451 0 69277 27535 219499 33420 255031 13900000 1320 14800000 1360 23100000 13500000 720 23148 720 5854000 2.68 0.8 2135200 1923000 -4.01 6066200 1.6 0 0 0 6026200 0 1.61 3.17 2.18 1.11 0.73 1.11 1 0.5 1 3.17 2.18 1.11 0.73 1.11 1 0.5 1 1675000 319000 1030000 594000 430000 1260000 688200 30000 1675000 319000 1030000 594000 430000 1260000 728200 30000 1675000 319000 1030000 594000 430000 839999 445466 20000 1675000 319000 686666 396000 286666 419999 242733 10000 2030136 0.34 1357401 672735 0.38 0.25 0.1 0.806 0.0097 0 0.8 38644 P5M16D 92587 435213 448310 2135200 P4Y3M14D 9563 55753145 6115698 55804138 55204041 55204041 1454547 20520 6106135 579577 9098 17022 1445449 532082 0 0 -276954 -1247635 8703 -1016192 -915561 -5165334 -303255 -3389597 0 0 14800000 2170543 0 0 17545168 574625 15336775 14800000 421850 114925 541828 0 426903 114925 546957 0 432032 114925 557162 0 442237 114925 562446 0 447521 114925 0.7 0.3 0.119 10-Q false 2016-09-30 2016 Q3 INTERNATIONAL TOWER HILL MINES LTD 0001134115 --12-31 Smaller Reporting Company THM 116353638 0 0 500000000 500000000 116353638 116313638 116353638 116313638 <div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px 0px 0px 0.5in; FONT: 10pt Times New Roman, Times, Serif"> The following table assumes that the Company retains the rights to all of its current mineral properties, but does not exercise any lease purchase or royalty buyout options:</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px 0px 0px 0.5in; FONT: 10pt Times New Roman, Times, Serif"> &#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-ALIGN:Left; TEXT-INDENT: 0in; WIDTH: 100%"> <table style="MARGIN: 0in 0in 0in 0.5in; WIDTH: 90%; BORDER-COLLAPSE: collapse; OVERFLOW: visible" cellspacing="0" cellpadding="0" align="left"> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="19%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="69%" colspan="20"> <div>Payments&#160;Due&#160;in&#160;Calendar&#160;Year</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="19%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="9%" colspan="2"> <div>2016</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="9%" colspan="2"> <div>2017</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="9%" colspan="2"> <div>2018</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="9%" colspan="2"> <div>2019</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="9%" colspan="2"> <div>2020</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="9%" colspan="2"> <div>2021&#160;and&#160;<br/> beyond</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="9%" colspan="2"> <div>Total</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="19%"> <div>Livengood Property Purchase<sup style="font-style:normal">(1)</sup></div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="8%"> <div>-</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="8%"> <div>14,800,000</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="8%"> <div>-</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="8%"> <div>-</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="8%"> <div>-</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="8%"> <div>-</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="8%"> <div>14,800,000</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="19%"> <div>Mineral Property Leases<sup style="font-style:normal">(2)</sup></div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="8%"> <div>-</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="8%"> <div>421,850</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="8%"> <div>426,903</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="8%"> <div>432,032</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="8%"> <div>442,237</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="8%"> <div>447,521</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="8%"> <div>2,170,543</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="19%"> <div>Mining Claim Government Fees</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="8%"> <div>-</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="8%"> <div>114,925</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="8%"> <div>114,925</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="8%"> <div>114,925</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="8%"> <div>114,925</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="8%"> <div>114,925</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="8%"> <div>574,625</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="19%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="8%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="8%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="8%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="8%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="8%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="8%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="8%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="19%"> <div>Total</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="8%"> <div>-</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="8%"> <div>15,336,775</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="8%"> <div>541,828</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="8%"> <div>546,957</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="8%"> <div>557,162</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="8%"> <div>562,446</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="8%"> <div>17,545,168</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> </table> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px"> &#160;</div> <table style="MARGIN-TOP: 0px; FONT: 10pt Times New Roman, Times, Serif; MARGIN-BOTTOM: 0px" cellspacing="0" cellpadding="0" width="100%"> <tr style="VERTICAL-ALIGN: top"> <td style="WIDTH: 0.75in"></td> <td style="WIDTH: 0.25in"> <div>1.</div> </td> <td> <div>The amount payable on January 12, 2017 of $<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">14,800,000</font> represents the fair value of the Company&#8217;s derivative liability as at September 30, 2016 and will be revalued at each subsequent reporting period. See Note 6.</div> </td> </tr> </table> <table style="MARGIN-TOP: 0px; FONT: 10pt Times New Roman, Times, Serif; MARGIN-BOTTOM: 0px" cellspacing="0" cellpadding="0" width="100%"> <tr style="VERTICAL-ALIGN: top"> <td style="WIDTH: 0.75in"></td> <td style="WIDTH: 0.25in"> <div>2.</div> </td> <td> <div>Does not include required work expenditures, as it is assumed that the required expenditure level is significantly below the level of work that will actually be carried out by the Company. Does not include potential royalties that may be payable (other than annual minimum royalty payments). See Note 4.<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font></div> </td> </tr> </table> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> 14800000 <div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px 0px 0px 0.5in; FONT: 10pt Times New Roman, Times, Serif"> The Company operates in a single reportable segment, being the exploration and development of mineral properties. The following tables present selected financial information by geographic location:</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px 0px 0px 28.35pt; FONT: 10pt Times New Roman, Times, Serif"> &#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-ALIGN:Left; TEXT-INDENT: 0in; WIDTH: 100%"> <table style="MARGIN: 0in 0in 0in 0.5in; WIDTH: 92%; BORDER-COLLAPSE: collapse; OVERFLOW: visible" cellspacing="0" cellpadding="0" align="left"> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="49%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="13%" colspan="2"> <div>Canada</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="13%" colspan="2"> <div>United&#160;States</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="13%" colspan="2"> <div>Total</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="49%"> <div>September 30, 2016</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="12%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="12%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="12%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="49%"> <div>Capitalized acquisition costs</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="12%"> <div>-</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="12%"> <div>55,204,041</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="12%"> <div>55,204,041</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="49%"> <div>Property and equipment</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="12%"> <div>9,098</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="12%"> <div>17,022</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="12%"> <div>26,120</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="49%"> <div>Current assets</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="12%"> <div>1,445,449</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="12%"> <div>532,082</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="12%"> <div>1,977,531</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="49%"> <div>Total assets</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="12%"> <div>1,454,547</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="12%"> <div>55,753,145</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="12%"> <div>57,207,692</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="49%"> <div>December 31, 2015</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 3px double; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 3px double; FONT-WEIGHT: 400" width="12%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 3px double; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 3px double; FONT-WEIGHT: 400" width="12%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 3px double; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 3px double; FONT-WEIGHT: 400" width="12%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="49%"> <div>Capitalized acquisition costs</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="12%"> <div>-</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="12%"> <div>55,204,041</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="12%"> <div>55,204,041</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="49%"> <div>Property and equipment</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="12%"> <div>9,563</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="12%"> <div>20,520</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="12%"> <div>30,083</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="49%"> <div>Current assets</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="12%"> <div>6,106,135</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="12%"> <div>579,577</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="12%"> <div>6,685,712</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="49%"> <div>Total assets</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="12%"> <div>6,115,698</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="12%"> <div>55,804,138</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="12%"> <div>61,919,836</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> </table> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px 0px 0px 0.5in; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-ALIGN:Left; TEXT-INDENT: 0in; WIDTH: 100%"> <table style="MARGIN: 0in 0in 0in 0.5in; WIDTH: 92%; BORDER-COLLAPSE: collapse; OVERFLOW: visible" cellspacing="0" cellpadding="0" align="left"> <tr style="HEIGHT: 12px"> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="59%"> <div>Three&#160;months&#160;ended</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="15%" colspan="2"> <div>September&#160;30,&#160;2016</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="15%" colspan="2"> <div>September&#160;30,&#160;2015</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="59%"> <div>Net gain/(loss) for the period &#150; Canada</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="14%"> <div>(276,954)</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="14%"> <div>8,703</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="59%"> <div>Net loss for the period - United States</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="14%"> <div>(1,247,635)</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="14%"> <div>(1,016,192)</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="59%"> <div>Net loss for the period</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="14%"> <div>(1,524,589)</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="14%"> <div>(1,007,489)</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> </table> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px 0px 0px 0.5in; FONT: 10pt Times New Roman, Times, Serif"> <strong>&#160;</strong></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-ALIGN:Left; TEXT-INDENT: 0in; WIDTH: 100%"> <table style="MARGIN: 0in 0in 0in 0.5in; WIDTH: 92%; BORDER-COLLAPSE: collapse; OVERFLOW: visible" cellspacing="0" cellpadding="0" align="left"> <tr style="HEIGHT: 12px"> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="59%"> <div>Nine&#160;months&#160;ended</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="15%" colspan="2"> <div>September&#160;30,&#160;2016</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="15%" colspan="2"> <div>September&#160;30,&#160;2015</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="59%"> <div>Net loss for the period &#150; Canada</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="14%"> <div>(915,561)</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="14%"> <div>(303,255)</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="59%"> <div>Net loss for the period - United States</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="14%"> <div>(5,165,334)</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="14%"> <div>(3,389,597)</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="59%"> <div>Net loss for the period</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="14%"> <div>(6,080,895)</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="14%"> <div>(3,692,852)<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font></div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> </table> </div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px 0px 0px 0.5in; FONT: 10pt Times New Roman, Times, Serif" align="justify"></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px 0px 0px 0.5in; FONT: 10pt Times New Roman, Times, Serif" align="justify">A summary of the status of the stock option plan as of September 30, 2016 and December 31, 2015 and changes is presented below:</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0in; MARGIN: 0px 0px 0px 0.5in; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-ALIGN:Left; TEXT-INDENT: 0in; WIDTH: 100%"> <table style="MARGIN: 0in 0in 0in 0.5in; WIDTH: 92%; BORDER-COLLAPSE: collapse; OVERFLOW: visible" cellspacing="0" cellpadding="0" align="left"> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="43%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="23%" colspan="5"> <div>Nine&#160;Months&#160;Ended</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="23%" colspan="5"> <div>Year&#160;Ended</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="43%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="23%" colspan="5"> <div>September&#160;30,&#160;2016</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="23%" colspan="5"> <div>December 31, 2015</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="43%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="11%" colspan="2"> <div>Number&#160;of&#160;<br/> Options</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="11%" colspan="2"> <div>Weighted<br/> Average<br/> Exercise<br/> Price&#160;(C$)</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="11%" colspan="2"> <div>Number&#160;of<br/> Options</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="11%" colspan="2"> <div>Weighted<br/> Average<br/> Exercise<br/> Price&#160;(C$)</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="43%"> <div>Balance, beginning of the period</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="10%"> <div>6,066,200</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="10%"> <div>1.60</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="10%"> <div>5,854,000</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="10%"> <div>2.68</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; PADDING-LEFT: 13px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="43%"> <div>Granted</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>-</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>-</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>2,135,200</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>0.80</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; PADDING-LEFT: 13px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="43%"> <div>Exercised</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>(40,000)</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>(0.50)</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>-</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>-</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; PADDING-LEFT: 13px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="43%"> <div>Cancelled</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>-</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>-</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>(1,923,000)</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>(4.01)</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="43%"> <div>Balance, end of the period</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="10%"> <div>6,026,200</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>1.61</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="10%"> <div>6,066,200</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>1.60</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> </table> </div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px 0px 0px 31.5pt; FONT: 10pt Times New Roman, Times, Serif" align="justify"></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 31.5pt; MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">Stock options outstanding are as follows:</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px 0px 0px 0.5in; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-ALIGN:Left; TEXT-INDENT: 0in; WIDTH: 100%"> <table style="MARGIN: 0in 0in 0in 0.5in; WIDTH: 92%; BORDER-COLLAPSE: collapse; OVERFLOW: visible" cellspacing="0" cellpadding="0" align="left"> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="19%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="35%" colspan="8"> <div>September&#160;30,&#160;2016</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="35%" colspan="8"> <div>December&#160;31,&#160;2015</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="19%"> <div>Expiry&#160;Date</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="11%" colspan="2"> <div>Exercise<br/> Price&#160;(C$)</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="11%" colspan="2"> <div>Number&#160;of<br/> Options</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="11%" colspan="2"> <div>Exercisable</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="11%" colspan="2"> <div>Exercise<br/> Price&#160;(C$)</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="11%" colspan="2"> <div>Number&#160;of<br/> Options</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="11%" colspan="2"> <div>Exercisable</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="19%"> <div>August 24, 2017</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="10%"> <div>3.17</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="10%"> <div>1,675,000</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="10%"> <div>1,675,000</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="10%"> <div>3.17</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="10%"> <div>1,675,000</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="10%"> <div>1,675,000</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="19%"> <div>March 14, 2018</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>2.18</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>319,000</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>319,000</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>2.18</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>319,000</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>319,000</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="19%"> <div>February 25, 2022</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>1.11</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>1,030,000</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>1,030,000</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>1.11</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>1,030,000</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>686,666</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="19%"> <div>February 25, 2022</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>0.73</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>594,000</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>594,000</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>0.73</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>594,000</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>396,000</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="19%"> <div>March 10, 2022</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>1.11</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>430,000</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>430,000</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>1.11</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>430,000</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>286,666</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="19%"> <div>March 16, 2023</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>1.00</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>1,260,000</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>839,999</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>1.00</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>1,260,000</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>419,999</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="19%"> <div>March 16, 2023</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>0.50</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>688,200</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>445,466</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>0.50</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>728,200</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>242,733</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="19%"> <div>June 9, 2023</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>1.00</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>30,000</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>20,000</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>1.00</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>30,000</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>10,000</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="19%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="10%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="10%"> <div>6,026,200</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="10%"> <div>5,353,465</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="10%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="10%"> <div>6,066,200</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="10%"> <div>4,036,064</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> </table> </div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px 0px 0px 0.5in; FONT: 10pt Times New Roman, Times, Serif" align="justify">A summary of the non-vested options as of September 30, 2016 and changes during the nine months ended September 30, 2016 is as follows:</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px 0px 0px 0.5in; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-ALIGN:Left; TEXT-INDENT: 0in; WIDTH: 100%"> <table style="MARGIN: 0in 0in 0in 0.5in; WIDTH: 92%; BORDER-COLLAPSE: collapse; OVERFLOW: visible" cellspacing="0" cellpadding="0" align="left"> <tr style="HEIGHT: 12px"> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="59%"> <div>Non-vested&#160;options:</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="15%" colspan="2"> <div>Number&#160;of<br/> options</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="15%" colspan="2"> <div>Weighted<br/> average&#160;grant-<br/> date&#160;fair&#160;value<br/> (C$)</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="59%"> <div>Outstanding at December 31, 2015</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="14%"> <div>2,030,136</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="14%"> <div>0.34</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; PADDING-LEFT: 13px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="59%"> <div>Vested</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="14%"> <div>(1,357,401)</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="14%"> <div>0.38</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="59%"> <div>Outstanding at September 30, 2016</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="14%"> <div>672,735</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="14%"> <div>0.25</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> </table> </div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px 0px 0px 0.5in; FONT: 10pt Times New Roman, Times, Serif" align="justify"></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif"> The following weighted average assumptions were used for the Black-Scholes option pricing model calculations:</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px 0px 0px 0.5in; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-ALIGN:Left; TEXT-INDENT: 0in; WIDTH: 100%"> <table style="MARGIN: 0in 0in 0in 0.5in; WIDTH: 75%; BORDER-COLLAPSE: collapse; OVERFLOW: visible" cellspacing="0" cellpadding="0" align="left"> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="60%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="13%" colspan="2"> <div>YTD&#160;December&#160;31,<br/> 2015</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="60%"> <div>Expected life of options</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="12%"> <div>6 years</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="60%"> <div>Risk-free interest rate</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="12%"> <div>0.97</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>%</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="60%"> <div>Annualized volatility</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="12%"> <div>80.60</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>%</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="60%"> <div>Dividend rate</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="12%"> <div>0.00</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>%</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="60%"> <div>Exercise price (C$)</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="12%"> <div>0.80</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> </table> </div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> 40000 0 0.50 -0 4036064 6066200 5353465 6026200 15404 0 15404 0 <div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px 0px 0px 0.5in; FONT: 10pt Times New Roman, Times, Serif"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px 0px 0px 0.5in; FONT: 10pt Times New Roman, Times, Serif"> The fair value of the derivative liability and the estimated Average Gold Price are as follows:</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px 0px 0px 0.5in; FONT: 10pt Times New Roman, Times, Serif"> &#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-ALIGN:Left; TEXT-INDENT: 0in; WIDTH: 100%"> <table style="MARGIN: 0in 0in 0in 0.5in; WIDTH: 92%; BORDER-COLLAPSE: collapse; OVERFLOW: visible" cellspacing="0" cellpadding="0" align="left"> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="63%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="13%" colspan="2"> <div>Total</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="13%" colspan="2"> <div>Average&#160;Gold&#160;<br/> Price&#160;($/oz.)</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; PADDING-LEFT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="63%"> <div>Derivative value at December 31, 2015</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="12%"> <div>13,900,000</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="12%"> <div>1,320</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; PADDING-LEFT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="63%"> <div>Unrealized loss for the period</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="12%"> <div>900,000</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="12%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; PADDING-LEFT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="63%"> <div>Derivative value at September 30, 2016</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="12%"> <div>14,800,000</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="12%"> <div>1,360</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> </table> </div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> P5Y <div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px 0px 0px 0.5in; FONT: 10pt Times New Roman, Times, Serif"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px 0px 0px 0.5in; FONT: 10pt Times New Roman, Times, Serif"> The following table presents the accrued liabilities balances at September 30, 2016 and December 31, 2015.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px 0px 0px 0.5in; FONT: 10pt Times New Roman, Times, Serif"> &#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-ALIGN:Left; TEXT-INDENT: 0in; WIDTH: 100%"> <table style="BORDER-BOTTOM: 0px solid; BORDER-LEFT: 0px solid; MARGIN: 0in 0in 0in 0.5in; WIDTH: 92%; BORDER-COLLAPSE: collapse; OVERFLOW: visible; BORDER-TOP: 0px solid; BORDER-RIGHT: 0px solid" cellspacing="0" cellpadding="0" align="left"> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="63%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="13%" colspan="2"> <div>September&#160;30,<br/> 2016</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="13%" colspan="2"> <div>December&#160;31,<br/> 2015</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="63%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 700" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 700" width="12%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 700" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 700" width="12%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="63%"> <div>Accrued liabilities</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="12%"> <div>288,451</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="12%"> <div>247,034</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="63%"> <div>Accrued severance</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="12%"> <div>-</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="12%"> <div>19,900</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="63%"> <div>Accrued salaries and benefits</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="12%"> <div>69,277</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="12%"> <div>127,502</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="63%"> <div>Total accrued liabilities</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="12%"> <div>357,728</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="12%"> <div>394,436</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> </font>&#160;</div> </td> </tr> </table> </div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px 0px 0px 0.5in; FONT: 10pt Times New Roman, Times, Serif"> The Company had the following activity related to capitalized acquisition costs:</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px 0px 0px 0.5in; FONT: 10pt Times New Roman, Times, Serif"> &#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-ALIGN:Left; TEXT-INDENT: 0in; WIDTH: 100%"> <table style="BORDER-BOTTOM: 0px solid; BORDER-LEFT: 0px solid; MARGIN: 0in 0in 0in 0.5in; WIDTH: 80%; BORDER-COLLAPSE: collapse; OVERFLOW: visible; BORDER-TOP: 0px solid; BORDER-RIGHT: 0px solid" cellspacing="0" cellpadding="0" align="left"> <tr style="HEIGHT: 12px"> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="67%"> <div>Capitalized&#160;acquisition&#160;costs</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="11%" colspan="2"> <div>Amount</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 700" width="67%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 700" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 700" width="10%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="67%"> <div>Balance, December 31, 2015</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>55,204,041</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="67%"> <div>Acquisition costs</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>-</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="67%"> <div>Balance, September 30, 2016</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="10%"> <div>55,204,041<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font></div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> </table> </div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px 0px 0px 0.5in; FONT: 10pt Times New Roman, Times, Serif"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px 0px 0px 0.5in; FONT: 10pt Times New Roman, Times, Serif"> The following table presents costs incurred for exploration and evaluation activities for the nine months ended September 30, 2016 and 2015:</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px 0px 0px 0.5in; FONT: 10pt Times New Roman, Times, Serif"> &#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-ALIGN:Left; TEXT-INDENT: 0in; WIDTH: 100%"> <table style="BORDER-BOTTOM: 0px solid; BORDER-LEFT: 0px solid; MARGIN: 0in 0in 0in 0.5in; WIDTH: 80%; BORDER-COLLAPSE: collapse; OVERFLOW: visible; BORDER-TOP: 0px solid; BORDER-RIGHT: 0px solid" cellspacing="0" cellpadding="0" align="left"> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="55%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="11%" colspan="2"> <div>September&#160;30,<br/> 2016</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="11%" colspan="2"> <div>September&#160;30,<br/> 2015</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="55%"> <div>Exploration&#160;costs:</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 700" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 700" width="10%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 700" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 700" width="10%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; PADDING-LEFT: 13px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="55%"> <div>Aircraft services</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>6,511</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>4,185</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; PADDING-LEFT: 13px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="55%"> <div>Assay</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>-</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>9,984</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; PADDING-LEFT: 13px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="55%"> <div>Environmental</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>233,398</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>509,274</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; PADDING-LEFT: 13px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="55%"> <div>Equipment rental</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>33,375</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>33,862</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; PADDING-LEFT: 13px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="55%"> <div>Field costs</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>87,754</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>140,355</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; PADDING-LEFT: 13px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="55%"> <div>Geological/geophysical</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>1,613,994</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>717,073</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; PADDING-LEFT: 13px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="55%"> <div>Land maintenance &amp; tenure</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>494,316</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>496,968</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; PADDING-LEFT: 13px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="55%"> <div>Legal</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>27,845</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>18,262</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; PADDING-LEFT: 13px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="55%"> <div>Transportation and travel</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>7,091</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>27,056</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="55%"> <div>Total expenditures for the period</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="10%"> <div>2,504,284</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="10%"> <div>1,957,019<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font></div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> </table> </div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> 40000 15404 15404 0 0 0 0 8942 -8942 0 0 <div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <table style="BORDER-BOTTOM: 0px solid; BORDER-LEFT: 0px solid; MARGIN-TOP: 0px; FONT: 10pt Times New Roman, Times, Serif; MARGIN-BOTTOM: 0pt; BORDER-TOP: 0px solid; BORDER-RIGHT: 0px solid" cellspacing="0" cellpadding="0"> <tr style="TEXT-ALIGN: justify; VERTICAL-ALIGN: top"> <td style="TEXT-ALIGN: left; WIDTH: 0.5in"> <div><b><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> </font>10.</b></div> </td> <td style="TEXT-ALIGN: justify"> <div><b>RELATED PARTY TRANSACTIONS</b></div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"><b>&#160;</b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px 0px 0px 0.5in; FONT: 10pt Times New Roman, Times, Serif"> In December 2011, in accordance with a Stock and Asset Purchase Agreement (the &#8220;Agreement&#8221;) between the Company, Alaska/Nevada Gold Mines, Ltd. (&#8220;AN Gold Mines&#8221;) and the Heflinger Group, the Company acquired certain mining claims and related rights in the vicinity of the Livengood Gold Project located near Fairbanks, Alaska. The Company&#8217;s derivative liability, as described in Note 6 above, represents the remaining consideration for the purchase of these claims and related rights and is payable in January 2017. Under the Agreement, the payment is due <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> 70</font>% to AN Gold Mines and <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> 30</font>% to the Heflinger Group.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif"> &#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px 0px 0px 0.5in; FONT: 10pt Times New Roman, Times, Serif"> Mr. Hanneman was appointed Chief Operating Officer of the Company on March 26, 2015. Mr. Hanneman is a partner of the general partner, as well as a limited partner, of AN Gold Mines and holds an <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> 11.9</font>% net interest in AN Gold Mines.</div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <table style="MARGIN-TOP: 0px; FONT: 10pt Times New Roman, Times, Serif; MARGIN-BOTTOM: 0pt" cellspacing="0" cellpadding="0"> <tr style="TEXT-ALIGN: justify; VERTICAL-ALIGN: top"> <td style="TEXT-ALIGN: left; WIDTH: 0.5in"> <div><strong><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> </font>9.</strong></div> </td> <td style="TEXT-ALIGN: justify"> <div><strong>COMMITMENTS</strong></div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px 0px 0px 0.5in; FONT: 10pt Times New Roman, Times, Serif" align="justify"><strong>&#160;</strong></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px 0px 0px 0.5in; FONT: 10pt Times New Roman, Times, Serif"> The following table discloses, as of September 30, 2016, the Company&#8217;s contractual obligations including anticipated mineral property payments and work commitments. Under the terms of the Company&#8217;s mineral property purchase agreements, mineral leases and the terms of the unpatented mineral claims held by it, the Company is required to make certain scheduled acquisition payments, incur certain levels of expenditures, make lease or advance royalty payments, make payments to government authorities and incur assessment work expenditures as summarized in the table below in order to maintain and preserve the Company&#8217;s interests in the related mineral properties. If the Company is unable or unwilling to make any such payments or incur any such expenditure, it is likely that the Company would lose or forfeit its rights to acquire or hold the related mineral properties. <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> </font>The following table assumes that the Company retains the rights to all of its current mineral properties, but does not exercise any lease purchase or royalty buyout options:</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px 0px 0px 0.5in; FONT: 10pt Times New Roman, Times, Serif"> &#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-ALIGN:Left; TEXT-INDENT: 0in; WIDTH: 100%"> <table style="MARGIN: 0in 0in 0in 0.5in; WIDTH: 90%; BORDER-COLLAPSE: collapse; OVERFLOW: visible" cellspacing="0" cellpadding="0" align="left"> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="19%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="69%" colspan="20"> <div>Payments&#160;Due&#160;in&#160;Calendar&#160;Year</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="19%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="9%" colspan="2"> <div>2016</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="9%" colspan="2"> <div>2017</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="9%" colspan="2"> <div>2018</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="9%" colspan="2"> <div>2019</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="9%" colspan="2"> <div>2020</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="9%" colspan="2"> <div>2021&#160;and&#160;<br/> beyond</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="9%" colspan="2"> <div>Total</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="19%"> <div>Livengood Property Purchase<sup style="font-style:normal">(1)</sup></div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="8%"> <div>-</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="8%"> <div>14,800,000</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="8%"> <div>-</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="8%"> <div>-</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="8%"> <div>-</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="8%"> <div>-</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="8%"> <div>14,800,000</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="19%"> <div>Mineral Property Leases<sup style="font-style:normal">(2)</sup></div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="8%"> <div>-</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="8%"> <div>421,850</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="8%"> <div>426,903</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="8%"> <div>432,032</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="8%"> <div>442,237</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="8%"> <div>447,521</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="8%"> <div>2,170,543</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="19%"> <div>Mining Claim Government Fees</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="8%"> <div>-</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="8%"> <div>114,925</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="8%"> <div>114,925</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="8%"> <div>114,925</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="8%"> <div>114,925</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="8%"> <div>114,925</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="8%"> <div>574,625</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="19%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="8%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="8%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="8%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="8%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="8%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="8%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="8%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="19%"> <div>Total</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="8%"> <div>-</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="8%"> <div>15,336,775</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="8%"> <div>541,828</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="8%"> <div>546,957</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="8%"> <div>557,162</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="8%"> <div>562,446</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="8%"> <div>17,545,168</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> </table> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px"> &#160;</div> <table style="MARGIN-TOP: 0px; FONT: 10pt Times New Roman, Times, Serif; MARGIN-BOTTOM: 0px" cellspacing="0" cellpadding="0" width="100%"> <tr style="VERTICAL-ALIGN: top"> <td style="WIDTH: 0.75in"></td> <td style="WIDTH: 0.25in"> <div>1.</div> </td> <td> <div>The amount payable on January 12, 2017 of $<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">14,800,000</font> represents the fair value of the Company&#8217;s derivative liability as at September 30, 2016 and will be revalued at each subsequent reporting period. See Note 6.</div> </td> </tr> </table> <table style="MARGIN-TOP: 0px; FONT: 10pt Times New Roman, Times, Serif; MARGIN-BOTTOM: 0px" cellspacing="0" cellpadding="0" width="100%"> <tr style="VERTICAL-ALIGN: top"> <td style="WIDTH: 0.75in"></td> <td style="WIDTH: 0.25in"> <div>2.</div> </td> <td> <div>Does not include required work expenditures, as it is assumed that the required expenditure level is significantly below the level of work that will actually be carried out by the Company. Does not include potential royalties that may be payable (other than annual minimum royalty payments). See Note 4.<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font></div> </td> </tr> </table> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <table style="MARGIN-TOP: 0px; FONT: 10pt Times New Roman, Times, Serif; MARGIN-BOTTOM: 0pt" cellspacing="0" cellpadding="0"> <tr style="TEXT-ALIGN: justify; VERTICAL-ALIGN: top"> <td style="TEXT-ALIGN: left; WIDTH: 0.5in"> <div><strong><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> </font>8.</strong></div> </td> <td style="TEXT-ALIGN: justify"> <div><strong>SEGMENT AND GEOGRAPHIC INFORMATION</strong></div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif"> <strong>&#160;</strong></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px 0px 0px 0.5in; FONT: 10pt Times New Roman, Times, Serif"> <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> </font>The Company operates in a single reportable segment, being the exploration and development of mineral properties. The following tables present selected financial information by geographic location:</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px 0px 0px 28.35pt; FONT: 10pt Times New Roman, Times, Serif"> &#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-ALIGN:Left; TEXT-INDENT: 0in; WIDTH: 100%"> <table style="MARGIN: 0in 0in 0in 0.5in; WIDTH: 92%; BORDER-COLLAPSE: collapse; OVERFLOW: visible" cellspacing="0" cellpadding="0" align="left"> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="49%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="13%" colspan="2"> <div>Canada</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="13%" colspan="2"> <div>United&#160;States</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="13%" colspan="2"> <div>Total</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="49%"> <div>September 30, 2016</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="12%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="12%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="12%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="49%"> <div>Capitalized acquisition costs</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="12%"> <div>-</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="12%"> <div>55,204,041</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="12%"> <div>55,204,041</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="49%"> <div>Property and equipment</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="12%"> <div>9,098</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="12%"> <div>17,022</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="12%"> <div>26,120</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="49%"> <div>Current assets</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="12%"> <div>1,445,449</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="12%"> <div>532,082</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="12%"> <div>1,977,531</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="49%"> <div>Total assets</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="12%"> <div>1,454,547</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="12%"> <div>55,753,145</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="12%"> <div>57,207,692</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="49%"> <div>December 31, 2015</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 3px double; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 3px double; FONT-WEIGHT: 400" width="12%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 3px double; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 3px double; FONT-WEIGHT: 400" width="12%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 3px double; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 3px double; FONT-WEIGHT: 400" width="12%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="49%"> <div>Capitalized acquisition costs</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="12%"> <div>-</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="12%"> <div>55,204,041</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="12%"> <div>55,204,041</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="49%"> <div>Property and equipment</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="12%"> <div>9,563</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="12%"> <div>20,520</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="12%"> <div>30,083</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="49%"> <div>Current assets</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="12%"> <div>6,106,135</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="12%"> <div>579,577</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="12%"> <div>6,685,712</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="49%"> <div>Total assets</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="12%"> <div>6,115,698</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="12%"> <div>55,804,138</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="12%"> <div>61,919,836</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> </table> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px 0px 0px 0.5in; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-ALIGN:Left; TEXT-INDENT: 0in; WIDTH: 100%"> <table style="MARGIN: 0in 0in 0in 0.5in; WIDTH: 92%; BORDER-COLLAPSE: collapse; OVERFLOW: visible" cellspacing="0" cellpadding="0" align="left"> <tr style="HEIGHT: 12px"> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="59%"> <div>Three&#160;months&#160;ended</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="15%" colspan="2"> <div>September&#160;30,&#160;2016</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="15%" colspan="2"> <div>September&#160;30,&#160;2015</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="59%"> <div>Net gain/(loss) for the period &#150; Canada</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="14%"> <div>(276,954)</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="14%"> <div>8,703</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="59%"> <div>Net loss for the period - United States</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="14%"> <div>(1,247,635)</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="14%"> <div>(1,016,192)</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="59%"> <div>Net loss for the period</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="14%"> <div>(1,524,589)</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="14%"> <div>(1,007,489)</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> </table> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px 0px 0px 0.5in; FONT: 10pt Times New Roman, Times, Serif"> <strong>&#160;</strong></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-ALIGN:Left; TEXT-INDENT: 0in; WIDTH: 100%"> <table style="MARGIN: 0in 0in 0in 0.5in; WIDTH: 92%; BORDER-COLLAPSE: collapse; OVERFLOW: visible" cellspacing="0" cellpadding="0" align="left"> <tr style="HEIGHT: 12px"> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="59%"> <div>Nine&#160;months&#160;ended</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="15%" colspan="2"> <div>September&#160;30,&#160;2016</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="15%" colspan="2"> <div>September&#160;30,&#160;2015</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="59%"> <div>Net loss for the period &#150; Canada</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="14%"> <div>(915,561)</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="14%"> <div>(303,255)</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="59%"> <div>Net loss for the period - United States</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="14%"> <div>(5,165,334)</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="14%"> <div>(3,389,597)</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="59%"> <div>Net loss for the period</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="14%"> <div>(6,080,895)</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="14%"> <div>(3,692,852)<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font></div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> </table> </div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <table style="BORDER-BOTTOM: 0px solid; BORDER-LEFT: 0px solid; MARGIN-TOP: 0px; FONT: 10pt Times New Roman, Times, Serif; MARGIN-BOTTOM: 0px; BORDER-TOP: 0px solid; BORDER-RIGHT: 0px solid" cellspacing="0" cellpadding="0" width="100%"> <tr style="VERTICAL-ALIGN: top"> <td style="WIDTH: 0.5in"> <div><strong><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> </font>7.</strong></div> </td> <td> <div><strong>SHARE CAPITAL</strong></div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px 0px 0px 0.5in; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 35.45pt; MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"><strong>Authorized</strong></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 35.45pt; MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 35.45pt; MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">500,000,000 common shares without par value. At December 31, 2015 there were <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> 116,313,638</font></font> shares issued and outstanding. At September 30, 2016 there were <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> 116,353,638</font></font> shares issued and outstanding.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px 0px 0px 35.45pt; FONT: 10pt Times New Roman, Times, Serif"> &#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 35.45pt; MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"><strong>Share issuances</strong></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 35.45pt; MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"><strong>&#160;</strong></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px 0px 0px 0.5in; FONT: 10pt Times New Roman, Times, Serif" align="justify">Issued <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> 40,000</font> common shares pursuant to the exercise of stock options for total proceeds of $<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">15,404</font> and transferred related contributed surplus of $<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">8,942</font> during the nine months ended September 30, 2016.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px 0px 0px 0.5in; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"><strong>Stock options</strong></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0in; MARGIN: 0px 0px 0px 0.5in; FONT: 10pt Times New Roman, Times, Serif" align="justify">The Company adopted an incentive stock option plan in 2006, as amended September 19, 2012 and reapproved on May 28, 2015 at the Company&#8217;s Annual General Meeting (the &#8220;2006 Plan&#8221;). The essential elements of the 2006 Plan provide that the aggregate number of common shares of the Company&#8217;s capital stock that may be made issuable pursuant to options granted under the 2006 Plan may not exceed <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> 10</font>% of the number of issued shares of the Company at the time of the granting of the options. Options granted under the 2006 Plan will have a maximum term of ten years. The exercise price of options granted under the 2006 Plan shall be fixed in compliance with the applicable provisions of the TSX Company Manual in force at the time of grant and, in any event, shall not be less than the closing price of the Company&#8217;s common shares on the TSX on the trading day immediately preceding the day on which the option is granted, or such other price as may be agreed to by the Company and accepted by the Toronto Stock Exchange. Options granted under the 2006 Plan vest immediately, unless otherwise determined by the directors at the date of grant.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px 0px 0px 0.5in; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px 0px 0px 0.5in; FONT: 10pt Times New Roman, Times, Serif"> During the nine month period ended September 30, 2016, there were no incentive stock options granted by the Company.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px 0px 0px 0.5in; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px 0px 0px 0.5in; FONT: 10pt Times New Roman, Times, Serif" align="justify"><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> </font><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font>A summary of the status of the stock option plan as of September 30, 2016 and December 31, 2015 and changes is presented below:</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0in; MARGIN: 0px 0px 0px 0.5in; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-ALIGN:Left; TEXT-INDENT: 0in; WIDTH: 100%"> <table style="MARGIN: 0in 0in 0in 0.5in; WIDTH: 92%; BORDER-COLLAPSE: collapse; OVERFLOW: visible" cellspacing="0" cellpadding="0" align="left"> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="43%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="23%" colspan="5"> <div>Nine&#160;Months&#160;Ended</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="23%" colspan="5"> <div>Year&#160;Ended</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="43%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="23%" colspan="5"> <div>September&#160;30,&#160;2016</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="23%" colspan="5"> <div>December 31, 2015</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="43%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="11%" colspan="2"> <div>Number&#160;of&#160;<br/> Options</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="11%" colspan="2"> <div>Weighted<br/> Average<br/> Exercise<br/> Price&#160;(C$)</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="11%" colspan="2"> <div>Number&#160;of<br/> Options</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="11%" colspan="2"> <div>Weighted<br/> Average<br/> Exercise<br/> Price&#160;(C$)</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="43%"> <div>Balance, beginning of the period</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="10%"> <div>6,066,200</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="10%"> <div>1.60</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="10%"> <div>5,854,000</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="10%"> <div>2.68</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; PADDING-LEFT: 13px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="43%"> <div>Granted</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>-</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>-</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>2,135,200</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>0.80</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; PADDING-LEFT: 13px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="43%"> <div>Exercised</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>(40,000)</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>(0.50)</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>-</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>-</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; PADDING-LEFT: 13px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="43%"> <div>Cancelled</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>-</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>-</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>(1,923,000)</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>(4.01)</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="43%"> <div>Balance, end of the period</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="10%"> <div>6,026,200</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>1.61</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="10%"> <div>6,066,200</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>1.60</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> </table> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px 0px 0px 0.5in; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px 0px 0px 0.5in; FONT: 10pt Times New Roman, Times, Serif" align="justify">The weighted average remaining life of options outstanding at September 30, 2016 was <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> 4.29</font> years.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px 0px 0px 31.5pt; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0in; MARGIN: 0px 0px 0px 0.5in; FONT: 10pt Times New Roman, Times, Serif" align="justify"><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> </font>Stock options outstanding are as follows:</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px 0px 0px 0.5in; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-ALIGN:Left; TEXT-INDENT: 0in; WIDTH: 100%"> <table style="MARGIN: 0in 0in 0in 0.5in; WIDTH: 92%; BORDER-COLLAPSE: collapse; OVERFLOW: visible" cellspacing="0" cellpadding="0" align="left"> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="19%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="35%" colspan="8"> <div>September&#160;30,&#160;2016</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="35%" colspan="8"> <div>December&#160;31,&#160;2015</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="19%"> <div>Expiry&#160;Date</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="11%" colspan="2"> <div>Exercise<br/> Price&#160;(C$)</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="11%" colspan="2"> <div>Number&#160;of<br/> Options</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="11%" colspan="2"> <div>Exercisable</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="11%" colspan="2"> <div>Exercise<br/> Price&#160;(C$)</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="11%" colspan="2"> <div>Number&#160;of<br/> Options</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="11%" colspan="2"> <div>Exercisable</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="19%"> <div>August 24, 2017</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="10%"> <div>3.17</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="10%"> <div>1,675,000</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="10%"> <div>1,675,000</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="10%"> <div>3.17</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="10%"> <div>1,675,000</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="10%"> <div>1,675,000</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="19%"> <div>March 14, 2018</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>2.18</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>319,000</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>319,000</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>2.18</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>319,000</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>319,000</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="19%"> <div>February 25, 2022</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>1.11</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>1,030,000</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>1,030,000</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>1.11</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>1,030,000</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>686,666</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="19%"> <div>February 25, 2022</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>0.73</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>594,000</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>594,000</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>0.73</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>594,000</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>396,000</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="19%"> <div>March 10, 2022</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>1.11</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>430,000</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>430,000</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>1.11</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>430,000</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>286,666</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="19%"> <div>March 16, 2023</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>1.00</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>1,260,000</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>839,999</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>1.00</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>1,260,000</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>419,999</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="19%"> <div>March 16, 2023</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>0.50</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>688,200</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>445,466</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>0.50</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>728,200</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>242,733</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="19%"> <div>June 9, 2023</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>1.00</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>30,000</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>20,000</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>1.00</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>30,000</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>10,000</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="19%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="10%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="10%"> <div>6,026,200</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="10%"> <div>5,353,465</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="10%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="10%"> <div>6,066,200</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="10%"> <div>4,036,064</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> </table> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"><strong>&#160;&#160;</strong> &#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px 0px 0px 0.5in; FONT: 10pt Times New Roman, Times, Serif" align="justify"><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font>A summary of the non-vested options as of September 30, 2016 and changes during the nine months ended September 30, 2016 is as follows:</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px 0px 0px 0.5in; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-ALIGN:Left; TEXT-INDENT: 0in; WIDTH: 100%"> <table style="MARGIN: 0in 0in 0in 0.5in; WIDTH: 92%; BORDER-COLLAPSE: collapse; OVERFLOW: visible" cellspacing="0" cellpadding="0" align="left"> <tr style="HEIGHT: 12px"> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="59%"> <div>Non-vested&#160;options:</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="15%" colspan="2"> <div>Number&#160;of<br/> options</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="15%" colspan="2"> <div>Weighted<br/> average&#160;grant-<br/> date&#160;fair&#160;value<br/> (C$)</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="59%"> <div>Outstanding at December 31, 2015</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="14%"> <div>2,030,136</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="14%"> <div>0.34</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; PADDING-LEFT: 13px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="59%"> <div>Vested</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="14%"> <div>(1,357,401)</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="14%"> <div>0.38</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="59%"> <div>Outstanding at September 30, 2016</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="14%"> <div>672,735</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="14%"> <div>0.25</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> </table> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px 0px 0px 0.5in; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px 0px 0px 0.5in; FONT: 10pt Times New Roman, Times, Serif" align="justify">At September 30, 2016 there was unrecognized compensation expense of C$<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">38,644</font> related to non-vested options outstanding. The cost is expected to be recognized over a weighted-average remaining period of approximately <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> 0.46</font> years.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px 0px 0px 0.5in; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px 0px 0px 0.5in; FONT: 10pt Times New Roman, Times, Serif" align="justify"><strong>Share-based payments</strong></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px 0px 0px 0.5in; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px 0px 0px 0.5in; FONT: 10pt Times New Roman, Times, Serif" align="justify">During the nine month period ended September 30, 2016, there were no incentive stock options granted by the Company. Share-based payment charges for the nine months ended September 30, 2016 totaled $<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">92,587</font>.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px 0px 0px 0.5in; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px 0px 0px 0.5in; FONT: 10pt Times New Roman, Times, Serif" align="justify">During the nine month period ended September 30, 2015, the Company granted <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> 2,135,200</font> stock options with a fair value of $<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">435,213</font>, calculated using the Black-Scholes option pricing model. Share-based payment charges for the nine months ended September 30, 2015 totaled $<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">448,310</font>.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px 0px 0px 0.5in; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif"> <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> </font>The following weighted average assumptions were used for the Black-Scholes option pricing model calculations:</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px 0px 0px 0.5in; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-ALIGN:Left; TEXT-INDENT: 0in; WIDTH: 100%"> <table style="MARGIN: 0in 0in 0in 0.5in; WIDTH: 75%; BORDER-COLLAPSE: collapse; OVERFLOW: visible" cellspacing="0" cellpadding="0" align="left"> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="60%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="13%" colspan="2"> <div>YTD&#160;December&#160;31,<br/> 2015</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="60%"> <div>Expected life of options</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="12%"> <div>6 years</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="60%"> <div>Risk-free interest rate</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="12%"> <div>0.97</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>%</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="60%"> <div>Annualized volatility</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="12%"> <div>80.60</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>%</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="60%"> <div>Dividend rate</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="12%"> <div>0.00</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>%</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="60%"> <div>Exercise price (C$)</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="12%"> <div>0.80</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> </table> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px 0px 0px 0.5in; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px 0px 0px 0.5in; FONT: 10pt Times New Roman, Times, Serif"> The expected volatility used in the Black-Scholes option pricing model is based on the historical volatility of the Company&#8217;s shares.</div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> 2017-08-24 2018-03-14 2022-02-25 2022-02-25 2022-03-10 2023-03-16 <div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <table style="MARGIN-TOP: 0px; FONT: 10pt Times New Roman, Times, Serif; MARGIN-BOTTOM: 0pt" cellspacing="0" cellpadding="0"> <tr style="TEXT-ALIGN: justify; VERTICAL-ALIGN: top"> <td style="TEXT-ALIGN: left; WIDTH: 0.5in"> <div><b><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> </font><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font>2.</b></div> </td> <td style="TEXT-ALIGN: justify"> <div><b>BASIS OF PRESENTATION</b></div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px 0px 0px 0.5in; FONT: 10pt Times New Roman, Times, Serif"> &#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px 0px 0px 0.5in; FONT: 10pt Times New Roman, Times, Serif"> These unaudited condensed consolidated interim financial statements have been prepared in accordance with accounting principles generally accepted in the United States (&#8220;U.S. GAAP&#8221;) for interim financial information and with the instructions to Form&#160;10-Q and Article 8 of Regulation S-X under the Securities Exchange Act of 1934, as amended. Accordingly, they do not include all of the information and footnotes required by U.S. GAAP for annual financial statements. These unaudited condensed consolidated interim financial statements should be read in conjunction with the audited consolidated financial statements for the year ended December 31, 2015 as filed in our Annual Report on Form 10-K. In the opinion of the Company&#8217;s management these financial statements reflect all adjustments, consisting of normal recurring adjustments, necessary to present fairly the Company&#8217;s financial position at September 30, 2016 and the results of its operations for the nine months then ended. &#160;Operating results for the nine months ended September 30, 2016 are not necessarily indicative of the results that may be expected for the year ending December 31, 2016. The 2015 year-end balance sheet data was derived from audited financial statements but does not include all disclosures required by U.S. GAAP.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px 0px 0px 0.5in; FONT: 10pt Times New Roman, Times, Serif"> &#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px 0px 0px 0.5in; FONT: 10pt Times New Roman, Times, Serif"> The preparation of financial statements in conformity with U.S. GAAP requires management to make judgments, estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the period. These judgments, estimates and assumptions are continuously evaluated and are based on management&#8217;s experience and knowledge of the relevant facts and circumstances. While management believes the estimates to be reasonable, actual results could differ from those estimates and could impact future results of operations and cash flows.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px 0px 0px 0.5in; FONT: 10pt Times New Roman, Times, Serif"> &#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px 0px 0px 0.5in; FONT: 10pt Times New Roman, Times, Serif"> On November 14, 2016, the Board approved these condensed consolidated interim financial statements.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px 0px 0px 0.5in; FONT: 10pt Times New Roman, Times, Serif"> &#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif"> <b>Basis of consolidation</b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px 0px 0px 0.5in; FONT: 10pt Times New Roman, Times, Serif"> &#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px 0px 0px 0.5in; FONT: 10pt Times New Roman, Times, Serif"> These consolidated financial statements include the accounts of ITH and its wholly owned subsidiaries TH Alaska, TH US, LPI and 813034 Alberta Ltd. All intercompany transactions and balances have been eliminated.<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font></div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> 2023-03-16 2023-06-09 <div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <table style="MARGIN-TOP: 0px; FONT: 10pt Times New Roman, Times, Serif; MARGIN-BOTTOM: 0px" cellspacing="0" cellpadding="0" width="100%"> <tr style="VERTICAL-ALIGN: top"> <td style="WIDTH: 0.5in"> <div><strong><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> </font>3.</strong></div> </td> <td> <div><strong>FAIR VALUE OF FINANCIAL INSTRUMENTS</strong></div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px 0px 0px 35.45pt; FONT: 10pt Times New Roman, Times, Serif"> &#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px 0px 0px 35.45pt; FONT: 10pt Times New Roman, Times, Serif"> The carrying values of cash and cash equivalents, accounts receivable and accounts payable and accrued liabilities approximate their fair values due to the short-term maturity of these financial instruments.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px 0px 0px 35.45pt; FONT: 10pt Times New Roman, Times, Serif"> &#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px 0px 0px 35.45pt; FONT: 10pt Times New Roman, Times, Serif"> Financial instruments measured at fair value are classified into one of three levels in the fair value hierarchy according to the significance of the inputs used in making the measurement. The three levels of the fair value hierarchy are as follows:</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px 0px 0px 35.45pt; FONT: 10pt Times New Roman, Times, Serif"> &#160;</div> <table style="MARGIN-TOP: 0px; FONT: 10pt Times New Roman, Times, Serif; MARGIN-BOTTOM: 0px" cellspacing="0" cellpadding="0" width="100%"> <tr style="VERTICAL-ALIGN: top"> <td style="WIDTH: 35.45pt"></td> <td style="WIDTH: 18pt"> <div><font style="FONT-FAMILY:Symbol">&#183;</font></div> </td> <td> <div>Level 1 &#150; Unadjusted quoted prices in active markets for identical assets or liabilities;</div> </td> </tr> </table> <table style="MARGIN-TOP: 0px; FONT: 10pt Times New Roman, Times, Serif; MARGIN-BOTTOM: 0px" cellspacing="0" cellpadding="0" width="100%"> <tr style="VERTICAL-ALIGN: top"> <td style="WIDTH: 35.45pt"></td> <td style="WIDTH: 18pt"> <div><font style="FONT-FAMILY:Symbol">&#183;</font></div> </td> <td> <div>Level 2 &#150; Inputs other than quoted prices that are observable for the asset or liability either directly or indirectly; and</div> </td> </tr> </table> <table style="MARGIN-TOP: 0px; FONT: 10pt Times New Roman, Times, Serif; MARGIN-BOTTOM: 0px" cellspacing="0" cellpadding="0" width="100%"> <tr style="VERTICAL-ALIGN: top"> <td style="WIDTH: 35.45pt"></td> <td style="WIDTH: 18pt"> <div><font style="FONT-FAMILY:Symbol">&#183;</font></div> </td> <td> <div>Level 3 &#150; Inputs that are not based on observable market data.</div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt"><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> </font>&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-ALIGN:Left; TEXT-INDENT: 0in; WIDTH: 100%"> <table style="MARGIN: 0in 0in 0in 0.5in; WIDTH: 92%; BORDER-COLLAPSE: collapse; OVERFLOW: visible" cellspacing="0" cellpadding="0" align="left"> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="67%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="23%" colspan="5"> <div> Fair&#160;value&#160;as&#160;at&#160;September&#160;30,&#160;2016</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="67%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 700" width="11%" colspan="2"> <div>Level&#160;1</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 700" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 700" width="11%" colspan="2"> <div>Level&#160;2</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="67%"> <div>Financial assets:</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="10%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="10%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; PADDING-LEFT: 13px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="67%"> <div>Marketable securities</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>20,318</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>-</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; PADDING-LEFT: 13px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="67%"> <div>Total</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="10%"> <div>20,318</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="10%"> <div>-</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="67%"> <div>Financial liabilities:</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 3px double; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 3px double; FONT-WEIGHT: 400" width="10%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 3px double; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 3px double; FONT-WEIGHT: 400" width="10%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; PADDING-LEFT: 13px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="67%"> <div>Derivative liability (Note 6)</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>-</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>14,800,000</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; PADDING-LEFT: 13px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="67%"> <div>Total</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="10%"> <div>-</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="10%"> <div>14,800,000</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> </table> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif"> &#160;&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-ALIGN:Left; TEXT-INDENT: 0in; WIDTH: 100%"> <table style="MARGIN: 0in 0in 0in 0.5in; WIDTH: 92%; BORDER-COLLAPSE: collapse; OVERFLOW: visible" cellspacing="0" cellpadding="0" align="left"> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="67%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="23%" colspan="5"> <div> Fair&#160;value&#160;as&#160;at&#160;December&#160;31,&#160;2015</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="67%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 700" width="11%" colspan="2"> <div>Level&#160;1</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 700" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 700" width="11%" colspan="2"> <div>Level&#160;2</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="67%"> <div>Financial assets:</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="10%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="10%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; PADDING-LEFT: 13px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="67%"> <div>Marketable securities</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>11,741</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>-</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; PADDING-LEFT: 13px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="67%"> <div>Total</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="10%"> <div>11,741</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="10%"> <div>-</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="67%"> <div>Financial liabilities:</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 3px double; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 3px double; FONT-WEIGHT: 400" width="10%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 3px double; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 3px double; FONT-WEIGHT: 400" width="10%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; PADDING-LEFT: 13px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="67%"> <div>Derivative liability (Note 6)</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>-</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>13,900,000</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; PADDING-LEFT: 13px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="67%"> <div>Total</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="10%"> <div>-</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="10%"> <div>13,900,000</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> </table> </div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> P6Y <div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <table style="BORDER-BOTTOM: 0px solid; BORDER-LEFT: 0px solid; MARGIN-TOP: 0px; FONT: 10pt Times New Roman, Times, Serif; MARGIN-BOTTOM: 0px; BORDER-TOP: 0px solid; BORDER-RIGHT: 0px solid" cellspacing="0" cellpadding="0" width="100%"> <tr style="VERTICAL-ALIGN: top"> <td style="WIDTH: 0.5in"> <div><strong><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> </font>4.</strong></div> </td> <td style="TEXT-ALIGN: justify"> <div><strong>CAPITALIZED ACQUISITION COSTS</strong></div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif"> &#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px 0px 0px 0.5in; FONT: 10pt Times New Roman, Times, Serif"> <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> </font>The Company had the following activity related to capitalized acquisition costs:</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px 0px 0px 0.5in; FONT: 10pt Times New Roman, Times, Serif"> &#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-ALIGN:Left; TEXT-INDENT: 0in; WIDTH: 100%"> <table style="BORDER-BOTTOM: 0px solid; BORDER-LEFT: 0px solid; MARGIN: 0in 0in 0in 0.5in; WIDTH: 80%; BORDER-COLLAPSE: collapse; OVERFLOW: visible; BORDER-TOP: 0px solid; BORDER-RIGHT: 0px solid" cellspacing="0" cellpadding="0" align="left"> <tr style="HEIGHT: 12px"> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="67%"> <div>Capitalized&#160;acquisition&#160;costs</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="11%" colspan="2"> <div>Amount</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 700" width="67%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 700" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 700" width="10%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="67%"> <div>Balance, December 31, 2015</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>55,204,041</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="67%"> <div>Acquisition costs</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>-</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="67%"> <div>Balance, September 30, 2016</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="10%"> <div>55,204,041<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font></div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> </table> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px 0px 0px 0.5in; FONT: 10pt Times New Roman, Times, Serif"> &#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px 0px 0px 0.5in; FONT: 10pt Times New Roman, Times, Serif"> <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> </font>The following table presents costs incurred for exploration and evaluation activities for the nine months ended September 30, 2016 and 2015:</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px 0px 0px 0.5in; FONT: 10pt Times New Roman, Times, Serif"> &#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-ALIGN:Left; TEXT-INDENT: 0in; WIDTH: 100%"> <table style="BORDER-BOTTOM: 0px solid; BORDER-LEFT: 0px solid; MARGIN: 0in 0in 0in 0.5in; WIDTH: 80%; BORDER-COLLAPSE: collapse; OVERFLOW: visible; BORDER-TOP: 0px solid; BORDER-RIGHT: 0px solid" cellspacing="0" cellpadding="0" align="left"> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="55%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="11%" colspan="2"> <div>September&#160;30,<br/> 2016</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="11%" colspan="2"> <div>September&#160;30,<br/> 2015</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="55%"> <div>Exploration&#160;costs:</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 700" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 700" width="10%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 700" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 700" width="10%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; PADDING-LEFT: 13px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="55%"> <div>Aircraft services</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>6,511</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>4,185</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; PADDING-LEFT: 13px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="55%"> <div>Assay</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>-</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>9,984</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; PADDING-LEFT: 13px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="55%"> <div>Environmental</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>233,398</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>509,274</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; PADDING-LEFT: 13px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="55%"> <div>Equipment rental</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>33,375</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>33,862</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; PADDING-LEFT: 13px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="55%"> <div>Field costs</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>87,754</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>140,355</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; PADDING-LEFT: 13px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="55%"> <div>Geological/geophysical</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>1,613,994</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>717,073</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; PADDING-LEFT: 13px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="55%"> <div>Land maintenance &amp; tenure</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>494,316</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>496,968</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; PADDING-LEFT: 13px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="55%"> <div>Legal</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>27,845</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>18,262</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; PADDING-LEFT: 13px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="55%"> <div>Transportation and travel</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>7,091</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>27,056</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="55%"> <div>Total expenditures for the period</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="10%"> <div>2,504,284</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="10%"> <div>1,957,019<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font></div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> </table> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px 0px 0px 0.5in; FONT: 10pt Times New Roman, Times, Serif"> &#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"><strong>Livengood Gold Project Property</strong></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px 0px 0px 81pt; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px 0px 0px 0.5in; FONT: 10pt Times New Roman, Times, Serif" align="justify">The Livengood property is located in the Tintina gold belt approximately 113 kilometers (70 miles) northwest of Fairbanks, Alaska. The property consists of land leased from the Alaska Mental Health Trust, a number of smaller private mineral leases, Alaska state mining claims purchased or located by the Company and patented ground held by the Company.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px 0px 0px 0.5in; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px 0px 0px 0.5in; FONT: 10pt Times New Roman, Times, Serif" align="justify">Details of the leases are as follows:</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px 0px 0px 0.5in; FONT: 10pt Times New Roman, Times, Serif" align="justify"> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px 0px 0px 81pt; FONT: 10pt Times New Roman, Times, Serif"> &#160;</div> <table style="BORDER-BOTTOM: 0px solid; BORDER-LEFT: 0px solid; MARGIN-TOP: 0px; FONT: 10pt Times New Roman, Times, Serif; MARGIN-BOTTOM: 0px; BORDER-TOP: 0px solid; BORDER-RIGHT: 0px solid" cellspacing="0" cellpadding="0" width="100%"> <tr style="VERTICAL-ALIGN: top"> <td style="BORDER-BOTTOM-COLOR: #000000; TEXT-ALIGN: left; BORDER-TOP-COLOR: #000000; WIDTH: 25pt; BORDER-RIGHT-COLOR: #000000; VERTICAL-ALIGN: top; BORDER-LEFT-COLOR: #000000"> <div align="right">a)</div> </td> <td style="WIDTH: 36pt"> <div>&#160;</div> </td> <td> <div>a lease of the Alaska Mental Health Trust mineral rights having a term beginning July 1, 2004 and extending <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">19</font> years until June 30, 2023, subject to further extensions beyond June 30, 2023 by either commercial production or payment of an advance minimum royalty equal to <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> 125</font>% of the amount paid in year <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">19</font> and diligent pursuit of development. The lease requires minimum work expenditures and advance minimum royalties (all of which minimum royalties are recoverable from production royalties) which escalate annually with inflation. A net smelter return (&#8220;NSR&#8221;) production royalty of between <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> 2.5</font>% and <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> 5.0</font>% (depending upon the price of gold) is payable to the lessor with respect to the lands subject to this lease. In addition, an NSR production royalty of l% is payable to the lessor with respect to the unpatented federal mining claims subject to the lease described in b) below and an NSR production royalty of between <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> 0.5</font>% and <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> 1.0</font>% (depending upon the price of gold) is payable to the lessor with respect to the lands acquired by the Company as a result of the purchase of Livengood Placers, Inc. in December 2011. During the nine months ended September 30, 2016 and from the inception of this lease the Company has paid $<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">326,776</font> and $<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">2,302,666</font>, respectively.</div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt"> &#160;</div> <table style="BORDER-BOTTOM: 0px solid; BORDER-LEFT: 0px solid; MARGIN-TOP: 0px; FONT: 10pt Times New Roman, Times, Serif; MARGIN-BOTTOM: 0px; BORDER-TOP: 0px solid; BORDER-RIGHT: 0px solid" cellspacing="0" cellpadding="0" width="100%"> <tr style="VERTICAL-ALIGN: top"> <td style="BORDER-BOTTOM-COLOR: #000000; TEXT-ALIGN: left; BORDER-TOP-COLOR: #000000; WIDTH: 25pt; BORDER-RIGHT-COLOR: #000000; VERTICAL-ALIGN: top; BORDER-LEFT-COLOR: #000000"> <div align="right">b)</div> </td> <td style="WIDTH: 36pt"> <div>&#160;</div> </td> <td> <div>a lease of federal unpatented lode mining claims having an initial term of ten years commencing on April 21, 2003 and continuing for so long thereafter as advance minimum royalties are paid and mining related activities, including exploration, continue on the property or on adjacent properties controlled by the Company. The lease requires an advance minimum royalty of $<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">50,000</font> on or before each anniversary date (all of which minimum royalties are recoverable from production royalties). An NSR production royalty of between <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">2</font>% and <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">3</font>% (depending on the price of gold) is payable to the lessors. The Company may purchase <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">1</font>% of the royalty for $<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">1,000,000</font>. During the nine months ended September 30, 2016 and from the inception of this lease the Company has paid $<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">50,000</font> and $<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">630,000</font>, respectively.</div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: -0.5in; MARGIN: 0px 0px 0px 85.5pt; FONT: 10pt Times New Roman, Times, Serif"> &#160;</div> <table style="BORDER-BOTTOM: 0px solid; BORDER-LEFT: 0px solid; MARGIN-TOP: 0px; FONT: 10pt Times New Roman, Times, Serif; MARGIN-BOTTOM: 0px; BORDER-TOP: 0px solid; BORDER-RIGHT: 0px solid" cellspacing="0" cellpadding="0" width="100%"> <tr style="VERTICAL-ALIGN: top"> <td style="BORDER-BOTTOM-COLOR: #000000; TEXT-ALIGN: left; BORDER-TOP-COLOR: #000000; WIDTH: 25pt; BORDER-RIGHT-COLOR: #000000; VERTICAL-ALIGN: top; BORDER-LEFT-COLOR: #000000"> <div align="right">c)</div> </td> <td style="WIDTH: 36pt"> <div>&#160;</div> </td> <td> <div>a lease of patented lode mining claims having an initial term of ten years commencing January 18, 2007, and continuing for so long thereafter as advance minimum royalties are paid. The lease requires an advance minimum royalty of $<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">20,000</font> on or before each anniversary date through January 18, 2017 and $<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">25,000</font> on or before each subsequent anniversary (all of which minimum royalties are recoverable from production royalties). An NSR production royalty of <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">3</font>% is payable to the lessors. The Company may purchase all interests of the lessors in the leased property (including the production royalty) for $<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">1,000,000</font> (less all minimum and production royalties paid to the date of purchase), of which $<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">500,000</font> is payable in cash over four years following the closing of the purchase and the balance of $<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">500,000</font> is payable by way of the <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">3</font>% NSR production royalty. During the nine months ended September 30, 2016 and from the inception of this lease the Company has paid $<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">20,000</font> and $<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">165,000</font>, respectively.</div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: -0.5in; MARGIN: 0px 0px 0px 85.5pt; FONT: 10pt Times New Roman, Times, Serif"> &#160;</div> <table style="BORDER-BOTTOM: 0px solid; BORDER-LEFT: 0px solid; MARGIN-TOP: 0px; FONT: 10pt Times New Roman, Times, Serif; MARGIN-BOTTOM: 0px; BORDER-TOP: 0px solid; BORDER-RIGHT: 0px solid" cellspacing="0" cellpadding="0" width="100%"> <tr style="VERTICAL-ALIGN: top"> <td style="BORDER-BOTTOM-COLOR: #000000; TEXT-ALIGN: left; BORDER-TOP-COLOR: #000000; WIDTH: 25pt; BORDER-RIGHT-COLOR: #000000; VERTICAL-ALIGN: top; BORDER-LEFT-COLOR: #000000"> <div align="right">d)</div> </td> <td style="WIDTH: 36pt"> <div>&#160;</div> </td> <td> <div>a lease of unpatented federal lode mining and federal unpatented placer claims having an initial term of ten years commencing on March 28, 2007, and continuing for so long thereafter as advance minimum royalties are paid and mining related activities, including exploration, continue on the property or on adjacent properties controlled by the Company. The lease requires an advance minimum royalty of $<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">15,000</font> on or before each anniversary date (all of which minimum royalties are recoverable from production royalties). The Company is required to pay the lessor the sum of $<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">250,000</font> upon making a positive production decision, payable $<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">125,000</font> within <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> 120</font> days of the decision and $<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">125,000</font> within a year of the decision (all of which are recoverable from production royalties). An NSR production royalty of <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">2</font>% is payable to the lessor. The Company may purchase all of the interest of the lessor in the leased property (including the production royalty) for $<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">1,000,000</font>. During the nine months ended September 30, 2016 and from the inception of this lease the Company has paid $<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">15,000</font> and $<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">113,000</font>, respectively.</div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <strong>Title to mineral properties</strong></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px 0px 0px 35.45pt; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px 0px 0px 35.45pt; FONT: 10pt Times New Roman, Times, Serif"> The acquisition of title to mineral properties is a detailed and time-consuming process. The Company has taken steps to verify title to mineral properties in which it has an interest. Although the Company has taken every reasonable precaution to ensure that legal title to its properties is properly recorded in the name of the Company, there can be no assurance that such title will ultimately be secured.</div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <table style="BORDER-BOTTOM: 0px solid; BORDER-LEFT: 0px solid; MARGIN-TOP: 0px; FONT: 10pt Times New Roman, Times, Serif; MARGIN-BOTTOM: 0px; BORDER-TOP: 0px solid; BORDER-RIGHT: 0px solid" cellspacing="0" cellpadding="0" width="100%"> <tr style="VERTICAL-ALIGN: top"> <td style="WIDTH: 0.5in"> <div><strong><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> </font>5.</strong></div> </td> <td> <div><strong>ACCRUED LIABILITIES</strong></div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px 0px 0px 0.5in; FONT: 10pt Times New Roman, Times, Serif"> <strong>&#160;</strong></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px 0px 0px 0.5in; FONT: 10pt Times New Roman, Times, Serif"> <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> </font>The following table presents the accrued liabilities balances at September 30, 2016 and December 31, 2015.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px 0px 0px 0.5in; FONT: 10pt Times New Roman, Times, Serif"> &#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-ALIGN:Left; TEXT-INDENT: 0in; WIDTH: 100%"> <table style="BORDER-BOTTOM: 0px solid; BORDER-LEFT: 0px solid; MARGIN: 0in 0in 0in 0.5in; WIDTH: 92%; BORDER-COLLAPSE: collapse; OVERFLOW: visible; BORDER-TOP: 0px solid; BORDER-RIGHT: 0px solid" cellspacing="0" cellpadding="0" align="left"> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="63%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="13%" colspan="2"> <div>September&#160;30,<br/> 2016</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="13%" colspan="2"> <div>December&#160;31,<br/> 2015</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="63%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 700" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 700" width="12%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 700" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 700" width="12%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="63%"> <div>Accrued liabilities</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="12%"> <div>288,451</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="12%"> <div>247,034</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="63%"> <div>Accrued severance</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="12%"> <div>-</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="12%"> <div>19,900</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="63%"> <div>Accrued salaries and benefits</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="12%"> <div>69,277</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="12%"> <div>127,502</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="63%"> <div>Total accrued liabilities</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="12%"> <div>357,728</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="12%"> <div>394,436</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> </font>&#160;</div> </td> </tr> </table> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px 0px 0px 0.5in; FONT: 10pt Times New Roman, Times, Serif"> &#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px 0px 0px 0.5in; FONT: 10pt Times New Roman, Times, Serif"> Accrued liabilities at September 30, 2016 include accruals for general corporate costs and project costs of $<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">33,420</font> and $<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">255,031</font>, respectively. Accrued liabilities at December 31, 2015 include accruals for general corporate costs and project costs of $<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">27,535</font> and $<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">219,499</font>, respectively.</div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <table style="BORDER-BOTTOM: 0px solid; BORDER-LEFT: 0px solid; MARGIN-TOP: 0px; FONT: 10pt Times New Roman, Times, Serif; MARGIN-BOTTOM: 0px; BORDER-TOP: 0px solid; BORDER-RIGHT: 0px solid" cellspacing="0" cellpadding="0" width="100%"> <tr style="VERTICAL-ALIGN: top"> <td style="WIDTH: 0.5in"> <div><strong><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> </font>6.</strong></div> </td> <td style="TEXT-ALIGN: justify"> <div><strong>DERIVATIVE LIABILITY</strong></div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0in; MARGIN: 0px 0px 0px 0.5in; FONT: 10pt Times New Roman, Times, Serif" align="left">During 2011, the Company acquired certain mining claims and related rights in the vicinity of the Livengood Gold Project located near Fairbanks, Alaska. The aggregate consideration for the claims and rights was $<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">13,500,000</font> in cash plus an additional payment based on the five-year average daily gold price (&#8220;Average Gold Price&#8221;) from the date of the acquisition (&#8220;Additional Payment&#8221;). The Additional Payment will equal $<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">23,148</font> for every dollar that the Average Gold Price exceeds $<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">720</font> per troy ounce. If the Average Gold Price is less than $<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">720</font>, there will be no additional consideration due.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0in; MARGIN: 0px 0px 0px 0.5in; FONT: 10pt Times New Roman, Times, Serif" align="left">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0in; MARGIN: 0px 0px 0px 0.5in; FONT: 10pt Times New Roman, Times, Serif" align="left">At initial recognition on December 13, 2011 the derivative liability was valued at $<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">23,100,000</font>. The key assumption used in the valuation of the derivative is the estimate of the future Average Gold Price. The estimate of the future Average Gold Price was determined using a forward curve on future gold prices as published by the CME Group. Using this forward curve, the Company estimated an Average Gold Price based on actual gold prices to September 30, 2016 and projected gold prices from September 30, 2016 to the end of the five year period on December 13,&#160;2016 of $<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">1,360</font> per ounce of gold.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px 0px 0px 0.5in; FONT: 10pt Times New Roman, Times, Serif"> &#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0in; MARGIN: 0px 0px 0px 0.5in; FONT: 10pt Times New Roman, Times, Serif"> <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> </font>The fair value of the derivative liability and the estimated Average Gold Price are as follows:</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px 0px 0px 0.5in; FONT: 10pt Times New Roman, Times, Serif"> &#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-ALIGN:Left; TEXT-INDENT: 0in; WIDTH: 100%"> <table style="MARGIN: 0in 0in 0in 0.5in; WIDTH: 92%; BORDER-COLLAPSE: collapse; OVERFLOW: visible" cellspacing="0" cellpadding="0" align="left"> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="63%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="13%" colspan="2"> <div>Total</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="13%" colspan="2"> <div>Average&#160;Gold&#160;<br/> Price&#160;($/oz.)</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; PADDING-LEFT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="63%"> <div>Derivative value at December 31, 2015</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="12%"> <div>13,900,000</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="12%"> <div>1,320</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; PADDING-LEFT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="63%"> <div>Unrealized loss for the period</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="12%"> <div>900,000</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="12%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; PADDING-LEFT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="63%"> <div>Derivative value at September 30, 2016</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="12%"> <div>14,800,000</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="12%"> <div>1,360</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> </table> </div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt"> &#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-ALIGN:Left; TEXT-INDENT: 0in; WIDTH: 100%"> <table style="MARGIN: 0in 0in 0in 0.5in; WIDTH: 92%; BORDER-COLLAPSE: collapse; OVERFLOW: visible" cellspacing="0" cellpadding="0" align="left"> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="67%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="23%" colspan="5"> <div> Fair&#160;value&#160;as&#160;at&#160;September&#160;30,&#160;2016</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="67%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 700" width="11%" colspan="2"> <div>Level&#160;1</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 700" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 700" width="11%" colspan="2"> <div>Level&#160;2</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="67%"> <div>Financial assets:</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="10%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="10%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; PADDING-LEFT: 13px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="67%"> <div>Marketable securities</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>20,318</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>-</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; PADDING-LEFT: 13px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="67%"> <div>Total</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="10%"> <div>20,318</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="10%"> <div>-</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="67%"> <div>Financial liabilities:</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 3px double; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 3px double; FONT-WEIGHT: 400" width="10%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 3px double; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 3px double; FONT-WEIGHT: 400" width="10%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; PADDING-LEFT: 13px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="67%"> <div>Derivative liability (Note 6)</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>-</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>14,800,000</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; PADDING-LEFT: 13px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="67%"> <div>Total</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="10%"> <div>-</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="10%"> <div>14,800,000</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> </table> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif"> &#160;&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-ALIGN:Left; TEXT-INDENT: 0in; WIDTH: 100%"> <table style="MARGIN: 0in 0in 0in 0.5in; WIDTH: 92%; BORDER-COLLAPSE: collapse; OVERFLOW: visible" cellspacing="0" cellpadding="0" align="left"> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="67%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="23%" colspan="5"> <div> Fair&#160;value&#160;as&#160;at&#160;December&#160;31,&#160;2015</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="67%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 700" width="11%" colspan="2"> <div>Level&#160;1</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 700" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 700" width="11%" colspan="2"> <div>Level&#160;2</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="67%"> <div>Financial assets:</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="10%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="10%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; PADDING-LEFT: 13px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="67%"> <div>Marketable securities</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>11,741</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>-</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; PADDING-LEFT: 13px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="67%"> <div>Total</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="10%"> <div>11,741</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="10%"> <div>-</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="67%"> <div>Financial liabilities:</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 3px double; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 3px double; FONT-WEIGHT: 400" width="10%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 3px double; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 3px double; FONT-WEIGHT: 400" width="10%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; PADDING-LEFT: 13px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="67%"> <div>Derivative liability (Note 6)</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>-</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>13,900,000</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; PADDING-LEFT: 13px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="67%"> <div>Total</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="10%"> <div>-</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="10%"> <div>13,900,000</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> </table> </div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: -0.25in; MARGIN: 0px 0px 0px 0.5in; FONT: 10pt Times New Roman, Times, Serif" align="justify"></div> <table style="BORDER-BOTTOM: 0px solid; BORDER-LEFT: 0px solid; MARGIN-TOP: 0px; FONT: 10pt Times New Roman, Times, Serif; MARGIN-BOTTOM: 0px; BORDER-TOP: 0px solid; BORDER-RIGHT: 0px solid" cellspacing="0" cellpadding="0" width="100%"> <tr style="VERTICAL-ALIGN: top"> <td style="WIDTH: 0.25in"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> </font></div> </td> <td style="WIDTH: 0.25in"> <div style="CLEAR:both;CLEAR: both"><b><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> </font>1.</b></div> </td> <td style="TEXT-ALIGN: justify"> <div style="CLEAR:both;CLEAR: both"><b>GENERAL INFORMATION, NATURE OF OPERATIONS AND GOING CONCERN</b></div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px 0px 0px 0.5in; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px 0px 0px 0.5in; FONT: 10pt Times New Roman, Times, Serif"> International Tower Hill Mines Ltd. (&#8220;ITH&#8221; or the "Company") is incorporated under the laws of British Columbia, Canada. The Company&#8217;s head office address is 2300-1177 West Hastings Street, Vancouver, British Columbia, Canada.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px 0px 0px 0.5in; FONT: 10pt Times New Roman, Times, Serif"> &#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px 0px 0px 0.5in; FONT: 10pt Times New Roman, Times, Serif"> International Tower Hill Mines Ltd. consists of ITH and its wholly owned subsidiaries Tower Hill Mines, Inc. (&#8220;TH Alaska&#8221;) (an Alaska corporation), Tower Hill Mines (US) LLC (&#8220;TH US&#8221;) (a Colorado limited liability company), Livengood Placers, Inc. (&#8220;LPI&#8221;) (a Nevada corporation), and 813034 Alberta Ltd. (an Alberta corporation). The Company is in the business of acquiring, exploring and evaluating mineral properties, and either joint venturing or developing these properties further or disposing of them when the evaluation is completed. At September 30, 2016, the Company was in the exploration stage and controls a <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> 100</font>% interest in its Livengood Gold Project in Alaska, U.S.A.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px 0px 0px 0.5in; FONT: 10pt Times New Roman, Times, Serif"> &#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px 0px 0px 0.5in; FONT: 10pt Times New Roman, Times, Serif"> These unaudited condensed consolidated interim financial statements have been prepared on a going-concern basis, which presumes the realization of assets and discharge of liabilities in the normal course of business for the foreseeable future.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px 0px 0px 0.5in; FONT: 10pt Times New Roman, Times, Serif"> &#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px 0pt 0.5in; FONT: 10pt Times New Roman, Times, Serif"> As at September 30, 2016, the Company had cash and cash equivalents of $1,759,123 compared to $6,493,486 at December 31, 2015. The Company has no revenue generating operations from which it can internally generate funds. As at September 30, 2016, the Company&#8217;s estimate of the amount of the Additional Payment due on January 12, 2017 (see Note 6) is $14,800,000, which significantly exceeds the Company&#8217;s available cash resources. The Company expects to seek to obtain significant additional financing on or before January 2017 in order to be able to make this payment, but there is no assurance that the Company will be able to obtain the additional financing required on acceptable terms, if at all.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px 0px 0px 0.5in; FONT: 10pt Times New Roman, Times, Serif"> &#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px 0px 0px 0.5in; FONT: 10pt Times New Roman, Times, Serif"> Should the Company be unable to make the Additional Payment, the Company will have 30 days to remedy the event of default. Should the default not be remedied, the Company may be required to deliver the underlying claims, which are not part of the Project&#8217;s gold resource but are part of the 75 square mile Livengood land package, into a trust in order for them to be sold. Should the proceeds from sale not be sufficient to satisfy the outstanding amount of the Additional Payment, the beneficiaries will have recourse against the Company for any shortfall. The Company considers it likely that the proceeds from any such sale, should it prove necessary, would be sufficient to satisfy the amount of the Additional Payment.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px 0px 0px 0.5in; FONT: 10pt Times New Roman, Times, Serif"> &#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px 0px 0px 0.5in; FONT: 10pt Times New Roman, Times, Serif"> The Company will also require significant additional financing to continue its operations in connection with advancing activities at the Livengood Gold Project and for the development of any mine that may be determined to be built at the Livengood Gold Project. In addition, any significant delays in the issuance of required permits for the ongoing work at the Livengood Gold Project, or unexpected results in connection with the ongoing work, could result in the Company being required to raise additional funds to advance permitting efforts. The Company&#8217;s review of its financing options includes pursuing a strategic alliance to assist in further development, permitting and future construction costs.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px 0px 0px 0.5in; FONT: 10pt Times New Roman, Times, Serif"> &#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px 0px 0px 0.5in; FONT: 10pt Times New Roman, Times, Serif"> Despite the Company&#8217;s success to date in raising significant equity financing to fund its operations, there is significant uncertainty that the Company will be able to secure any additional financing in the current or future equity markets. Even if the Company is able to secure some additional equity financing, the Company may be unable to raise enough capital to both make the Additional Payment and continue its operations in connection with advancing all activities at the Livengood Gold Project into 2017 and beyond. As a result, there is substantial doubt about our ability to continue as a going concern. The amount of funds to be raised and the terms of any proposed equity financing that may be undertaken will be negotiated by management as opportunities to raise funds arise. Specific plans related to the use of proceeds will be devised once financing has been completed and management knows what funds will be available for these purposes. Due to this uncertainty, if the Company is unable to secure sufficient additional financing, it may be unable to make the Additional Payment when due, and the Company may be required to reduce all discretionary activities at the Project to preserve its working capital to fund anticipated non-discretionary expenditures beyond the 2016 fiscal year.<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;CLEAR: both"> &#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px 0pt 0.5in; FONT: 10pt Times New Roman, Times, Serif"> These financial statements do not reflect the adjustments to the carrying values of assets and liabilities and the reported expenses and balance sheet classifications that would be necessary were the going concern adjustment appropriate. Such adjustments could be material.</div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> 14800000 The amount payable on January 12, 2017 of $14,800,000 represents the fair value of the Company’s derivative liability as at September 30, 2016 and will be revalued at each subsequent reporting period. See Note 6. Does not include required work expenditures, as it is assumed that the required expenditure level is significantly below the level of work that will actually be carried out by the Company. Does not include potential royalties that may be payable (other than annual minimum royalty payments). See Note 4. EX-101.SCH 8 thm-20160930.xsd XBRL TAXONOMY EXTENSION SCHEMA 101 - Document - Document And Entity Information link:presentationLink link:definitionLink link:calculationLink 102 - Statement - CONDENSED CONSOLIDATED BALANCE SHEETS link:presentationLink link:definitionLink link:calculationLink 103 - Statement - CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) link:presentationLink link:definitionLink link:calculationLink 104 - Statement - CONDENSED CONSOLIDATED INTERIM STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS link:presentationLink link:definitionLink link:calculationLink 105 - Statement - CONDENSED CONSOLIDATED INTERIM STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY link:presentationLink link:definitionLink link:calculationLink 106 - Statement - CONDENSED CONSOLIDATED INTERIM STATEMENTS OF CASH FLOWS link:presentationLink link:definitionLink link:calculationLink 107 - Disclosure - GENERAL INFORMATION, NATURE OF OPERATIONS AND GOING CONCERN link:presentationLink link:definitionLink link:calculationLink 108 - Disclosure - BASIS OF PRESENTATION link:presentationLink link:definitionLink link:calculationLink 109 - Disclosure - FAIR VALUE OF FINANCIAL INSTRUMENTS link:presentationLink link:definitionLink link:calculationLink 110 - Disclosure - CAPITALIZED ACQUISITION COSTS link:presentationLink link:definitionLink link:calculationLink 111 - Disclosure - ACCRUED LIABILITIES link:presentationLink link:definitionLink link:calculationLink 112 - Disclosure - DERIVATIVE LIABILITY link:presentationLink link:definitionLink link:calculationLink 113 - Disclosure - SHARE CAPITAL link:presentationLink link:definitionLink link:calculationLink 114 - Disclosure - SEGMENT AND GEOGRAPHIC INFORMATION link:presentationLink link:definitionLink link:calculationLink 115 - Disclosure - COMMITMENTS link:presentationLink link:definitionLink link:calculationLink 116 - Disclosure - RELATED PARTY TRANSACTIONS link:presentationLink link:definitionLink link:calculationLink 117 - Disclosure - FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables) link:presentationLink link:definitionLink link:calculationLink 118 - Disclosure - CAPITALIZED ACQUISITION COSTS (Tables) link:presentationLink link:definitionLink link:calculationLink 119 - Disclosure - ACCRUED LIABILITIES (Tables) link:presentationLink link:definitionLink link:calculationLink 120 - Disclosure - DERIVATIVE LIABILITY (Tables) link:presentationLink link:definitionLink link:calculationLink 121 - Disclosure - SHARE CAPITAL (Tables) link:presentationLink link:definitionLink link:calculationLink 122 - Disclosure - SEGMENT AND GEOGRAPHIC INFORMATION (Tables) link:presentationLink link:definitionLink link:calculationLink 123 - Disclosure - COMMITMENTS (Tables) link:presentationLink link:definitionLink link:calculationLink 124 - Disclosure - GENERAL INFORMATION, NATURE OF OPERATIONS AND GOING CONCERN (Details Textual) link:presentationLink link:definitionLink link:calculationLink 125 - Disclosure - FAIR VALUE OF FINANCIAL INSTRUMENTS (Details) link:presentationLink link:definitionLink link:calculationLink 126 - Disclosure - CAPITALIZED ACQUISITION COSTS (Details) link:presentationLink link:definitionLink link:calculationLink 127 - Disclosure - CAPITALIZED ACQUISITION COSTS (Details 1) link:presentationLink link:definitionLink link:calculationLink 128 - Disclosure - CAPITALIZED ACQUISITION COSTS (Details Textual) link:presentationLink link:definitionLink link:calculationLink 129 - Disclosure - ACCRUED LIABILITIES (Details) link:presentationLink link:definitionLink link:calculationLink 130 - Disclosure - ACCRUED LIABILITIES (Details Textual) link:presentationLink link:definitionLink link:calculationLink 131 - Disclosure - DERIVATIVE LIABILITY (Details) link:presentationLink link:definitionLink link:calculationLink 132 - Disclosure - DERIVATIVE LIABILITY (Details Textual) link:presentationLink link:definitionLink link:calculationLink 133 - Disclosure - SHARE CAPITAL (Details) link:presentationLink link:definitionLink link:calculationLink 134 - Disclosure - SHARE CAPITAL (Details 1) link:presentationLink link:definitionLink link:calculationLink 135 - Disclosure - SHARE CAPITAL (Details 2) link:presentationLink link:definitionLink link:calculationLink 136 - Disclosure - SHARE CAPITAL (Details 3) link:presentationLink link:definitionLink link:calculationLink 137 - Disclosure - SHARE CAPITAL (Details Textual) link:presentationLink link:definitionLink link:calculationLink 138 - Disclosure - SEGMENT AND GEOGRAPHIC INFORMATION (Details) link:presentationLink link:definitionLink link:calculationLink 139 - Disclosure - COMMITMENTS (Details) link:presentationLink link:definitionLink link:calculationLink 140 - Disclosure - COMMITMENTS (Details Textual) link:presentationLink link:definitionLink link:calculationLink 141 - Disclosure - RELATED PARTY TRANSACTIONS (Details Textual) link:presentationLink link:definitionLink link:calculationLink EX-101.CAL 9 thm-20160930_cal.xml XBRL TAXONOMY EXTENSION CALCULATION LINKBASE EX-101.DEF 10 thm-20160930_def.xml XBRL TAXONOMY EXTENSION DEFINITION LINKBASE EX-101.LAB 11 thm-20160930_lab.xml XBRL TAXONOMY EXTENSION LABEL LINKBASE EX-101.PRE 12 thm-20160930_pre.xml XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE XML 13 R1.htm IDEA: XBRL DOCUMENT v3.5.0.2
Document And Entity Information - shares
9 Months Ended
Sep. 30, 2016
Nov. 04, 2016
Document Information [Line Items]    
Document Type 10-Q  
Amendment Flag false  
Document Period End Date Sep. 30, 2016  
Document Fiscal Year Focus 2016  
Document Fiscal Period Focus Q3  
Entity Registrant Name INTERNATIONAL TOWER HILL MINES LTD  
Entity Central Index Key 0001134115  
Current Fiscal Year End Date --12-31  
Entity Filer Category Smaller Reporting Company  
Trading Symbol THM  
Entity Common Stock, Shares Outstanding   116,353,638
XML 14 R2.htm IDEA: XBRL DOCUMENT v3.5.0.2
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Sep. 30, 2016
Dec. 31, 2015
Current    
Cash and cash equivalents $ 1,759,123 $ 6,493,486
Prepaid expenses and other 218,408 192,226
Total current assets 1,977,531 6,685,712
Property and equipment 26,120 30,083
Capitalized acquisition costs 55,204,041 55,204,041
Total assets 57,207,692 61,919,836
Current liabilities    
Accounts payable 186,860 122,043
Accrued liabilities 357,728 394,436
Derivative liability 14,800,000 0
Total current liabilities 15,344,588 516,479
Non-current liabilities    
Derivative liability 0 13,900,000
Total liabilities 15,344,588 14,416,479
Shareholders' equity    
Share capital, no par value; authorized 500,000,000 shares; 116,313,638 shares issued and outstanding at December 31, 2015 and 116,353,638 shares issued and outstanding at September 30, 2016 243,716,531 243,692,185
Contributed surplus 34,063,362 33,979,717
Accumulated other comprehensive income 1,149,086 816,435
Deficit (237,065,875) (230,984,980)
Total shareholders' equity 41,863,104 47,503,357
Total liabilities and shareholders' equity $ 57,207,692 $ 61,919,836
XML 15 R3.htm IDEA: XBRL DOCUMENT v3.5.0.2
CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares
Sep. 30, 2016
Dec. 31, 2015
Common Stock, No Par Value $ 0 $ 0
Common Stock, Shares Authorized 500,000,000 500,000,000
Common Stock, Shares, Issued 116,353,638 116,313,638
Common Stock, Shares, Outstanding 116,353,638 116,313,638
XML 16 R4.htm IDEA: XBRL DOCUMENT v3.5.0.2
CONDENSED CONSOLIDATED INTERIM STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Operating expenses        
Consulting fees $ 63,973 $ 82,091 $ 200,660 $ 340,463
Depreciation 1,323 1,754 3,963 5,293
Insurance 69,326 68,137 200,532 206,222
Investor relations 27,119 19,209 76,506 112,289
Mineral property exploration 528,117 727,477 2,504,284 1,957,019
Office 9,546 6,144 30,005 24,255
Other 4,487 4,675 14,508 15,427
Professional fees 63,057 63,572 155,007 189,185
Regulatory 50,307 40,444 108,281 139,812
Rent 35,374 36,733 106,109 121,719
Travel 42,702 41,064 81,350 80,706
Wages and benefits 537,872 657,914 1,630,035 1,962,707
Total operating expenses (1,433,203) (1,749,214) (5,111,240) (5,155,097)
Other income (expenses)        
Gain/(loss) on foreign exchange (3,020) 334,228 (124,784) 905,123
Interest income 3,534 7,497 15,689 38,122
Unrealized gain/(loss) on derivative (100,000) 400,000 (900,000) 500,000
Other income 8,100 0 39,440 19,000
Total other income (expenses) (91,386) 741,725 (969,655) 1,462,245
Net loss for the period (1,524,589) (1,007,489) (6,080,895) (3,692,852)
Other comprehensive income (loss)        
Unrealized gain/(loss) on marketable securities (13,210) 5,272 (2,459) (8,895)
Exchange difference on translating foreign operations 38,852 (583,280) 335,110 (1,414,013)
Total other comprehensive income (loss) for the period 25,642 (578,008) 332,651 (1,422,908)
Comprehensive loss for the period $ (1,498,947) $ (1,585,497) $ (5,748,244) $ (5,115,760)
Basic and fully diluted loss per share $ (0.01) $ (0.01) $ (0.05) $ (0.03)
Weighted average number of shares outstanding 116,348,855 116,313,638 116,325,463 116,313,638
XML 17 R5.htm IDEA: XBRL DOCUMENT v3.5.0.2
CONDENSED CONSOLIDATED INTERIM STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY - USD ($)
Total
Common Stock [Member]
Additional Paid-in Capital [Member]
Accumulated Other Comprehensive Income (Loss) [Member]
Retained Earnings [Member]
Balance at Dec. 31, 2014 $ 53,155,530 $ 243,692,185 $ 33,439,249 $ 2,196,252 $ (226,172,156)
Balance (in shares) at Dec. 31, 2014   116,313,638      
Stock based compensation 448,310 $ 0 448,310 0 0
Unrealized gain (loss) on available-for-sale securities (8,895) 0 0 (8,895) 0
Exchange difference on translating foreign operations (1,414,013) 0 0 (1,414,013) 0
Net loss (3,692,852) 0 0 0 (3,692,852)
Balance at Sep. 30, 2015 48,488,080 $ 243,692,185 33,887,559 773,344 (229,865,008)
Balance (in shares) at Sep. 30, 2015   116,313,638      
Balance at Dec. 31, 2014 $ 53,155,530 $ 243,692,185 33,439,249 2,196,252 (226,172,156)
Balance (in shares) at Dec. 31, 2014   116,313,638      
Exercise of options (in shares) 0        
Balance at Dec. 31, 2015 $ 47,503,357 $ 243,692,185 33,979,717 816,435 (230,984,980)
Balance (in shares) at Dec. 31, 2015   116,313,638      
Balance at Sep. 30, 2015 48,488,080 $ 243,692,185 33,887,559 773,344 (229,865,008)
Balance (in shares) at Sep. 30, 2015   116,313,638      
Stock based compensation 92,158 $ 0 92,158 0 0
Unrealized gain (loss) on available-for-sale securities 3,057 0 0 3,057 0
Impairment of available-for-sale securities 219,402 0 0 219,402 0
Exchange difference on translating foreign operations (179,368) 0 0 (179,368) 0
Net loss (1,119,972) 0 0 0 (1,119,972)
Balance at Dec. 31, 2015 47,503,357 $ 243,692,185 33,979,717 816,435 (230,984,980)
Balance (in shares) at Dec. 31, 2015   116,313,638      
Stock based compensation 92,587 $ 0 92,587 0 0
Unrealized gain (loss) on available-for-sale securities (2,459) 0 0 (2,459) 0
Exchange difference on translating foreign operations 335,110 0 0 335,110 0
Exercise of options $ 15,404 $ 15,404 0 0 0
Exercise of options (in shares) 40,000 40,000      
Reallocation from contributed surplus $ 0 $ 8,942 (8,942) 0 0
Net loss (6,080,895) 0 0 0 (6,080,895)
Balance at Sep. 30, 2016 $ 41,863,104 $ 243,716,531 $ 34,063,362 $ 1,149,086 $ (237,065,875)
Balance (in shares) at Sep. 30, 2016   116,353,638      
XML 18 R6.htm IDEA: XBRL DOCUMENT v3.5.0.2
CONDENSED CONSOLIDATED INTERIM STATEMENTS OF CASH FLOWS - USD ($)
9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Operating Activities    
Loss for the period $ (6,080,895) $ (3,692,852)
Add items not affecting cash:    
Depreciation 3,963 5,293
Stock-based compensation 92,587 448,310
Unrealized (gain) loss on derivative liability 900,000 (500,000)
Changes in non-cash items:    
Accounts receivable 29,992 84,838
Prepaid expenses and other (11,041) (10,994)
Accounts payable and accrued liabilities 24,284 (461,699)
Cash used in operating activities (5,041,110) (4,127,104)
Financing Activities    
Issuance of share capital 15,404 0
Cash provided by financing activities 15,404 0
Investing Activities    
Effect of foreign exchange on cash 291,343 (1,485,764)
Decrease in cash and cash equivalents (4,734,363) (5,612,868)
Cash and cash equivalents, beginning of the period 6,493,486 13,521,473
Cash and cash equivalents, end of the period $ 1,759,123 $ 7,908,605
XML 19 R7.htm IDEA: XBRL DOCUMENT v3.5.0.2
GENERAL INFORMATION, NATURE OF OPERATIONS AND GOING CONCERN
9 Months Ended
Sep. 30, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Nature of Operations [Text Block]
1.
GENERAL INFORMATION, NATURE OF OPERATIONS AND GOING CONCERN
 
International Tower Hill Mines Ltd. (“ITH” or the "Company") is incorporated under the laws of British Columbia, Canada. The Company’s head office address is 2300-1177 West Hastings Street, Vancouver, British Columbia, Canada.
 
International Tower Hill Mines Ltd. consists of ITH and its wholly owned subsidiaries Tower Hill Mines, Inc. (“TH Alaska”) (an Alaska corporation), Tower Hill Mines (US) LLC (“TH US”) (a Colorado limited liability company), Livengood Placers, Inc. (“LPI”) (a Nevada corporation), and 813034 Alberta Ltd. (an Alberta corporation). The Company is in the business of acquiring, exploring and evaluating mineral properties, and either joint venturing or developing these properties further or disposing of them when the evaluation is completed. At September 30, 2016, the Company was in the exploration stage and controls a 100% interest in its Livengood Gold Project in Alaska, U.S.A.
 
These unaudited condensed consolidated interim financial statements have been prepared on a going-concern basis, which presumes the realization of assets and discharge of liabilities in the normal course of business for the foreseeable future.
 
As at September 30, 2016, the Company had cash and cash equivalents of $1,759,123 compared to $6,493,486 at December 31, 2015. The Company has no revenue generating operations from which it can internally generate funds. As at September 30, 2016, the Company’s estimate of the amount of the Additional Payment due on January 12, 2017 (see Note 6) is $14,800,000, which significantly exceeds the Company’s available cash resources. The Company expects to seek to obtain significant additional financing on or before January 2017 in order to be able to make this payment, but there is no assurance that the Company will be able to obtain the additional financing required on acceptable terms, if at all.
 
Should the Company be unable to make the Additional Payment, the Company will have 30 days to remedy the event of default. Should the default not be remedied, the Company may be required to deliver the underlying claims, which are not part of the Project’s gold resource but are part of the 75 square mile Livengood land package, into a trust in order for them to be sold. Should the proceeds from sale not be sufficient to satisfy the outstanding amount of the Additional Payment, the beneficiaries will have recourse against the Company for any shortfall. The Company considers it likely that the proceeds from any such sale, should it prove necessary, would be sufficient to satisfy the amount of the Additional Payment.
 
The Company will also require significant additional financing to continue its operations in connection with advancing activities at the Livengood Gold Project and for the development of any mine that may be determined to be built at the Livengood Gold Project. In addition, any significant delays in the issuance of required permits for the ongoing work at the Livengood Gold Project, or unexpected results in connection with the ongoing work, could result in the Company being required to raise additional funds to advance permitting efforts. The Company’s review of its financing options includes pursuing a strategic alliance to assist in further development, permitting and future construction costs.
 
Despite the Company’s success to date in raising significant equity financing to fund its operations, there is significant uncertainty that the Company will be able to secure any additional financing in the current or future equity markets. Even if the Company is able to secure some additional equity financing, the Company may be unable to raise enough capital to both make the Additional Payment and continue its operations in connection with advancing all activities at the Livengood Gold Project into 2017 and beyond. As a result, there is substantial doubt about our ability to continue as a going concern. The amount of funds to be raised and the terms of any proposed equity financing that may be undertaken will be negotiated by management as opportunities to raise funds arise. Specific plans related to the use of proceeds will be devised once financing has been completed and management knows what funds will be available for these purposes. Due to this uncertainty, if the Company is unable to secure sufficient additional financing, it may be unable to make the Additional Payment when due, and the Company may be required to reduce all discretionary activities at the Project to preserve its working capital to fund anticipated non-discretionary expenditures beyond the 2016 fiscal year.
 
These financial statements do not reflect the adjustments to the carrying values of assets and liabilities and the reported expenses and balance sheet classifications that would be necessary were the going concern adjustment appropriate. Such adjustments could be material.
XML 20 R8.htm IDEA: XBRL DOCUMENT v3.5.0.2
BASIS OF PRESENTATION
9 Months Ended
Sep. 30, 2016
Accounting Policies [Abstract]  
Basis of Presentation and Significant Accounting Policies [Text Block]
2.
BASIS OF PRESENTATION
 
These unaudited condensed consolidated interim financial statements have been prepared in accordance with accounting principles generally accepted in the United States (“U.S. GAAP”) for interim financial information and with the instructions to Form 10-Q and Article 8 of Regulation S-X under the Securities Exchange Act of 1934, as amended. Accordingly, they do not include all of the information and footnotes required by U.S. GAAP for annual financial statements. These unaudited condensed consolidated interim financial statements should be read in conjunction with the audited consolidated financial statements for the year ended December 31, 2015 as filed in our Annual Report on Form 10-K. In the opinion of the Company’s management these financial statements reflect all adjustments, consisting of normal recurring adjustments, necessary to present fairly the Company’s financial position at September 30, 2016 and the results of its operations for the nine months then ended.  Operating results for the nine months ended September 30, 2016 are not necessarily indicative of the results that may be expected for the year ending December 31, 2016. The 2015 year-end balance sheet data was derived from audited financial statements but does not include all disclosures required by U.S. GAAP.
 
The preparation of financial statements in conformity with U.S. GAAP requires management to make judgments, estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the period. These judgments, estimates and assumptions are continuously evaluated and are based on management’s experience and knowledge of the relevant facts and circumstances. While management believes the estimates to be reasonable, actual results could differ from those estimates and could impact future results of operations and cash flows.
 
On November 14, 2016, the Board approved these condensed consolidated interim financial statements.
 
Basis of consolidation
 
These consolidated financial statements include the accounts of ITH and its wholly owned subsidiaries TH Alaska, TH US, LPI and 813034 Alberta Ltd. All intercompany transactions and balances have been eliminated.
XML 21 R9.htm IDEA: XBRL DOCUMENT v3.5.0.2
FAIR VALUE OF FINANCIAL INSTRUMENTS
9 Months Ended
Sep. 30, 2016
Fair Value Disclosures [Abstract]  
Fair Value Disclosures [Text Block]
3.
FAIR VALUE OF FINANCIAL INSTRUMENTS
 
The carrying values of cash and cash equivalents, accounts receivable and accounts payable and accrued liabilities approximate their fair values due to the short-term maturity of these financial instruments.
 
Financial instruments measured at fair value are classified into one of three levels in the fair value hierarchy according to the significance of the inputs used in making the measurement. The three levels of the fair value hierarchy are as follows:
 
·
Level 1 – Unadjusted quoted prices in active markets for identical assets or liabilities;
·
Level 2 – Inputs other than quoted prices that are observable for the asset or liability either directly or indirectly; and
·
Level 3 – Inputs that are not based on observable market data.
 
 
 
Fair value as at September 30, 2016
 
 
 
Level 1
 
Level 2
 
Financial assets:
 
 
 
 
 
 
 
Marketable securities
 
$
20,318
 
$
-
 
Total
 
$
20,318
 
$
-
 
Financial liabilities:
 
 
 
 
 
 
 
Derivative liability (Note 6)
 
$
-
 
$
14,800,000
 
Total
 
$
-
 
$
14,800,000
 
  
 
 
Fair value as at December 31, 2015
 
 
 
Level 1
 
Level 2
 
Financial assets:
 
 
 
 
 
 
 
Marketable securities
 
$
11,741
 
$
-
 
Total
 
$
11,741
 
$
-
 
Financial liabilities:
 
 
 
 
 
 
 
Derivative liability (Note 6)
 
$
-
 
$
13,900,000
 
Total
 
$
-
 
$
13,900,000
 
XML 22 R10.htm IDEA: XBRL DOCUMENT v3.5.0.2
CAPITALIZED ACQUISITION COSTS
9 Months Ended
Sep. 30, 2016
Mineral Industries Disclosures [Abstract]  
Mineral Industries Disclosures [Text Block]
4.
CAPITALIZED ACQUISITION COSTS
 
The Company had the following activity related to capitalized acquisition costs:
 
Capitalized acquisition costs
 
Amount
 
 
 
 
 
 
Balance, December 31, 2015
 
$
55,204,041
 
Acquisition costs
 
 
-
 
Balance, September 30, 2016
 
$
55,204,041
 
 
The following table presents costs incurred for exploration and evaluation activities for the nine months ended September 30, 2016 and 2015:
 
 
 
September 30,
2016
 
September 30,
2015
 
Exploration costs:
 
 
 
 
 
 
 
Aircraft services
 
$
6,511
 
$
4,185
 
Assay
 
 
-
 
 
9,984
 
Environmental
 
 
233,398
 
 
509,274
 
Equipment rental
 
 
33,375
 
 
33,862
 
Field costs
 
 
87,754
 
 
140,355
 
Geological/geophysical
 
 
1,613,994
 
 
717,073
 
Land maintenance & tenure
 
 
494,316
 
 
496,968
 
Legal
 
 
27,845
 
 
18,262
 
Transportation and travel
 
 
7,091
 
 
27,056
 
Total expenditures for the period
 
$
2,504,284
 
$
1,957,019
 
 
Livengood Gold Project Property
 
The Livengood property is located in the Tintina gold belt approximately 113 kilometers (70 miles) northwest of Fairbanks, Alaska. The property consists of land leased from the Alaska Mental Health Trust, a number of smaller private mineral leases, Alaska state mining claims purchased or located by the Company and patented ground held by the Company.
 
Details of the leases are as follows:
 
a)
 
a lease of the Alaska Mental Health Trust mineral rights having a term beginning July 1, 2004 and extending 19 years until June 30, 2023, subject to further extensions beyond June 30, 2023 by either commercial production or payment of an advance minimum royalty equal to 125% of the amount paid in year 19 and diligent pursuit of development. The lease requires minimum work expenditures and advance minimum royalties (all of which minimum royalties are recoverable from production royalties) which escalate annually with inflation. A net smelter return (“NSR”) production royalty of between 2.5% and 5.0% (depending upon the price of gold) is payable to the lessor with respect to the lands subject to this lease. In addition, an NSR production royalty of l% is payable to the lessor with respect to the unpatented federal mining claims subject to the lease described in b) below and an NSR production royalty of between 0.5% and 1.0% (depending upon the price of gold) is payable to the lessor with respect to the lands acquired by the Company as a result of the purchase of Livengood Placers, Inc. in December 2011. During the nine months ended September 30, 2016 and from the inception of this lease the Company has paid $326,776 and $2,302,666, respectively.
 
b)
 
a lease of federal unpatented lode mining claims having an initial term of ten years commencing on April 21, 2003 and continuing for so long thereafter as advance minimum royalties are paid and mining related activities, including exploration, continue on the property or on adjacent properties controlled by the Company. The lease requires an advance minimum royalty of $50,000 on or before each anniversary date (all of which minimum royalties are recoverable from production royalties). An NSR production royalty of between 2% and 3% (depending on the price of gold) is payable to the lessors. The Company may purchase 1% of the royalty for $1,000,000. During the nine months ended September 30, 2016 and from the inception of this lease the Company has paid $50,000 and $630,000, respectively.
 
c)
 
a lease of patented lode mining claims having an initial term of ten years commencing January 18, 2007, and continuing for so long thereafter as advance minimum royalties are paid. The lease requires an advance minimum royalty of $20,000 on or before each anniversary date through January 18, 2017 and $25,000 on or before each subsequent anniversary (all of which minimum royalties are recoverable from production royalties). An NSR production royalty of 3% is payable to the lessors. The Company may purchase all interests of the lessors in the leased property (including the production royalty) for $1,000,000 (less all minimum and production royalties paid to the date of purchase), of which $500,000 is payable in cash over four years following the closing of the purchase and the balance of $500,000 is payable by way of the 3% NSR production royalty. During the nine months ended September 30, 2016 and from the inception of this lease the Company has paid $20,000 and $165,000, respectively.
 
d)
 
a lease of unpatented federal lode mining and federal unpatented placer claims having an initial term of ten years commencing on March 28, 2007, and continuing for so long thereafter as advance minimum royalties are paid and mining related activities, including exploration, continue on the property or on adjacent properties controlled by the Company. The lease requires an advance minimum royalty of $15,000 on or before each anniversary date (all of which minimum royalties are recoverable from production royalties). The Company is required to pay the lessor the sum of $250,000 upon making a positive production decision, payable $125,000 within 120 days of the decision and $125,000 within a year of the decision (all of which are recoverable from production royalties). An NSR production royalty of 2% is payable to the lessor. The Company may purchase all of the interest of the lessor in the leased property (including the production royalty) for $1,000,000. During the nine months ended September 30, 2016 and from the inception of this lease the Company has paid $15,000 and $113,000, respectively.
 
Title to mineral properties
 
The acquisition of title to mineral properties is a detailed and time-consuming process. The Company has taken steps to verify title to mineral properties in which it has an interest. Although the Company has taken every reasonable precaution to ensure that legal title to its properties is properly recorded in the name of the Company, there can be no assurance that such title will ultimately be secured.
XML 23 R11.htm IDEA: XBRL DOCUMENT v3.5.0.2
ACCRUED LIABILITIES
9 Months Ended
Sep. 30, 2016
Payables and Accruals [Abstract]  
Accounts Payable and Accrued Liabilities Disclosure [Text Block]
5.
ACCRUED LIABILITIES
 
The following table presents the accrued liabilities balances at September 30, 2016 and December 31, 2015.
 
 
 
September 30,
2016
 
December 31,
2015
 
 
 
 
 
 
 
 
 
Accrued liabilities
 
$
288,451
 
$
247,034
 
Accrued severance
 
 
-
 
 
19,900
 
Accrued salaries and benefits
 
 
69,277
 
 
127,502
 
Total accrued liabilities
 
$
357,728
 
$
394,436
 
 
Accrued liabilities at September 30, 2016 include accruals for general corporate costs and project costs of $33,420 and $255,031, respectively. Accrued liabilities at December 31, 2015 include accruals for general corporate costs and project costs of $27,535 and $219,499, respectively.
XML 24 R12.htm IDEA: XBRL DOCUMENT v3.5.0.2
DERIVATIVE LIABILITY
9 Months Ended
Sep. 30, 2016
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Derivatives and Fair Value [Text Block]
6.
DERIVATIVE LIABILITY
 
During 2011, the Company acquired certain mining claims and related rights in the vicinity of the Livengood Gold Project located near Fairbanks, Alaska. The aggregate consideration for the claims and rights was $13,500,000 in cash plus an additional payment based on the five-year average daily gold price (“Average Gold Price”) from the date of the acquisition (“Additional Payment”). The Additional Payment will equal $23,148 for every dollar that the Average Gold Price exceeds $720 per troy ounce. If the Average Gold Price is less than $720, there will be no additional consideration due.
 
At initial recognition on December 13, 2011 the derivative liability was valued at $23,100,000. The key assumption used in the valuation of the derivative is the estimate of the future Average Gold Price. The estimate of the future Average Gold Price was determined using a forward curve on future gold prices as published by the CME Group. Using this forward curve, the Company estimated an Average Gold Price based on actual gold prices to September 30, 2016 and projected gold prices from September 30, 2016 to the end of the five year period on December 13, 2016 of $1,360 per ounce of gold.
 
The fair value of the derivative liability and the estimated Average Gold Price are as follows:
 
 
 
Total
 
Average Gold 
Price ($/oz.)
 
Derivative value at December 31, 2015
 
$
13,900,000
 
$
1,320
 
Unrealized loss for the period
 
 
900,000
 
 
 
 
Derivative value at September 30, 2016
 
$
14,800,000
 
$
1,360
 
XML 25 R13.htm IDEA: XBRL DOCUMENT v3.5.0.2
SHARE CAPITAL
9 Months Ended
Sep. 30, 2016
Stockholders' Equity Note [Abstract]  
Stockholders' Equity Note Disclosure [Text Block]
7.
SHARE CAPITAL
 
Authorized
 
500,000,000 common shares without par value. At December 31, 2015 there were 116,313,638 shares issued and outstanding. At September 30, 2016 there were 116,353,638 shares issued and outstanding.
 
Share issuances
 
Issued 40,000 common shares pursuant to the exercise of stock options for total proceeds of $15,404 and transferred related contributed surplus of $8,942 during the nine months ended September 30, 2016.
 
Stock options
 
The Company adopted an incentive stock option plan in 2006, as amended September 19, 2012 and reapproved on May 28, 2015 at the Company’s Annual General Meeting (the “2006 Plan”). The essential elements of the 2006 Plan provide that the aggregate number of common shares of the Company’s capital stock that may be made issuable pursuant to options granted under the 2006 Plan may not exceed 10% of the number of issued shares of the Company at the time of the granting of the options. Options granted under the 2006 Plan will have a maximum term of ten years. The exercise price of options granted under the 2006 Plan shall be fixed in compliance with the applicable provisions of the TSX Company Manual in force at the time of grant and, in any event, shall not be less than the closing price of the Company’s common shares on the TSX on the trading day immediately preceding the day on which the option is granted, or such other price as may be agreed to by the Company and accepted by the Toronto Stock Exchange. Options granted under the 2006 Plan vest immediately, unless otherwise determined by the directors at the date of grant.
 
During the nine month period ended September 30, 2016, there were no incentive stock options granted by the Company.
 
A summary of the status of the stock option plan as of September 30, 2016 and December 31, 2015 and changes is presented below:
 
 
 
Nine Months Ended
 
Year Ended
 
 
 
September 30, 2016
 
December 31, 2015
 
 
 
Number of 
Options
 
Weighted
Average
Exercise
Price (C$)
 
Number of
Options
 
Weighted
Average
Exercise
Price (C$)
 
Balance, beginning of the period
 
 
6,066,200
 
$
1.60
 
 
5,854,000
 
$
2.68
 
Granted
 
 
-
 
$
-
 
 
2,135,200
 
$
0.80
 
Exercised
 
 
(40,000)
 
$
(0.50)
 
 
-
 
 
-
 
Cancelled
 
 
-
 
$
-
 
 
(1,923,000)
 
$
(4.01)
 
Balance, end of the period
 
 
6,026,200
 
$
1.61
 
 
6,066,200
 
$
1.60
 
 
The weighted average remaining life of options outstanding at September 30, 2016 was 4.29 years.
 
Stock options outstanding are as follows:
 
 
 
September 30, 2016
 
December 31, 2015
 
Expiry Date
 
Exercise
Price (C$)
 
Number of
Options
 
Exercisable
 
Exercise
Price (C$)
 
Number of
Options
 
Exercisable
 
August 24, 2017
 
$
3.17
 
 
1,675,000
 
 
1,675,000
 
$
3.17
 
 
1,675,000
 
 
1,675,000
 
March 14, 2018
 
$
2.18
 
 
319,000
 
 
319,000
 
$
2.18
 
 
319,000
 
 
319,000
 
February 25, 2022
 
$
1.11
 
 
1,030,000
 
 
1,030,000
 
$
1.11
 
 
1,030,000
 
 
686,666
 
February 25, 2022
 
$
0.73
 
 
594,000
 
 
594,000
 
$
0.73
 
 
594,000
 
 
396,000
 
March 10, 2022
 
$
1.11
 
 
430,000
 
 
430,000
 
$
1.11
 
 
430,000
 
 
286,666
 
March 16, 2023
 
$
1.00
 
 
1,260,000
 
 
839,999
 
$
1.00
 
 
1,260,000
 
 
419,999
 
March 16, 2023
 
$
0.50
 
 
688,200
 
 
445,466
 
$
0.50
 
 
728,200
 
 
242,733
 
June 9, 2023
 
$
1.00
 
 
30,000
 
 
20,000
 
$
1.00
 
 
30,000
 
 
10,000
 
 
 
 
 
 
 
6,026,200
 
 
5,353,465
 
 
 
 
 
6,066,200
 
 
4,036,064
 
    
A summary of the non-vested options as of September 30, 2016 and changes during the nine months ended September 30, 2016 is as follows:
 
Non-vested options:
 
Number of
options
 
Weighted
average grant-
date fair value
(C$)
 
Outstanding at December 31, 2015
 
 
2,030,136
 
$
0.34
 
Vested
 
 
(1,357,401)
 
$
0.38
 
Outstanding at September 30, 2016
 
 
672,735
 
$
0.25
 
 
At September 30, 2016 there was unrecognized compensation expense of C$38,644 related to non-vested options outstanding. The cost is expected to be recognized over a weighted-average remaining period of approximately 0.46 years.
 
Share-based payments
 
During the nine month period ended September 30, 2016, there were no incentive stock options granted by the Company. Share-based payment charges for the nine months ended September 30, 2016 totaled $92,587.
 
During the nine month period ended September 30, 2015, the Company granted 2,135,200 stock options with a fair value of $435,213, calculated using the Black-Scholes option pricing model. Share-based payment charges for the nine months ended September 30, 2015 totaled $448,310.
 
The following weighted average assumptions were used for the Black-Scholes option pricing model calculations:
 
 
 
YTD December 31,
2015
 
Expected life of options
 
 
6 years
 
Risk-free interest rate
 
 
0.97
%
Annualized volatility
 
 
80.60
%
Dividend rate
 
 
0.00
%
Exercise price (C$)
 
$
0.80
 
 
The expected volatility used in the Black-Scholes option pricing model is based on the historical volatility of the Company’s shares.
XML 26 R14.htm IDEA: XBRL DOCUMENT v3.5.0.2
SEGMENT AND GEOGRAPHIC INFORMATION
9 Months Ended
Sep. 30, 2016
Segment Reporting [Abstract]  
Segment Reporting Disclosure [Text Block]
8.
SEGMENT AND GEOGRAPHIC INFORMATION
 
The Company operates in a single reportable segment, being the exploration and development of mineral properties. The following tables present selected financial information by geographic location:
 
 
 
Canada
 
United States
 
Total
 
September 30, 2016
 
 
 
 
 
 
 
 
 
 
Capitalized acquisition costs
 
$
-
 
$
55,204,041
 
$
55,204,041
 
Property and equipment
 
 
9,098
 
 
17,022
 
 
26,120
 
Current assets
 
 
1,445,449
 
 
532,082
 
 
1,977,531
 
Total assets
 
$
1,454,547
 
$
55,753,145
 
$
57,207,692
 
December 31, 2015
 
 
 
 
 
 
 
 
 
 
Capitalized acquisition costs
 
$
-
 
$
55,204,041
 
$
55,204,041
 
Property and equipment
 
 
9,563
 
 
20,520
 
 
30,083
 
Current assets
 
 
6,106,135
 
 
579,577
 
 
6,685,712
 
Total assets
 
$
6,115,698
 
$
55,804,138
 
$
61,919,836
 
 
Three months ended
 
September 30, 2016
 
September 30, 2015
 
Net gain/(loss) for the period – Canada
 
$
(276,954)
 
$
8,703
 
Net loss for the period - United States
 
 
(1,247,635)
 
 
(1,016,192)
 
Net loss for the period
 
$
(1,524,589)
 
$
(1,007,489)
 
 
Nine months ended
 
September 30, 2016
 
September 30, 2015
 
Net loss for the period – Canada
 
$
(915,561)
 
$
(303,255)
 
Net loss for the period - United States
 
 
(5,165,334)
 
 
(3,389,597)
 
Net loss for the period
 
$
(6,080,895)
 
$
(3,692,852)
 
XML 27 R15.htm IDEA: XBRL DOCUMENT v3.5.0.2
COMMITMENTS
9 Months Ended
Sep. 30, 2016
Commitments and Contingencies Disclosure [Abstract]  
Commitments Disclosure [Text Block]
9.
COMMITMENTS
 
The following table discloses, as of September 30, 2016, the Company’s contractual obligations including anticipated mineral property payments and work commitments. Under the terms of the Company’s mineral property purchase agreements, mineral leases and the terms of the unpatented mineral claims held by it, the Company is required to make certain scheduled acquisition payments, incur certain levels of expenditures, make lease or advance royalty payments, make payments to government authorities and incur assessment work expenditures as summarized in the table below in order to maintain and preserve the Company’s interests in the related mineral properties. If the Company is unable or unwilling to make any such payments or incur any such expenditure, it is likely that the Company would lose or forfeit its rights to acquire or hold the related mineral properties. The following table assumes that the Company retains the rights to all of its current mineral properties, but does not exercise any lease purchase or royalty buyout options:
 
 
 
Payments Due in Calendar Year
 
 
 
2016
 
2017
 
2018
 
2019
 
2020
 
2021 and 
beyond
 
Total
 
Livengood Property Purchase(1)
 
$
-
 
$
14,800,000
 
$
-
 
$
-
 
$
-
 
$
-
 
$
14,800,000
 
Mineral Property Leases(2)
 
 
-
 
 
421,850
 
 
426,903
 
 
432,032
 
 
442,237
 
 
447,521
 
 
2,170,543
 
Mining Claim Government Fees
 
 
-
 
 
114,925
 
 
114,925
 
 
114,925
 
 
114,925
 
 
114,925
 
 
574,625
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total
 
$
-
 
$
15,336,775
 
$
541,828
 
$
546,957
 
$
557,162
 
$
562,446
 
$
17,545,168
 
 
1.
The amount payable on January 12, 2017 of $14,800,000 represents the fair value of the Company’s derivative liability as at September 30, 2016 and will be revalued at each subsequent reporting period. See Note 6.
2.
Does not include required work expenditures, as it is assumed that the required expenditure level is significantly below the level of work that will actually be carried out by the Company. Does not include potential royalties that may be payable (other than annual minimum royalty payments). See Note 4.
XML 28 R16.htm IDEA: XBRL DOCUMENT v3.5.0.2
RELATED PARTY TRANSACTIONS
9 Months Ended
Sep. 30, 2016
Related Party Transactions [Abstract]  
Related Party Transactions Disclosure [Text Block]
10.
RELATED PARTY TRANSACTIONS
 
In December 2011, in accordance with a Stock and Asset Purchase Agreement (the “Agreement”) between the Company, Alaska/Nevada Gold Mines, Ltd. (“AN Gold Mines”) and the Heflinger Group, the Company acquired certain mining claims and related rights in the vicinity of the Livengood Gold Project located near Fairbanks, Alaska. The Company’s derivative liability, as described in Note 6 above, represents the remaining consideration for the purchase of these claims and related rights and is payable in January 2017. Under the Agreement, the payment is due 70% to AN Gold Mines and 30% to the Heflinger Group.
 
Mr. Hanneman was appointed Chief Operating Officer of the Company on March 26, 2015. Mr. Hanneman is a partner of the general partner, as well as a limited partner, of AN Gold Mines and holds an 11.9% net interest in AN Gold Mines.
XML 29 R17.htm IDEA: XBRL DOCUMENT v3.5.0.2
FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables)
9 Months Ended
Sep. 30, 2016
Fair Value Disclosures [Abstract]  
Fair Value Measurements, Recurring and Nonrecurring [Table Text Block]
 
 
 
Fair value as at September 30, 2016
 
 
 
Level 1
 
Level 2
 
Financial assets:
 
 
 
 
 
 
 
Marketable securities
 
$
20,318
 
$
-
 
Total
 
$
20,318
 
$
-
 
Financial liabilities:
 
 
 
 
 
 
 
Derivative liability (Note 6)
 
$
-
 
$
14,800,000
 
Total
 
$
-
 
$
14,800,000
 
  
 
 
Fair value as at December 31, 2015
 
 
 
Level 1
 
Level 2
 
Financial assets:
 
 
 
 
 
 
 
Marketable securities
 
$
11,741
 
$
-
 
Total
 
$
11,741
 
$
-
 
Financial liabilities:
 
 
 
 
 
 
 
Derivative liability (Note 6)
 
$
-
 
$
13,900,000
 
Total
 
$
-
 
$
13,900,000
 
XML 30 R18.htm IDEA: XBRL DOCUMENT v3.5.0.2
CAPITALIZED ACQUISITION COSTS (Tables)
9 Months Ended
Sep. 30, 2016
Mineral Industries Disclosures [Abstract]  
Capitalized Acquisition Costs Mineral Properties [Table Text Block]
The Company had the following activity related to capitalized acquisition costs:
 
Capitalized acquisition costs
 
Amount
 
 
 
 
 
 
Balance, December 31, 2015
 
$
55,204,041
 
Acquisition costs
 
 
-
 
Balance, September 30, 2016
 
$
55,204,041
 
Cost Incurred in Oil and Gas Property Acquisition, Exploration, and Development Activities Disclosure [Table Text Block]
The following table presents costs incurred for exploration and evaluation activities for the nine months ended September 30, 2016 and 2015:
 
 
 
September 30,
2016
 
September 30,
2015
 
Exploration costs:
 
 
 
 
 
 
 
Aircraft services
 
$
6,511
 
$
4,185
 
Assay
 
 
-
 
 
9,984
 
Environmental
 
 
233,398
 
 
509,274
 
Equipment rental
 
 
33,375
 
 
33,862
 
Field costs
 
 
87,754
 
 
140,355
 
Geological/geophysical
 
 
1,613,994
 
 
717,073
 
Land maintenance & tenure
 
 
494,316
 
 
496,968
 
Legal
 
 
27,845
 
 
18,262
 
Transportation and travel
 
 
7,091
 
 
27,056
 
Total expenditures for the period
 
$
2,504,284
 
$
1,957,019
 
XML 31 R19.htm IDEA: XBRL DOCUMENT v3.5.0.2
ACCRUED LIABILITIES (Tables)
9 Months Ended
Sep. 30, 2016
Payables and Accruals [Abstract]  
Schedule of Accrued Liabilities [Table Text Block]
The following table presents the accrued liabilities balances at September 30, 2016 and December 31, 2015.
 
 
 
September 30,
2016
 
December 31,
2015
 
 
 
 
 
 
 
 
 
Accrued liabilities
 
$
288,451
 
$
247,034
 
Accrued severance
 
 
-
 
 
19,900
 
Accrued salaries and benefits
 
 
69,277
 
 
127,502
 
Total accrued liabilities
 
$
357,728
 
$
394,436
 
XML 32 R20.htm IDEA: XBRL DOCUMENT v3.5.0.2
DERIVATIVE LIABILITY (Tables)
9 Months Ended
Sep. 30, 2016
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Derivative Liabilities at Fair Value [Table Text Block]
The fair value of the derivative liability and the estimated Average Gold Price are as follows:
 
 
 
Total
 
Average Gold 
Price ($/oz.)
 
Derivative value at December 31, 2015
 
$
13,900,000
 
$
1,320
 
Unrealized loss for the period
 
 
900,000
 
 
 
 
Derivative value at September 30, 2016
 
$
14,800,000
 
$
1,360
 
XML 33 R21.htm IDEA: XBRL DOCUMENT v3.5.0.2
SHARE CAPITAL (Tables)
9 Months Ended
Sep. 30, 2016
Stockholders' Equity Note [Abstract]  
Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]
A summary of the status of the stock option plan as of September 30, 2016 and December 31, 2015 and changes is presented below:
 
 
 
Nine Months Ended
 
Year Ended
 
 
 
September 30, 2016
 
December 31, 2015
 
 
 
Number of 
Options
 
Weighted
Average
Exercise
Price (C$)
 
Number of
Options
 
Weighted
Average
Exercise
Price (C$)
 
Balance, beginning of the period
 
 
6,066,200
 
$
1.60
 
 
5,854,000
 
$
2.68
 
Granted
 
 
-
 
$
-
 
 
2,135,200
 
$
0.80
 
Exercised
 
 
(40,000)
 
$
(0.50)
 
 
-
 
 
-
 
Cancelled
 
 
-
 
$
-
 
 
(1,923,000)
 
$
(4.01)
 
Balance, end of the period
 
 
6,026,200
 
$
1.61
 
 
6,066,200
 
$
1.60
 
Schedule of Share-based Compensation, Shares Authorized under Stock Option Plans, by Exercise Price Range [Table Text Block]
Stock options outstanding are as follows:
 
 
 
September 30, 2016
 
December 31, 2015
 
Expiry Date
 
Exercise
Price (C$)
 
Number of
Options
 
Exercisable
 
Exercise
Price (C$)
 
Number of
Options
 
Exercisable
 
August 24, 2017
 
$
3.17
 
 
1,675,000
 
 
1,675,000
 
$
3.17
 
 
1,675,000
 
 
1,675,000
 
March 14, 2018
 
$
2.18
 
 
319,000
 
 
319,000
 
$
2.18
 
 
319,000
 
 
319,000
 
February 25, 2022
 
$
1.11
 
 
1,030,000
 
 
1,030,000
 
$
1.11
 
 
1,030,000
 
 
686,666
 
February 25, 2022
 
$
0.73
 
 
594,000
 
 
594,000
 
$
0.73
 
 
594,000
 
 
396,000
 
March 10, 2022
 
$
1.11
 
 
430,000
 
 
430,000
 
$
1.11
 
 
430,000
 
 
286,666
 
March 16, 2023
 
$
1.00
 
 
1,260,000
 
 
839,999
 
$
1.00
 
 
1,260,000
 
 
419,999
 
March 16, 2023
 
$
0.50
 
 
688,200
 
 
445,466
 
$
0.50
 
 
728,200
 
 
242,733
 
June 9, 2023
 
$
1.00
 
 
30,000
 
 
20,000
 
$
1.00
 
 
30,000
 
 
10,000
 
 
 
 
 
 
 
6,026,200
 
 
5,353,465
 
 
 
 
 
6,066,200
 
 
4,036,064
 
Schedule of Nonvested Share Activity [Table Text Block]
A summary of the non-vested options as of September 30, 2016 and changes during the nine months ended September 30, 2016 is as follows:
 
Non-vested options:
 
Number of
options
 
Weighted
average grant-
date fair value
(C$)
 
Outstanding at December 31, 2015
 
 
2,030,136
 
$
0.34
 
Vested
 
 
(1,357,401)
 
$
0.38
 
Outstanding at September 30, 2016
 
 
672,735
 
$
0.25
 
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]
The following weighted average assumptions were used for the Black-Scholes option pricing model calculations:
 
 
 
YTD December 31,
2015
 
Expected life of options
 
 
6 years
 
Risk-free interest rate
 
 
0.97
%
Annualized volatility
 
 
80.60
%
Dividend rate
 
 
0.00
%
Exercise price (C$)
 
$
0.80
 
XML 34 R22.htm IDEA: XBRL DOCUMENT v3.5.0.2
SEGMENT AND GEOGRAPHIC INFORMATION (Tables)
9 Months Ended
Sep. 30, 2016
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information, by Segment [Table Text Block]
The Company operates in a single reportable segment, being the exploration and development of mineral properties. The following tables present selected financial information by geographic location:
 
 
 
Canada
 
United States
 
Total
 
September 30, 2016
 
 
 
 
 
 
 
 
 
 
Capitalized acquisition costs
 
$
-
 
$
55,204,041
 
$
55,204,041
 
Property and equipment
 
 
9,098
 
 
17,022
 
 
26,120
 
Current assets
 
 
1,445,449
 
 
532,082
 
 
1,977,531
 
Total assets
 
$
1,454,547
 
$
55,753,145
 
$
57,207,692
 
December 31, 2015
 
 
 
 
 
 
 
 
 
 
Capitalized acquisition costs
 
$
-
 
$
55,204,041
 
$
55,204,041
 
Property and equipment
 
 
9,563
 
 
20,520
 
 
30,083
 
Current assets
 
 
6,106,135
 
 
579,577
 
 
6,685,712
 
Total assets
 
$
6,115,698
 
$
55,804,138
 
$
61,919,836
 
 
Three months ended
 
September 30, 2016
 
September 30, 2015
 
Net gain/(loss) for the period – Canada
 
$
(276,954)
 
$
8,703
 
Net loss for the period - United States
 
 
(1,247,635)
 
 
(1,016,192)
 
Net loss for the period
 
$
(1,524,589)
 
$
(1,007,489)
 
 
Nine months ended
 
September 30, 2016
 
September 30, 2015
 
Net loss for the period – Canada
 
$
(915,561)
 
$
(303,255)
 
Net loss for the period - United States
 
 
(5,165,334)
 
 
(3,389,597)
 
Net loss for the period
 
$
(6,080,895)
 
$
(3,692,852)
 
XML 35 R23.htm IDEA: XBRL DOCUMENT v3.5.0.2
COMMITMENTS (Tables)
9 Months Ended
Sep. 30, 2016
Commitments and Contingencies Disclosure [Abstract]  
Contractual Obligation, Fiscal Year Maturity Schedule [Table Text Block]
The following table assumes that the Company retains the rights to all of its current mineral properties, but does not exercise any lease purchase or royalty buyout options:
 
 
 
Payments Due in Calendar Year
 
 
 
2016
 
2017
 
2018
 
2019
 
2020
 
2021 and 
beyond
 
Total
 
Livengood Property Purchase(1)
 
$
-
 
$
14,800,000
 
$
-
 
$
-
 
$
-
 
$
-
 
$
14,800,000
 
Mineral Property Leases(2)
 
 
-
 
 
421,850
 
 
426,903
 
 
432,032
 
 
442,237
 
 
447,521
 
 
2,170,543
 
Mining Claim Government Fees
 
 
-
 
 
114,925
 
 
114,925
 
 
114,925
 
 
114,925
 
 
114,925
 
 
574,625
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total
 
$
-
 
$
15,336,775
 
$
541,828
 
$
546,957
 
$
557,162
 
$
562,446
 
$
17,545,168
 
 
1.
The amount payable on January 12, 2017 of $14,800,000 represents the fair value of the Company’s derivative liability as at September 30, 2016 and will be revalued at each subsequent reporting period. See Note 6.
2.
Does not include required work expenditures, as it is assumed that the required expenditure level is significantly below the level of work that will actually be carried out by the Company. Does not include potential royalties that may be payable (other than annual minimum royalty payments). See Note 4.
XML 36 R24.htm IDEA: XBRL DOCUMENT v3.5.0.2
GENERAL INFORMATION, NATURE OF OPERATIONS AND GOING CONCERN (Details Textual) - USD ($)
Sep. 30, 2016
Dec. 31, 2015
Sep. 30, 2015
Dec. 31, 2014
General Information Nature And Continuance Of Operations [Line Items]        
Business Combination, Contingent Consideration, Liability $ 14,800,000      
Cash and Cash Equivalents, at Carrying Value $ 1,759,123 $ 6,493,486 $ 7,908,605 $ 13,521,473
Livengood Property [Member]        
General Information Nature And Continuance Of Operations [Line Items]        
Noncontrolling Interest, Ownership Percentage by Parent 100.00%      
XML 37 R25.htm IDEA: XBRL DOCUMENT v3.5.0.2
FAIR VALUE OF FINANCIAL INSTRUMENTS (Details) - USD ($)
Sep. 30, 2016
Dec. 31, 2015
Fair Value, Inputs, Level 1 [Member]    
Financial assets:    
Marketable securities $ 20,318 $ 11,741
Total 20,318 11,741
Financial liabilities:    
Derivative liability (Note 6) 0 0
Total 0 0
Fair Value, Inputs, Level 2 [Member]    
Financial assets:    
Marketable securities 0 0
Total 0 0
Financial liabilities:    
Derivative liability (Note 6) 14,800,000 13,900,000
Total $ 14,800,000 $ 13,900,000
XML 38 R26.htm IDEA: XBRL DOCUMENT v3.5.0.2
CAPITALIZED ACQUISITION COSTS (Details)
9 Months Ended
Sep. 30, 2016
USD ($)
Costs Incurred, Oil and Gas Property Acquisition, Exploration, and Development Activities [Line Items]  
Balance, December 31, 2015 $ 55,204,041
Acquisition costs 0
Balance, September 30, 2016 $ 55,204,041
XML 39 R27.htm IDEA: XBRL DOCUMENT v3.5.0.2
CAPITALIZED ACQUISITION COSTS (Details 1) - USD ($)
9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Exploration costs:    
Aircraft services $ 6,511 $ 4,185
Assay 0 9,984
Environmental 233,398 509,274
Equipment rental 33,375 33,862
Field costs 87,754 140,355
Geological/geophysical 1,613,994 717,073
Land maintenance & tenure 494,316 496,968
Legal 27,845 18,262
Transportation and travel 7,091 27,056
Total expenditures for the period $ 2,504,284 $ 1,957,019
XML 40 R28.htm IDEA: XBRL DOCUMENT v3.5.0.2
CAPITALIZED ACQUISITION COSTS (Details Textual)
9 Months Ended 144 Months Ended
Sep. 30, 2016
USD ($)
Sep. 30, 2016
USD ($)
Costs Incurred, Oil and Gas Property Acquisition, Exploration, and Development Activities [Line Items]    
Lessor Leasing Arrangements, Operating Leases, Renewal Term 19 years  
Livengood Property [Member] | Alaska Mental Health Trust Mineral Rights [Member]    
Costs Incurred, Oil and Gas Property Acquisition, Exploration, and Development Activities [Line Items]    
Lessor Leasing Arrangements, Operating Leases, Term of Contract 19 years  
Mining Properties Lease Operating Expense $ 326,776 $ 2,302,666
Minimum Royalty Payment Percentage 125.00%  
Livengood Property [Member] | Alaska Mental Health Trust Mineral Rights [Member] | Maximum [Member]    
Costs Incurred, Oil and Gas Property Acquisition, Exploration, and Development Activities [Line Items]    
Royalty Percentage 5.00% 5.00%
Livengood Property [Member] | Alaska Mental Health Trust Mineral Rights [Member] | Maximum [Member] | Production Royalty [Member]    
Costs Incurred, Oil and Gas Property Acquisition, Exploration, and Development Activities [Line Items]    
Royalty Percentage 1.00% 1.00%
Livengood Property [Member] | Alaska Mental Health Trust Mineral Rights [Member] | Minimum [Member]    
Costs Incurred, Oil and Gas Property Acquisition, Exploration, and Development Activities [Line Items]    
Royalty Percentage 2.50% 2.50%
Livengood Property [Member] | Alaska Mental Health Trust Mineral Rights [Member] | Minimum [Member] | Production Royalty [Member]    
Costs Incurred, Oil and Gas Property Acquisition, Exploration, and Development Activities [Line Items]    
Royalty Percentage 0.50% 0.50%
Livengood Property [Member] | Federal Unpatented Lode Mining Claims [Member]    
Costs Incurred, Oil and Gas Property Acquisition, Exploration, and Development Activities [Line Items]    
Mining Properties Lease Operating Expense $ 50,000 $ 630,000
Livengood Property [Member] | Federal Unpatented Lode Mining Claims [Member] | Production Royalty [Member]    
Costs Incurred, Oil and Gas Property Acquisition, Exploration, and Development Activities [Line Items]    
Portion Of Royalty To Be Purchased By The Entity 1.00% 1.00%
Payments for Royalties $ 1,000,000  
Livengood Property [Member] | Federal Unpatented Lode Mining Claims [Member] | Maximum [Member] | Production Royalty [Member]    
Costs Incurred, Oil and Gas Property Acquisition, Exploration, and Development Activities [Line Items]    
Royalty Percentage 3.00% 3.00%
Livengood Property [Member] | Federal Unpatented Lode Mining Claims [Member] | Minimum [Member] | Advance Royalties [Member]    
Costs Incurred, Oil and Gas Property Acquisition, Exploration, and Development Activities [Line Items]    
Advance Royalties $ 50,000 $ 50,000
Livengood Property [Member] | Federal Unpatented Lode Mining Claims [Member] | Minimum [Member] | Production Royalty [Member]    
Costs Incurred, Oil and Gas Property Acquisition, Exploration, and Development Activities [Line Items]    
Royalty Percentage 2.00% 2.00%
Livengood Property [Member] | Patented Lode Claims [Member]    
Costs Incurred, Oil and Gas Property Acquisition, Exploration, and Development Activities [Line Items]    
Portion Of Cash Payments Payable To Acquire Royalty Interests In Mining Properties $ 500,000  
Balance Portion Of Payments To Acquire Royalty Interests In Mining Properties Payable By Way Of Net Smelter Return 500,000 $ 500,000
Payments for Royalties $ 1,000,000  
Livengood Property [Member] | Patented Lode Claims [Member] | Production Royalty [Member]    
Costs Incurred, Oil and Gas Property Acquisition, Exploration, and Development Activities [Line Items]    
Net Smelter Return Base For Payments To Acquire Royalty Interests In Mining Properties 3.00% 3.00%
Royalty Percentage 3.00% 3.00%
Mining Properties Lease Operating Expense $ 20,000 $ 165,000
Livengood Property [Member] | Patented Lode Claims [Member] | Minimum [Member] | Advance Royalties [Member] | On or Befor Each Anniversary [Member]    
Costs Incurred, Oil and Gas Property Acquisition, Exploration, and Development Activities [Line Items]    
Advance Royalties 20,000 20,000
Livengood Property [Member] | Patented Lode Claims [Member] | Minimum [Member] | Advance Royalties [Member] | On or Before Each Subsequent Anniversary [Member]    
Costs Incurred, Oil and Gas Property Acquisition, Exploration, and Development Activities [Line Items]    
Advance Royalties $ 25,000 25,000
Livengood Property [Member] | Unpatented Federal Lode Mining And Federal Unpatented Placer Claims [Member]    
Costs Incurred, Oil and Gas Property Acquisition, Exploration, and Development Activities [Line Items]    
Prescribed Period From Decision On Positive Production For Payment Of First Half Amount Payable To Lessor 120 days  
Advance Royalties $ 15,000 15,000
Payments for Royalties 1,000,000  
Mining Properties Lease Operating Expense 15,000 113,000
Livengood Property [Member] | Unpatented Federal Lode Mining And Federal Unpatented Placer Claims [Member] | Production Royalty [Member]    
Costs Incurred, Oil and Gas Property Acquisition, Exploration, and Development Activities [Line Items]    
Balance Portion Of Payments To Acquire Royalty Interests In Mining Properties Payable By Way Of Net Smelter Return 125,000 125,000
Amount Payable To Lessor On Positive Production Decision 250,000 250,000
Portion Of Amount Payable To Lessor On Positive Production Decision Within Prescribed Period Of Decision $ 125,000 $ 125,000
Royalty Percentage 2.00% 2.00%
XML 41 R29.htm IDEA: XBRL DOCUMENT v3.5.0.2
ACCRUED LIABILITIES (Details) - USD ($)
Sep. 30, 2016
Dec. 31, 2015
Accrued Liabilities [Line Items]    
Accrued liabilities $ 288,451 $ 247,034
Accrued severance 0 19,900
Accrued salaries and benefits 69,277 127,502
Total accrued liabilities $ 357,728 $ 394,436
XML 42 R30.htm IDEA: XBRL DOCUMENT v3.5.0.2
ACCRUED LIABILITIES (Details Textual) - USD ($)
Sep. 30, 2016
Dec. 31, 2015
Accrued Liabilities [Line Items]    
Accrued General Corporate Cost Current $ 33,420 $ 27,535
Accrued Project Cost Current $ 255,031 $ 219,499
XML 43 R31.htm IDEA: XBRL DOCUMENT v3.5.0.2
DERIVATIVE LIABILITY (Details)
3 Months Ended 9 Months Ended
Sep. 30, 2016
USD ($)
$ / Ounce-oz
Sep. 30, 2015
USD ($)
Sep. 30, 2016
USD ($)
$ / Ounce-oz
Sep. 30, 2015
USD ($)
Derivatives, Fair Value [Line Items]        
Derivative value at beginning of the period     $ 13,900,000  
Unrealized loss for the period $ 100,000 $ (400,000) 900,000 $ (500,000)
Derivative value at end of the period $ 14,800,000   $ 14,800,000  
Average Gold Price at beginning of the period (in dollars per ounce of gold) | $ / Ounce-oz     1,320  
Average Gold Price at end of the period (in dollars per ounce of gold) | $ / Ounce-oz 1,360   1,360  
XML 44 R32.htm IDEA: XBRL DOCUMENT v3.5.0.2
DERIVATIVE LIABILITY (Details Textual)
9 Months Ended
Sep. 30, 2016
USD ($)
$ / Ounce-oz
Dec. 31, 2015
$ / Ounce-oz
Dec. 31, 2011
USD ($)
Dec. 13, 2011
USD ($)
Derivative [Line Items]        
Basis period of average gold price per ounce of gold is considered for calculating additional payment 5 years      
Derivative Liability Value On Initial Recognition       $ 23,100,000
Forward Curve Assumption Based Estimated Average Gold Price Per Ounce Of Gold | $ / Ounce-oz 1,360 1,320    
Livengood Gold Project, Alaska        
Derivative [Line Items]        
Aggregate Consideration For The Claims And Rights     $ 13,500,000  
Additional Payment $ 23,148      
Average Gold Price For The Determine Additional Payment 720      
Additional contingent payment, if the average Gold Price is less than specified price per troy ounce $ 720      
XML 45 R33.htm IDEA: XBRL DOCUMENT v3.5.0.2
SHARE CAPITAL (Details) - CAD / shares
9 Months Ended 12 Months Ended
Sep. 30, 2016
Dec. 31, 2015
Number of Options    
Balance, beginning of the period (in shares) 6,066,200 5,854,000
Granted (in shares) 0 2,135,200
Exercised (in shares) (40,000) 0
Cancelled (in shares) 0 (1,923,000)
Balance, end of the period (in shares) 6,026,200 6,066,200
Weighted Average Excercise Price    
Balance, beginning of the period (in Canadian dollars per share) CAD 1.6 CAD 2.68
Granted (in Canadian dollars per share) 0 0.8
Exercised (in Canadian dollars per share) (0.50) 0
Cancelled (in Canadian dollars per share) 0 (4.01)
Balance, end of the period (in Canadian dollars per share) CAD 1.61 CAD 1.6
XML 46 R34.htm IDEA: XBRL DOCUMENT v3.5.0.2
SHARE CAPITAL (Details 1) - CAD / shares
9 Months Ended
Sep. 30, 2016
Dec. 31, 2015
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]    
Number of Options (in shares) 6,026,200 6,066,200
Exercisable (in shares) 5,353,465 4,036,064
Exercise Price August 24, 2017    
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]    
Exercise Price (in Canadian dollars per share) CAD 3.17 CAD 3.17
Number of Options (in shares) 1,675,000 1,675,000
Exercisable (in shares) 1,675,000 1,675,000
Expiry Date Aug. 24, 2017  
Exercise Price March 14, 2018    
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]    
Exercise Price (in Canadian dollars per share) CAD 2.18 CAD 2.18
Number of Options (in shares) 319,000 319,000
Exercisable (in shares) 319,000 319,000
Expiry Date Mar. 14, 2018  
Exercise Price February 25, 2022    
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]    
Exercise Price (in Canadian dollars per share) CAD 1.11 CAD 1.11
Number of Options (in shares) 1,030,000 1,030,000
Exercisable (in shares) 1,030,000 686,666
Expiry Date Feb. 25, 2022  
Exercise Price February 25, 2022    
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]    
Exercise Price (in Canadian dollars per share) CAD 0.73 CAD 0.73
Number of Options (in shares) 594,000 594,000
Exercisable (in shares) 594,000 396,000
Expiry Date Feb. 25, 2022  
Exercise Price March 10, 2022    
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]    
Exercise Price (in Canadian dollars per share) CAD 1.11 CAD 1.11
Number of Options (in shares) 430,000 430,000
Exercisable (in shares) 430,000 286,666
Expiry Date Mar. 10, 2022  
Exercise Price March 16, 2023    
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]    
Exercise Price (in Canadian dollars per share) CAD 1 CAD 1
Number of Options (in shares) 1,260,000 1,260,000
Exercisable (in shares) 839,999 419,999
Expiry Date Mar. 16, 2023  
Exercise Price March 16, 2023    
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]    
Exercise Price (in Canadian dollars per share) CAD 0.5 CAD 0.5
Number of Options (in shares) 688,200 728,200
Exercisable (in shares) 445,466 242,733
Expiry Date Mar. 16, 2023  
Exercise Price June 9, 2023    
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]    
Exercise Price (in Canadian dollars per share) CAD 1 CAD 1
Number of Options (in shares) 30,000 30,000
Exercisable (in shares) 20,000 10,000
Expiry Date Jun. 09, 2023  
XML 47 R35.htm IDEA: XBRL DOCUMENT v3.5.0.2
SHARE CAPITAL (Details 2)
9 Months Ended
Sep. 30, 2016
CAD / shares
shares
Number of options  
Outstanding at December 31, 2015 | shares 2,030,136
Vested | shares (1,357,401)
Outstanding at September 30, 2016 | shares 672,735
Weighted average grant-date fair value  
Outstanding at December 31, 2015 | CAD / shares CAD 0.34
Vested | CAD / shares 0.38
Outstanding at September 30, 2016 | CAD / shares CAD 0.25
XML 48 R36.htm IDEA: XBRL DOCUMENT v3.5.0.2
SHARE CAPITAL (Details 3)
12 Months Ended
Dec. 31, 2015
CAD / shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Expected life of options 6 years
Risk-free interest rate 0.97%
Annualized volatility 80.60%
Dividend rate 0.00%
Exercise price (C$) CAD 0.8
XML 49 R37.htm IDEA: XBRL DOCUMENT v3.5.0.2
SHARE CAPITAL (Details Textual)
9 Months Ended 12 Months Ended
Sep. 30, 2016
USD ($)
shares
Sep. 30, 2015
USD ($)
shares
Dec. 31, 2015
shares
Sep. 30, 2016
CAD
shares
Stockholders Equity [Line Items]        
Common Stock, Shares, Issued | shares     116,313,638 116,353,638
Common Stock, Shares, Outstanding | shares     116,313,638 116,353,638
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross | shares 0   2,135,200  
Share Based Compensation Arrangement By Share Based Payment Award Percentage Of Shares Authorized       10.00%
Allocated Share-based Compensation Expense | $ $ 92,587 $ 448,310    
Employee Service Share-based Compensation, Nonvested Awards, Compensation Not yet Recognized, Stock Options | CAD       CAD 38,644
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition 5 months 16 days      
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Remaining Contractual Term 4 years 3 months 14 days      
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period | shares 40,000   0  
Stock Issued During Period, Value, Stock Options Exercised | $ $ 15,404      
Reallocation From Contributed Surplus | $ $ 0      
Common Stock [Member]        
Stockholders Equity [Line Items]        
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period | shares 40,000      
Stock Issued During Period, Value, Stock Options Exercised | $ $ 15,404      
Reallocation From Contributed Surplus | $ $ 8,942      
Equity Option [Member]        
Stockholders Equity [Line Items]        
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross | shares   2,135,200    
Share Based Compensation Arrangement By Share Based Payment Award Options Granted In Period Fair Value | $   $ 435,213    
XML 50 R38.htm IDEA: XBRL DOCUMENT v3.5.0.2
SEGMENT AND GEOGRAPHIC INFORMATION (Details) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2016
Dec. 31, 2015
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Segment Reporting Information [Line Items]          
Capitalized acquisition costs $ 55,204,041 $ 55,204,041   $ 55,204,041  
Property and equipment 26,120 30,083   26,120  
Current assets 1,977,531 6,685,712   1,977,531  
Total assets 57,207,692 61,919,836   57,207,692  
Net loss for the period (1,524,589) (1,119,972) $ (1,007,489) (6,080,895) $ (3,692,852)
CANADA          
Segment Reporting Information [Line Items]          
Capitalized acquisition costs 0 0   0  
Property and equipment 9,098 9,563   9,098  
Current assets 1,445,449 6,106,135   1,445,449  
Total assets 1,454,547 6,115,698   1,454,547  
Net loss for the period (276,954)   8,703 (915,561) (303,255)
UNITED STATES          
Segment Reporting Information [Line Items]          
Capitalized acquisition costs 55,204,041 55,204,041   55,204,041  
Property and equipment 17,022 20,520   17,022  
Current assets 532,082 579,577   532,082  
Total assets 55,753,145 $ 55,804,138   55,753,145  
Net loss for the period $ (1,247,635)   $ (1,016,192) $ (5,165,334) $ (3,389,597)
XML 51 R39.htm IDEA: XBRL DOCUMENT v3.5.0.2
COMMITMENTS (Details)
Sep. 30, 2016
USD ($)
Recorded Unconditional Purchase Obligation [Line Items]  
2016 $ 0
2017 15,336,775
2018 541,828
2019 546,957
2020 557,162
2021 and beyond 562,446
Total 17,545,168
Livengood Property Purchase Obligation [Member]  
Recorded Unconditional Purchase Obligation [Line Items]  
2016 0 [1]
2017 14,800,000 [1]
2018 0 [1]
2019 0 [1]
2020 0 [1]
2021 and beyond 0 [1]
Total 14,800,000 [1]
Mineral Property Leases Obligation [Member]  
Recorded Unconditional Purchase Obligation [Line Items]  
2016 0 [2]
2017 421,850 [2]
2018 426,903 [2]
2019 432,032 [2]
2020 442,237 [2]
2021 and beyond 447,521 [2]
Total 2,170,543 [2]
Mining Claim Government Fees Obligation [Member]  
Recorded Unconditional Purchase Obligation [Line Items]  
2016 0
2017 114,925
2018 114,925
2019 114,925
2020 114,925
2021 and beyond 114,925
Total $ 574,625
[1] The amount payable on January 12, 2017 of $14,800,000 represents the fair value of the Company’s derivative liability as at September 30, 2016 and will be revalued at each subsequent reporting period. See Note 6.
[2] Does not include required work expenditures, as it is assumed that the required expenditure level is significantly below the level of work that will actually be carried out by the Company. Does not include potential royalties that may be payable (other than annual minimum royalty payments). See Note 4.
XML 52 R40.htm IDEA: XBRL DOCUMENT v3.5.0.2
COMMITMENTS (Details Textual)
Sep. 30, 2016
USD ($)
Livengood Property Purchase Obligation [Member]  
Recorded Unconditional Purchase Obligation [Line Items]  
Fair value of derivative liability $ 14,800,000
XML 53 R41.htm IDEA: XBRL DOCUMENT v3.5.0.2
RELATED PARTY TRANSACTIONS (Details Textual)
1 Months Ended
Mar. 26, 2015
Dec. 31, 2011
AN Gold Mines [Member]    
Related Party Transaction [Line Items]    
Payment Due To Related Party Percent   70.00%
Percentage of interest owned 11.90%  
Heflinger Group [Member]    
Related Party Transaction [Line Items]    
Payment Due To Related Party Percent   30.00%
EXCEL 54 Financial_Report.xlsx IDEA: XBRL DOCUMENT begin 644 Financial_Report.xlsx M4$L#!!0 ( $2 ;DGSW$M9R0$ $H: 3 6T-O;G1E;G1?5'EP97-= M+GAM;,V9RT[#,!!%?Z7*%C6N[?(494/9 A+\@$FFC=4XMFRWE+_'3@%!51"O M2G>31^]X[DW&.9N>WS\Y"H.U:;LP*9H8W1ECH6K(J%!:1UU29M8;%=.MGS.G MJH6:$Q.CT1&K;!>IB\.8>Q07YS;"/7X4C?)4WT6?YKO[VWA? ML+\<>:[]]6=#[\7 ^M,>(?&C' (DAP3),0;)<0B2XP@DQS%(CA.0'*<@.?@( M)0@*43D*4CD*4SD*5#D*53D*5CD*5SD*6#D*604*604*604*604*604*604* M604*604*604*604*624*624*624*624*624*624*624*624*624*624*6<[% *P( L !?.0Q(OW[CMB MPD.MQ-*O>X^NO ZIK XTHO8<4M?'5$Q^#*G*_=ITJK$"2+8CCVG!D4*>-BP> M-9?20D0[8$NP+,L5R*V.V:SGVL7.U49V[M,41Y26M#;3"&>6X9MY6&3I//B) M]!=C;IK>TI;MR5/0!_ZS#0//>997'L=V+YRO+0O]C^AY%.!)T:'B1?4C9@,2 M[2F]@OIZ (4QOCLEFI2"(S>C@KN_V/P"4$L#!!0 ( $2 ;DD;CBH[JP$ M (@9 : >&PO7W)E;',O=V]R:V)O;VLN>&UL+G)E;'/%V<>$5==>.V[0L$'8UH+F2FM+Y]4Q?%7N:C"^';)"0#9_X0^!&291/R MQ9,_E_'8-J$Z=F'T7I^;L!CNK[(JQF[A7-A6OB[#0]OY9EC=MWU=QN&R/[BN MW)[*@W>:YQ/7W\[)ULN?LT>;W2KK-SO)1B]E?_!QE;VU_2E4WL?@KB=YX MEB^=_\_V[7Y_W/K'=OM:^R;^4>&^-LA<.DC304H)LG2048**=%!!"1JG@\:4 MH$DZ:$()FJ:#II2@63IH1@F:IX/FE"#)@8PY)PEAS=%: -?"\5H V,(16P#9 MPC%; -K"45L V\)Q6P#RM%;@=Y*>M=&+]LBM'+T5Z*TBM'+T5Z*TAM'+T-Z&TAC"4=O WH;1V\#>AM';P-Z&T=O WH;1V\#>AM';P-Z&T?O NA=#G[^Z=(^_739?T!4$L#!!0 ( $2 ;DFSH/FHT ( "(+ 0 9&]C M4')O<',O87!P+GAM;+U676^;,!3]*Q9/F[25A&;=%*5(+CBI)2 9.)FZ-YQ9L&3- MUE^S.JAF3HHL,,OB**0B2A/3C<(\Y>E& /0^3(CJ4T%:[+:%U7T+;V1?89%UQK2Y,'MFYBWUX>M5BQG!>=#HV+@?S5$AS]56Q&UU'R ML*!1SLW)7HSW+!1I?AC37IP[I74:%D/G*R+KXQJXIYP5YK6VIWE$$Z$!'OV1 M1T.KTE;>THXS+G+S5YH_\BUC@D_TVEF:36S3CD;F:%@BI-5&ZG5GYD&V5M^% MAT0B9GR^6=!<_" M@&P@K6#N8!L2>;B!#O0L!,[@7/;A8(\@'[N]\APXW\[@7"DY,^0A'SH2-)W[ M+B1X[GT!'B1+'X'Y5%W;#0QP4-PN?!0@CY0L)7(*L0]6T%F6P:;8DR+A,EM M_*6K[@(N,($._BU+A];/)0YP$5_V%)! R8"6Y2\EVL'P!CL2C=0X6\JPDL6N M4 V]4P*#6RC;/Q2B1J"9*SL'T+/!#,UG/ES<8JM6\<1X7!>3@J8NST=..:\% M],D=(#[T F@5K:OAG=H.O_?7%GSZJ+K@$Z'W@7<(;QGO" M=P?O7 9CU'\,QHE%[1J#H5[4;LX9XS9^?'S<-A,TBD^HUL4 A/7X1CK3=%* M>N5>?5B=\=58,.R%-GJA+WNAB7S)/='XC+VX5(^ZM1>=VJB0W?6<_C,K [QY MHC3?&J]>%GK[16S^!5!+ P04 " !$@&Y)(/-)=CT! !I P $0 &1O M8U!R;W!S+V-O&ULS9--3\,P#(;_"NJ]2[-!#U'7 R!.3$)B",0M)-X6 MUGPH\=3UWY-E75K(-.B*(D&Y)(C)P=@[@9B5E=2,.&!H_4] M7HH![W:^23 I"#2@P6 @=$))5K^8K;&MJ&UL[5I;<]HX%'[OK]!X9_9M"\8V@;:T$W-I M=MNTF83M3A^%$5B-;'EDD81_OTV23;J;/ 0LZ?O.14?GZ#AY\^XN M8NB&B)3R> +]O6N[!3+UES@6QHO(];JM-O=5H1I;*$81V1@?5XL:$#05%%:;U\@M.4?,_@5 MRU2-9:,!$U=!)KF(M/+Y;,7\VMX^9<_I.ATR@6XP&U@@?\YOI^1.6HCA5,+$ MP&IG/U9KQ]'22(""R7V4!;I)]J/3%0@R#3LZG5C.=GSVQ.V?C,K:=#1M&N#C M\7@XMLO2BW A(5 MM>5 TR 6'!VULS2 Y9>*?IUE!K9';O=05SP6.XYB1'^QL4$UFG2&98T1G*= MD 4. #?$T4Q0?*]!MHK@PI+27)#6SRFU4!H(FLB!]4>"(<7K;YH]5Z%82=J$^!!&&N*<<^9ST6S[!Z5&T?95O-RCEU@5 9<8WS2J-2S% MUGB5P/&MG#P=$Q+-E L&08:7)"82J3E^34@3_BNEVOZKR2.FJW" M$2M"/F(9-AIRM1:!MG&IA&!:$L;1>$[2M!'\6:PUDSY@R.S-D77.UI$.$9)> M-T(^8LZ+D!&_'H8X2IKMHG%8!/V>7L-)P>B"RV;]N'Z&U3-L+([W1]072N0/ M)J<_Z3(T!Z.:60F]A%9JGZJ'-#ZH'C(*!?&Y'C[E>G@*-Y;&O%"N@GL!_]': M-\*K^(+ .7\N?<^E[[GT/:'2MSAD6R4) MRU3393>*$IY"&V[I4_5*E=?EK[DHN#Q;Y.FOH70^+,_Y/%_GM,T+,T.WF)&Y"M-2D&_#^>G%>!KB.=D$N7V85VWGV-'1^^?!4;"C[SR6'<>(\J(A M[J&&F,_#0X=Y>U^89Y7&4#04;6RL)"Q&MV"XU_$L%.!D8"V@!X.O40+R4E5@ M,5O& RN0HGQ,C$7H<.>77%_CT9+CVZ9EM6ZO*7<9;2)2.<)IF!-GJ\K>9;'! M51W/55ORL+YJ/;053L_^6:W(GPP13A8+$DACE!>F2J+S&5.^YRM)Q%4XOT4S MMA*7&+SCYL=Q3E.X$G:V#P(RN;LYJ7IE,6>F\M\M# DL6XA9$N)-7>W5YYN< MKGHB=OJ7=\%@\OUPR4TB42 M%(JP# 4A%W+C[^^3:G>,U_HL@6V$5#)DU1?*0XG!/3-R0]A4)?.NVB8+A=OB M5,V[&KXF8$O#>FZ=+2?_VU[4/;07/4;SHYG@'K.'YA,L0Z1^P7V*BH 1JV*^NJ]/^26<.[1[\8$@F_S6VZ3VW> ,?-2K M6J5D*Q$_2P=\'Y(&8XQ;]#1?CQ1BK::QK<;:,0QY@%CS#*%F.-^'19H:,]6+ MK#F-"F]!U4#E/]O4#6CV#30,9FV-J/D3@H\W/[O#;#"Q([A[8N_ 5!+ M P04 " !$@&Y)[I0F2G0" \#0 #0 'AL+W-T>6QE]508,L>0+,R9+^NEG8Q(N4IJD MNY$7'XZ/?^=O? ('OU!;BI]6&"NP8907 5PIE7]RG")>88:*L<@QUS.ID PI M?2DSI\@E1DEA%C'J3%QWZC!$. Q]7K(%4P6(1/^C M%.KN';#CZ,-HY#Y?WO7]%]7$)026\24)H#>]AL[IT+%[F*OG>NCI$?3\_G,7 MWF(WKE=$=<$SUX"=NB)"/Q6\*8P)M([0 M+U[ &E$=[YGP6% A@=*5IQ54'HX8MA%S1$DDB7&FB!&ZM>Z)<53%6L=H1^CI3"DB_T!:CMY3;7F^." M8RNRBCL2G4FT]2;7K075H/-&0B98[C-[<.<*?8I3I1=(DJW,J$1NI NE!--& M0E F.*(&N5M1&QH;8TJ?S*/A>]IA;U)@8\P9NQ 8%3M3WXC:;,K %D&;9MEM M[,T^T])1EGV(JUKH6HKX[AO0/XT$<[*E@)25YTO"F$6#NP MA&"-I2)QV_-3HGR)-ZJN8&>3'E+XUBW_34U__JXU:G0)_NO;\U^3M\^F^AO" MGIX3CN*Q9!&6B^K)?+ZPJ]E0E9DW^6"E38C-<:;=#E78U6&6F@_L] M:4[]IF^U$YUF8N\%44FH(GRG 9GV[]'HIIWW?--(:&:R:7J(:E:A2'_*=+)H M6()35%+UC:R%JB8#V-A?C7QONH]:[A$!;.P'G)"258VRTWPOA;\ 4$L#!!0 M ( $2 ;DE97M :TP, -D- / >&PO=V]R:V)O;VLN>&ULE9=1<]HX M$(#_BL9/O9F; \M 4J9T1@%#-&,,9QMN>F\.%D5383.6:'+]]2>9)%TW&S=Y MPK*M3ROMQUKZI,?W5?WMKJJ^D8>C*O6XGG@'8T[C7D_O#N*8Z[^JDRCMLWU5 M'W-CF_777K7?RYV85;OS492F1_O]4:\6*C>R*O5!GK3W2--OH>E3+?)"'X0P M1W6!'7-9>I\_Z?%>*K$5M;9@DI].<7X4$^]!>43EVH2%-**8> /;K.Y%ZT9] M/MV*00^_RL3&:#?1IWXOET0.GH MPG"O;:6XUQ#H;I!\9^1WD>5W$Z_OD?QLJKE41M2SW(A%79U/LOQJ61[9RUJ; MU$VW>?,H2WF4/US[J2JFFEWO0=+(CZ.<[-D8C=ZT7 M37Z7N$Q,O%'? K]++>^DDN:_B==<*^%FTOME*LWR_[PB9;,X3RDFK"Q(6!I+ M(;R\),\NC8O!OLR+9N!Z+.U%S0O_LE00-%W%LS!.PQFQ5^DJXC.6V<8-BU@\ M#0D 40"B[P4% !0 4/!F$(^S,.%+&-$ @ ;O!0T!: A P_>"1@ T J#12] B MC,.$1;;G?)4L6<97\9\D9MDF":)9LE 'T$H(_(RK USUC$_[7+P:9_;WC* M721VG=(LA1+VH87]ER VG28;"XDXN^&1A82M[BV)$8MG-A%;NPC;\)GP!?:' M[OJ(O.DMLREXG WL"%WU$5G3<+&TZT]8/".+<+5(V/J63Y\3#%'05A_5=;GD MF:.UI@[=]!$YDS!J;%RS)/M"LH3%*9NZ)+0H4$P?,;/3"/\*HJ":/N)FIQ/D M T1!37W$4\0*\L&6627T'Y #+?4133$],!"%FE)$TY8G* &:2A%3.X6A%*): M!1>MN,_"H*% =RGB;FJG3]H-46L[@*13, O+O0Z0+S&_R!(4 'T M.WAC)091013T._A=4<:C:6TEL/*,(HC?@D"Y T3N5R"T!8%:!XC6KT""%@0* M'2!"OP+)Q(,YYZJ%@D('B-"==2B 0@=0Z 1NE6'L"Q!D0-L%X$ L$D-H,8# M1./7OX4-%Z*@QP/_<>/]AF&+N5W[GCB?VY["@&0_?9<>VE M/;),/'>NL$>(LU)3>V]51E7>[+XOY*<#R>?_ 5!+ P04 " !$@&Y)1D,C M44T" #U!P & 'AL+W=OLUE_.7%14Z:&X!+(1C)ZLJ2H# M'(9)4-&B]K/4SKV*+.57518U>Q6>O%85%?]VK.3MQD=^/_%67')E)H(L#0;? MJ:A8+0M>>X*=-_X6K?R;Y ^?O9O#SM/%#DP,KV5&9$%0_ M;FS/RM)$TN2_7=!/IC'>O_?1G^UR=?H'*MF>EW^*D\IUMJ'OG=B97DOUQML7 MUJTA-@&/O)3VUSM>I>)5;_&]BG[ LZCMLX4O$>IL;@/N#'@PD'C40#H#&0Q0 MN@ RL^OZ017-4L%;3S;4_-MHK>7"!-&1/;T8J>MD8PI;J2R]96$:W$R8!P6V MBATHT* (=&PG /LN.[9V_#U@#PHR#2"/ )C<$FN/INW1HST">V3ML2L_4.Q MD4P#8B<@MO;%" 4RVE X@0DUKX: 8 "A=.$A9.P #]Z1-16D@ ")#A$,^JT M=$*6 '%V2@R03C*C559.Q K\T4BI.DD\C4"ADV&G=81DI%B]!I$(S4(A-ZK; MFF.]U6MF=!?";@KL3S368)T&S^@P1-P4V,88C5$Z#9Y!<6]V!'L9D^__G'VG M02@A,4G(U\(%=Z=LQ<3%WC[2._)KK>"0'6:'&VZ+[2G]*<_2AE[8+RHN12V] M U?ZK+='\IESQ706X9-N^5S?P<.@9&=E7A=F+\"M! /%F_Z2'6[Z[#]02P,$ M% @ 1(!N26;H%D!: P .@X !@ !X;"]W;W)K&=$7Y&K@^V?AYTQ8_;6-MUPD^_&<7]=%,/CSK35<&7WIG._ M;&W?5J.[[)^*8=^;:C,'M4U!$!)%6]5=OE[-]^[[]F&VK;9;W9WN2W^+HD=$)FXG=M#L/) M>3:)?[#V>;KXL;G)T:3!-.9QG%)4[O!J2M,T4R8W\E^?]'W,*?#T?,G^;2[7 MR7^H!E/:YD^]&7=.+ZFX\'^$4A'Q8.(#Z ' ,PBP90'T _!!2@;*[K:S56ZU5O#]FPKZ:GC:\= MWD])7.;,%3.X/LTY^[E3Z]7KFK!5\3KE.4/(C-QYY#)1>H(?D<*-'Q1!SD7 MS5L"\>+S>'H>SR">0KP\E]C-B(0B ,&2:TSH9:X$3C!-F4K0PX)Z&.A1H7$$ MZ/$(5@Q%L!(PK E)Z0X/JN$PE(ZHX7X8*3G%$3G ":&XQ.1S/2*H1\Q)*(KH M$7Y"8!*ARB414O1S+3*H14**2,UW@'!.$$,LUIP+X$5%*JA(@2(2400(EP1) MH2-@":# &FM%$^:/#OX[-2A*Z#%&P9+FVRX#B]3D&:R$$K%GOG#$=3E%$0XK M L>B/*9H8:2,_9/+A=.,I?08D[ B\,"3# %%P&"FT/2):0(2)<@).RH&'Z1! M2UWD>$_EE#&NHBT"DF/!I$[0Q(+S$(,94I60(>R$F"><9PJC$(O[2>4>= MVV&5L,K .JP+G(S%O-4SE"%!J8B9ZT)2+;7$\G-5).R.!!R-!5"3\0M0S\3>VGX)ZLD+K^WB9)6_ MKY[,SZI_JKLA>["CVS#,Z_JMM:-QF= 5S[.=V\@=+QJS':=3Z@\<+83IB^?;V%2480E0N\<,[Y/QMP-0GYJGH C=X9Y6H7]5J/6XS5H0=& MU(,8@9LGG9",:#.41ZQ&":1U)D9Q&LVTG<%WAV=<.#+@:!$<2NEWT+=DVA54XP>\!)G751Y9] M+\2K'?QL=U%L$8#"0=L$8IHS-$"I#3*%WT+F1TEKO.Y?TK^[U1KZ/5'0"/IG M:'5O8.,(M="1$]4O8OH!80F.\""H?3MPUT[^2;D)MF5# M&@SI;$CRNX8L&+)/!NS)W+J>B"9U)<6$U$CLRTZV1BYMB$E&9C'*[)/+E&ZG MZNI4L3A6E'%GS@$*G;7=C^M+_Q7Z@Q7@YD^:#L?X'4$L#!!0 ( $2 ;DFO MAR;2E04 /\: 8 >&PO=V]R:W-H965T&ULC9E-;^,V M$(;_BN%[8L[P.W ,K"47[:' 8@_M64F4Q%C;2BTEV?[[4N)0<5)ZK#VL;>7A MD"\_9EY)R_?F^+-]KNMN]FN_.[2W\^>N>[E9+-K[YWI?M=?-2WT(?WELCONJ M"S^/3XOVY5A7#T.C_6Z!0IC%OMH>YJOE<.W[<;5L7KO=]E!_/\[:U_V^.OZ[ MKG?-^^TXV4C1(P/QU[9^ M;T^^S_K!WS7-S_[''P^W<]&/H=[5]UT?H@H?;W51[W9]I-#S/Q3TH\^^X>GW M%/VW06X8_EW5UD6S^WO[T#V'T8KY[*%^K%YWW8_F_?>:-.@^X'VS:X?_9_>O M;=?L4Y/Y;%_]BI_;P_#Y'O_B!#7+-T!J@&.#L9]\ TD-Y$<#Q390U$!-[4%3 M _VEAT74/LQ<6775:GELWF?M2]7O)[@)^+$/$B+/PG2U826&F,=A+5;+MY7& MY>*MC_,)P0%9$R+/(V5$8"06H?_L('">ZP&'YLP8BDAHQ8SA8I#-_X*<':;\ M/$P9YTK&]OIR>_6YO8KM56QO/@_Q," VSD1$C/16GJ>*2#D4'LY39:3Z]&#$ M>6P3,:F$,O*R,IU5IJ,RF^O&1&41 8E981$J"+)?%_H4*B,DO6$B;6A$Z"=H M,EE-)D9PC*:(&"\QNZ8DBB@'DIF?TJ35TA(970DSB'A9F$ F-4H(F;1*LLM M6L10"X6.V;(;1Q.EK8 )ZGQ6G8_JLD>>U$7$:\7MQQ1'<8)A=OR9&*<7=R4038#A M; DQ8?$<=ZZ*%$M;#ZP^LC#A. O)IA,F=DJ&R;L42.Z"TQB9*U!2HN#\ MUTA:Y9'72:2&4+(5NY0C&7*2GZ+TBVLA]PV6W-:$"'E[ %35.7] S)44R& % M85*JX%>X::)P88XLZQ (]$(#3K"LD+<($ NRY3P",2%?L>F*(BG/^1^B0!O' M)BOJ,J3B";D8\SX!!7DR1ALQ5R#Z?XP\ M4%KDP!_05P0Z#^S)W7F/<+&*MR M_N8O:03*H+S 2+':@&ZD%'M^"0,_35C>*"#2=N*$(*.Y5$P@J'!3I2:8(>N#-3C&3P<8HCRT0:X83SK% B MI?'H])2C^,4V4"I&1;=T$R+D2S/&ZL?=7*V)N0*)P&[U=*_/&N,4+30#H 1,*#68 M?XB =%O//44@!K51K$9+&JT3W#U926!P,49SYC\%A%"=_4G$\QKSA@$=N5#F MB1VF"J^\\RJ[G^FIW4AJI\^457IRET@=3C[F;X?HX=U( FAKIN3GO'% 3T4E MUY"P8II6'F"95.6(X$?V(2]*O/60<;B[#CK0 P$YZ["F632:'&" M@C22V[$G*&K%/K$\&S6J79P\W=_7QZ?AO4H[NV]>#UU\8#U>'=_=?,/^[<"7 MZVNX*2!SO82;37PS\Q%^M7RIGNH_J^/3]M#.[IJN:_;#JX/'INGJ,&IQ'2;^ MN:X>QA^[^K'KO]I^1>+[F?BC:U[2ZZ;QG=?J/U!+ P04 " !$@&Y)S!WO MRRL% #R'0 & 'AL+W=OI[N^/S_,Y]WSKCY6W9?F7)_,?UZ:]ECUYF/[ M.N_.;5UM1Z/C8_MH]3,NRA/M3/_>"B,B\_ZW5]. R>S,K_@M/?:PZ&']\[[^4H MUVS_J>KJ=7/XOM_V.[-;,IULZY?J[=!_:][_K$&#'!P^-X=N_#MY?NOZYNA, MII-C]E/UU7+1-N^3[EP-%R!],'@[.#&>)R:^G4G=Z+,= MD[=<_%QJOIC_'/Q\0MB(K 1860-B PC&T!4&"D R<)("8B^('.CU"N7?98K MK%QF[?//2YQ&)+-R+2(YE5)R$@;7%F2"JYS1:^T?R8TE.1<\9R*R=@$N::Z8 M9&&NM-R,,44S1J7"P\&]X>"CG]RKTMJM+4*IXI0KGA!XX5U)V)5H>*651830 MG,;";K'(EC>8(XL5J*/RF@AJEE[-TFKV)A(T6V2F=>Z]?B '$I6,$D722N6U MGZ!BY56L1O-,1Q1;9$8%%83RB&B%BD:)(G6Q\MI54'?FU9W93$=66%ED-AP6 MVG]O@^X,U8T2!4J4@>T$=6NO;FUUBXANBP@MM"8Z=E]K_#@%_1J.4ZTS*;W' M*83!@EEF3M[(%DOM3M-<*TE(PAF7>Z.1VVC$[N3\WM.4$N]2X]=((0,FH9(! MF1)[0&.U#(+OG(:+&80?P'NJ&:7^J%"\G@%S3PK\K02U13A7D8L?F(1SA?H+ M-(4*G<7R;!F12<*YC)!K()/RS"'/>99GU.O4Y=F2FBK!8Z4%N!GC)-X.$A?NK*]5X PD,)_X;W^5" MX[I1I$A:J[QQ%);M+Z,4ZFCDDE\!8XJ+(+%F"KBH ,-S(QF.5>Q(Q# F'8<*5*7*V]\A<7[JS>C>!<-S(Q2FN=9+/- 1M6C2($C M96A+8?F!T02+E'HGGZ66>I8PG7!A<.,)M-0#B99ZYN83Z:6>^?L?QO%2S^X> M43!_7\$2AA2.8?)Z3O4Y_/B4 O/D8HZ/*6Z0L'!_C\,2)A7,-0\BUHNL&3ZK MP)$B;;'RQE-8N+^/80D#"V#,_49CXZ0UPP<6.%(DKE;>N I+]W=5S'8GE$3: MU96#I"#>QM)=[0CFY..#"QPI;Y"P 1)4F^H6O0F!-!4_HTKRR,6T 90+HCA7 MD>4+MT^O[X M&$7=YB#KHGM01]GH7W:JK8M>7[;[J#NVLMB:HKJ*!G^7^T \#4;:,IKIM6C#F\QE50U,>N8_0/HQ MYU!X>3ZR?S5VM?R7HI.YJGZ7V_Z@U<9AL)6[XE3U/]7YFP0/="#[;%LS/%L?V$,RMP%& KP5##-XRY(H"#Y*"#&J55F?'TI^B); MMNH<=,=BN-OH4!J(K##:8-6 F1*39 MG5/@T%6.33F^/4%N$93I4DH(5[I%B,0)3[A&<6Q0A/$'Q?37.1:VH->XFWJ$ M\T8+JV>.(10['9GA@0)Y+ $("R&PQQ+ N%YB/D,0<@NRB8%]-QPP"VV<>'3G M$RX68D9 (.Q6A&&)/-[7 ,($<^)39&$+PA 38H:DQ"T)4@MY-M\:0/H1(^CR M$7&H B1!.+V,\]NRB/-Q1)"%: X%=3N#[$+.E!R= 8B2S_\]U[8L;,[F<,<@ M8B#&F>VC /#)LM)G4O+D0AFI'JR!U?"/(+>3<7A\V.$N++=L M$.$T97/N MN'"+&D/,%ZH 6I!4B_+^Y8Q(RA#F;$8.87P,_:@VQA!*14(.]<*N@T IB+F[+\&*+IH"6O9[DVKW 4; M=6IZVZY-HU,[_H2'EO+3^%JWZ;:I_J#)EL=B+W\4[;YLNN!%];IA-7WE3JE> M:FWQ PV#@WZ1F"XJN>N'TU2?M[:UMA>].HYO"M/K2O8/4$L#!!0 ( $2 M;DE)G&X5HP$ +$# 8 >&PO=V]R:W-H965T&ULA5/+ M;MLP$/P5@A\0RK*<%H8L($Y0I(<"00[MF996$A&2JY*4E?Y]^9 4.S"0B[B[ MFIF=Y:.N6'/F*U[4-S>X0#:_VG1*.Y\:CIF!P.\B20E M69YE]TQQH6E5QMJ+J4HQHOZCSBM=W_B%AY1_A&-Z[W9C)(&6CY*]XK3,\PC[()@C=+& M+ZE'ZU M%$H4?T^KT'&=TI_OV4R[3HN>1WK^-7U[ M3=\FA]O9X?9K@>):H$@"Q2Q0W!HQ88X+9O>I";O84P6FBU?'DAI'[=*6KM7U M=C[D\4P^X%4Y\ Y^<=,); MH@/?/KO;4=+[][,F$EH7PF\^-NE* MI<3AL#R0]956_P%02P,$% @ 1(!N20@U%3NF 0 L0, !@ !X;"]W M;W)KP)%W);4]T-ZY8<^8 MK7M0W-[A -K_:=$H[GQJ.F8' [R))"59D64/3'&A:57&VHNI2AR=%!I>#+&C M4MS\/8+$Z4!SNA1>1=>[4&!5R59>(Q1H*U 3 ^V!/N7[XS8@(N"7@,E>Q"1X M/R&^A>1'D[S"/&D6;7[GC56EP(G;@X>SRO8>;(.*5B?=F_=A1T\3!J_)'4LJ7'4+FWI6EUOYU,1S^0#7I4#[^ G-YW0EIS0 M^9.-!] B.O#ML[M[2GK_?M9$0NM"N/.Q25V>]LX-.\9LW8/B]@8'T/Y/BT9QYU/3,3L8 MX$TD*[JA2^%-=+T+!5:5 M;.4U0H&V C4QT.[I_69WV 9$!/P4,-FSF 3O1\3WD#PW>YH%"R"A=D&!^^4$ M#R!E$/*-?\^:GRT#\3Q>U!_CM-[]D5MX0/E+-*[W9C-*&FCY*-T;3D\PCW ; M!&N4-GY)/5J':J%0HOA'6H6.ZY3^%'1>.I4;3Y@SM>E08G M8@<>SFZS\W 31+PR\=ZL'SMJFCAX59ZJ39&5[!2$+C")>)@Q*X)Y]:LM7 MLDL)T%\FLC)LQAP11?FK"S/55@NGAU+*EQ MU"YMZ5I=;^=]'L_D$UZ5 ^_@A9M.:$N.Z/S)Q@-H$1WX]MG-+26]?S]K(J%U M(?SF8Y.N5$H<#LL#65]I]1=02P,$% @ 1(!N29XXZ?NE 0 L0, !D M !X;"]W;W)K&ULA5/+;MLP$/P5@A\0RK*<%(8L M($X1M(<"00[MF996$A&2JY"4E?Y]^9 4NS"0B[B[FIF=Y:.N6'/F*U[4-S>X0#:_VG1*.Y\:CIF!P.\B20E69YE]TQQH6E5QMJ+J4H< MG10:7@RQHU+<_#V"Q.E -W0IO(JN=Z' JI*MO$8HT%:@)@;: WW<[(]%0$3 M;P&3O8A)\'Y"? O)S^9 LV !)-0N*'"_G.$)I Q"OO'[K/G9,A OXT7].4[K MW9^XA2>4?T3C>F\VHZ2!EH_2O>+T ^81=D&P1FGCE]2C=:@6"B6*?Z15Z+A. MZ4]1S+3;A'PFY"OA6Q:-IT;1YG?N>%4:G(@=>#B[S=[#31#QRL1[LW[LJ&GB MX%5YKC;;HF3G('2%2<3CC%D1S*O?;)'36_0\TO.OZ=MK^C8YW,X.=U\+%-<" M11(H9H'[6R,FS''!//S7A%WLJ0+3Q:MC28VC=FE+U^IZ.Q_S>":?\*H<> >_ MN.F$MN2$SI]L/( 6T8%OG]WM*.G]^UD3":T+X8./3;I2*7$X+ ]D?:75/U!+ M P04 " !$@&Y)(RXJ_J4! "Q P &0 'AL+W=OP)%W);7=T]ZY8<>8K7M0W-[@ -K_:=$H M[GQJ.F8' [R))"59GF5W3'&A:57&VK.I2AR=%!J>#;&C4MS\.X#$:4\W="F\ MB*YWH<"JDJV\1BC05J F!MH]?=CL#D5 1, ? 9,]BTGP?D1\#DGS"/E:=JL[TOV2D(76 2\3!C5@3S MZE=;Y/0:/8_T_&OZ]I*^30ZWL\/O7PL4EP)%$BB20)%=&S%A#@OF\Y#L;$\5 MF"Y>'4MJ'+5+6[I6U]OYD,&PO=V]R:W-H965T6CG-"\ MV1[ D0\EM3W0WKEASYBM>U#9?=,<:%I M5<;:BZE*')T4&EX,L:-2W/P]@L3I0#=T*;R*KG>AP*J2K;Q&*-!6H"8&V@-] MW.R/14!$P&\!D[V(2?!^0GP+R<_F0+-@ 234+BAPOYSA":0,0K[Q^ZSYV3(0 M+^-%_3E.Z]V?N(4GE']$XWIO-J.D@9:/TKWB] /F$79!L$9IXY?4HW6H%@HE MBG^D5>BX3NG/_<-,NTW(9T*^$AZR:#PUBC:_<\>KTN!$[,##V6WV'FZ"B%ORG.U*?*2G8/0%281CS-F13"O?K-%3F_1\TC/OZ9OK^G;Y' [ M.]Q^+5!<"Q1)H)@%BELC)LQQP>S^:\(N]E2!Z>+5L:3&4;NTI6MUO9V/>3R3 M3WA5#KR#7]QT0EMR0N=/-AY B^C M\_N=I3T_OVLB836A?";CTVZ4BEQ."P/ M9'VEU3]02P,$% @ 1(!N20+'(\"F 0 L0, !D !X;"]W;W)K&ULA5/+;MLP$/P5@A\0RK*N6'/F*U[4-S> MX0#:_VG1*.Y\:CIF!P.\B20E69YE]TQQH6E5QMJ+J4HQHOZMSBM=W_B%IY1_A:-Z[W9 MC)(&6CY*]XK3=YA'V 7!&J6-7U*/UJ%:*)0H_IY6H>,ZI3^[;*;=)N0S(5\) MCY' 4J-H\RMWO"H-3L0./)S=9N_A)HAX9>*]63]VU#1Q\*H\5YOBOF3G('2% M2<3CC%D1S*O?;)'36_0\TO//Z=MK^C8YW,X.'SX7**X%BB10S */MT9,F.." M^?)?$W:QIPI,%Z^.)36.VJ4M7:OK[7S*XYE\P*MRX!W\Y*83VI(3.G^R\0!: M1 >^?7:WHZ3W[V=-)+0NA \^-NE*I<3AL#R0]956_P!02P,$% @ 1(!N M25N+7R&E 0 L0, !D !X;"]W;W)K&ULC5/+ M;MLP$/P5@A\0RK*<%H8L($Y1)(< 00[MF996$A&2JY*4E?Y]^9 4NS#07L3= MU*"TVK,M9>357BZ*30\&J('97BYO<1)$X'NJ%+X4UTO0L%5I5LY35" M@;8"-3'0'NC#9G\L B("?@B8[$5,@O<3XGM(GIL#S8(%D%"[H,#]K4.U4"A1_".M0L=U2G^*?*;=)N0S(5\)7[-H/#6*-K]QQZO2X$3LP,/9 M;?8>;H*(5R;>F_5C1TT3!Z_*<[79924[!Z$K3"(>9\R*8%[]9HN'4LJ7'4+FWI M6EUOYT,\1/8)K\J!=_#"32>T)2=T_F3C ;2(#GS[[&Y'2>_?SYI(:%T(O_C8 MI"N5$H?#\D#65UK] 5!+ P04 " !$@&Y)]>(*5:4! "Q P &0 'AL M+W=O=I_=9'(1MB?83L/^/;XDH5U5XB6>F9QSYHPOQ83ZW70 EGQ*H=M8. M.\9,U8'DY@8'4.Y/@UIRZU+=,C-HX'4@2<'2)+EEDO>*ED6HO>JRP-&*7L&K M)F:4DNM_!Q X[>F&+H6WONVL+["R8"NO[B4HTZ,B&IH]?=CL#IE'!,"?'B9S M%A/O_8CX[I.7>D\3;P$$5-8K<+>L^=W2$\_C1?TI3.O<'[F! M1Q1_^]IVSFQ"20T-'X5]P^D9YA%R+UBA,.%+JM%8E N%$LD_X]JKL$[Q3Y[. MM.N$=":D*^$^"<9CHV#S%[>\+#1.Q S& M'-&ZDPT'T"!:<.V3FYR2SKV?-1'06!_>N5C'*Q43B\/R0-976GX!4$L#!!0 M ( $2 ;DF9'C,4I@$ +$# 9 >&PO=V]R:W-H965T6CG-"\VA[ D3U# R5[$)'@_(;Z&Y&=SH%FP !)J%Q2X M7\[P!%(&(=_X[ZSYWC(0+^-%_7N;$9) RT?I7O!Z0?, M(^R"8(W2QB^I1^M0+11*%']+J]!QG=*?73[3;A.*F5"LA(PTT0\[-^[*AIXN!5>:[RW4/)SD'H"I.(QQFS(IA7O]FB MH+?H1:07G],WU_1- M'4MJ'+5+6[I6U]OY6,0S>8=7Y< [^,5-)[0E)W3^9.,!M(@.?/OL;D=)[]_/ MFDAH70B_^-BD*Y42A\/R0-976OT'4$L#!!0 ( $2 ;DG44,G0I $ +$# M 9 >&PO=V]R:W-H965T,CW)&_6YZ $L^ ME!S,GO;6CCO&3-V#XN8&1QCS\BOOODI=G3Q+< $FKK%;A;3O $4GHA9_Q[T?RR],3S>%7_ M'J9UW1^Y@2>4OT1C>]=L0DD#+9^D?#0*;7[CEE>EQIF8D?NS2W<.KKV(4R:N-^/& M#IHZ#%Z5IRJ]RTIV\D(7F$@\+)@-P9SZ58N,7J-G@9[]FYY?TO/881[=\__P M+RX%BBA0+"/FUT:,F,.**?XR86=[JD!WX>H84N,TV+BE6W6[G8]9.),O>%6. MO(,?7'=B,.2(UIUL.( 6T8*S3VYN*>G=^]D2":WUX;V+=;Q2,;$XK@]D>Z75 M)U!+ P04 " !$@&Y).1#_(K ! 6! &0 'AL+W=OC^?7T!FE1H\X(]XW.9T=CD@]+OI@6PZ%-P:?:XM;;;$6+*%@0U-ZH#Z4YJ MI06U+M0-,9T&6@62X"1-DBT1E$EYSX M$H!#:;T"=O:GB"L8508:FX"5]4]L8J,5$P$O0SKDR&=8@G=\E(6R:D(R']02#1*)3Y MFUI:Y%H-R'34SVZU]TD6S3) M1H&[_YA,F%\_3,C9X 3H)MQ/@TK52QOG-F?G)W"?AL%_PXN\HPW\H;IATJ"C MLN[ZA"G72EEP]LE-AE'K'ND<<*BMW]ZZO8[W-@96==,KG'\%Q1=02P,$% M @ 1(!N26$T?,BF 0 L0, !D !X;"]W;W)K&ULA5/+;MLP$/P5@A\02K+=M(8L($X1M(<"00[MF996$A&2JY"4E?Y]^9 4 MNS"0B[B[FIF=Y:.N6'/F*U[4-S>X0#:_VG1*.Y\:CIF M!P.\B20E69%E7YCB0M.JC+5G4Y4X.BDT/!MB1Z6X^7L$B=.!YG0IO(BN=Z' MJI*MO$8HT%:@)@;: WW(]\=M0$3 ;P&3O8A)\'Y"? W)S^9 LV !)-0N*'"_ MG.$1I Q"OO';K/G1,A OXT7]*4[KW9^XA4>4?T3C>F\VHZ2!EH_2O>#T ^81 M=D&P1FGCE]2C=:@6"B6*OZ=5Z+A.Z<\NGVFW"<5,*%;"URP:3XVBS>_<\:HT M.!$[\'!V^=[#31#QRL1[LW[LJ&GBX%5YKO+[K&3G('2%2<3CC%D1S*O?;%'0 M6_0BTHO/Z9MK^B8YW*3NFV^?"VRO!;9)8#N/F-\:,6&."^9_E^QB3Q68+EX= M2VH&ULA5/;;J,P$/T5RQ]0$R!M M%1&DIJNJ^[!2U8?VV8$!K-H,:YO0_?OU!6A21>H+GAG..7/&EV)"_6$Z $L^ ME>S-GG;6#CO&3-6!XN8&!^C=GP:UXM:ENF5FT,#K0%*2I4ERRQ07/2V+4'O1 M98&CE:*'%TW,J!37_PX@<=K3#5T*KZ+MK"^PLF KKQ8*>B.P)QJ:/7W8[ ZY M1P3 FX#)G,7$>S\B?OCD=[VGB;< $BKK%;A;3O (4GHAU_COK/G5TA//XT7] M*4SKW!^Y@4>4[Z*VG3.;4%)#PT=I7W%ZAGF$K1>L4)KP)=5H+*J%0HGBGW$5 M?5BG^.?V?J9=)Z0S(5T)]TDP'AL%F[^XY66A<2)FX/[L-CL'UU[$*1/GS;BQ M@Z8.@Y?%J=S<904[>:$+3"0>9LR*8$[]:HN47J.G@9[^3,\NZ5ETF,7N>?:S M0'XID$>!?!XQOS9BQ!P6S/9;$W:VIPIT&ZZ.(16.O8U;NE;7V_F0AC/Y@I?% MP%OXPW4K>D..:-W)A@-H$"VX]LG-EI+.O9\UD=!8']ZY6,&ULC53;;J,P$/T5RQ]0$T)"-B)(35?5[L-*51]VGQT8+JJ- MJ6U"]^_7-VA2H61?\(PYEQGP.!N%?%,-@$8?G'7J@!NM^STAJFB 4_4@>NC, MFTI(3K5)94U4+X&6CL09B:-H2SAM.YQG;N]%YID8-&L[>)%(#9Q3^?<(3(P' MO,+3QFM;-]IND#PC,Z]L.72J%1V24!WPXVI_3"W" 7ZW,*J+&-G:3T*\V>1G M><"1+0$8%-HJ4+.,/""ULK& AF')/5 Q*"SY1,.+TPZ]MY];1O]E%@;9,B ,A_D(@ MWLB5^9UJFF=2C$CUU/Z[U=[ I14QRLC4IDS;3E.ZQO/LG*_2;4;.5N@*XXG' M@)D1Q*@O6L1XB1X[>GR?OKZFKWV%:^^>I/<%DFN!Q LDH<5TJ46/.4Z8W7V3 MS:+))@A\NV$2,+OHOLEVT60;!%8W3";,?WSO=-$D#0+K&R83)OEB0BZ.( =9 MNTE3J!!#I_T)G'?G87Z,W1'^A.=93VOX167==@J=A#:#X,YK)80&8Q\];#!J MS'4S)PPJ;&ULC5/);MLP$/T5@A\0 MRK(=!X8L($Y0M(<"00[MF99&$A&2HY"4E?Y]N4B*'1AH+^+,Z"TS7(H1S9OM M !SY4%+; ^V,V:H#Q>T=]J#]GP:-XLZGIF6V-\#K2%*2Y5EVSQ07FI9% MK+V8LL#!2:'AQ1 [*,7-GR-(' ]T1>?"JV@[%PJL+-C"JX4";05J8J YT,?5 M_K@)B CX)6"T%S$)O9\0WT+RHS[0++0 $BH7%+A?SO $4@8A;_P^:7Y:!N)E M/*M_B]/Z[D_+X':81MD&P0FGCEU2#=:AF"B6* M?Z15Z+B.Z<]N/=%N$_*)D"^$ARPVGHQBF\_<\;(P.!+;\W!VJ[V'FR#BE8GO MS?JQHZ:)@Y?%N5P]; MV#D)7F$0\3I@%P;SZ38N/5L:3"0;NTI4MUN9V/>3R3 M3WA9]+R%G]RT0EMR0N=/-AY @^C VV=W6THZ_WZ61$+C0KCSL4E7*B4.^_F! M+*^T_ M02P,$% @ 1(!N2>/D!<2H 0 L0, !D !X;"]W;W)K&ULA5/;3N,P$/T5RQ^ T[2%4J61*"O$/JR$>-A]=I-) M8F%[@NTT\/?XDH9V58F7>&9RSIDSOA0CFC?; 3CRH:2V.]HYUV\9LU4'BML; M[$'[/PT:Q9U/3; M45)#PP?I7G%\AFF$=1"L4-KX)=5@':H3A1+%/](J=%S'].=N.=&N$_*)D,^$ M31:-IT;1YB_N>%D8'(GM>3B[Q=;#31#QRL1[LW[LJ&GBX&5Q+!>;3<&.0>@" MDXC["3,CF%>_VB*GU^AYI.<_TY>7]&5RN$S=U^N?!5:7 JLDL)I&O+\V8L+L M)\Q]]E\3=K:G"DP;KXXE%0[:I2V=J_/M?,CCF7S#RZ+G+?SAIA7:D@,Z?[+Q M !I$![Y]=K.FI//O9TXD-"Z$=SXVZ4JEQ&%_>B#S*RV_ %!+ P04 " !$ M@&Y)="G-.@ " "!@ &0 'AL+W=OI3%HL7UI-.?:D8;[%40[X'HN<$ MET;44A %00):W'1^D9NY=U[D["!ITY%W[HE#VV+^;TDH&Q9^Z(\3'\V^EGH" M%#DXZW.PC)VE'B>RW^LFW3F7:P7[+ R:8%D1-$)T$([PIB)XB? M%4 G@,\*D!.@*P&PM9N56V.)BYRSP1,]UK]3.%@VLK8(@K>1S9C+=R2@ZI@L)KHL)K;%1,X@ M?FP07QI :Q [@ZLL.\.D=C4< [- /X\CP&R23NYD\OYOI9 :I,TBG M_CG++$EDEU+LWQJ1B31'D$+RJ)6EW(IP$EE=3= M5&=G[R@[D*P?;]S3M5_\!U!+ P04 " !$@&Y)R=T-FDH" #0" &0 M 'AL+W=O=>?[?A.$FH%0LI/: JO+F92$4NVD9O[M3/_- MJ0.OVX/[5Y.NPM]B04I&?]5[62G:, ![?8&:!Y@\1+D#B#NRQ;HUG:.@R:&&7CJM*J$%HF M#\"D7IC46&2);Y:%94FG6:RJ3/^'9>&M[&*8:-Y@Z4UFZ0RFLK&:<"*3>\4H M1.:%R.8KFLTRW"M&&59>AI4KQ -O"0J]S\(,/[C,$?)"(#2UT%TIG&BJ%I\D MXR#^5QY%\X_$:28Y[B7C'/Z= \6/+W#DWSM0\L 2=R*49*'^3:7DE/'J5CF. MY=]%T-0VXK8TIYFB0@=7.IVMP>N+8C63=\/UP^8HJ_4$L#!!0 ( $2 ;DFO4J77 MR $ (4$ 9 >&PO=V]R:W-H965TE MWTP'8-&[X-+L<6?ML"/$U!T(9A[4 -*=-$H+9MU2M\0,&M@ID 0G*:4%$:R7 MN"K#WHNN2C5:WDMXT.TQ]1' ZU]0K,#6=X!LZ]D#/^,VM^ M6'KB]?RB_BU4Z](?F8%GQ7_W)]NYL!2C$S1LY/953=]A+B'W@K7B)GQ1/1JK MQ(6"D6#O<>QE&*=X\DAGVCHAG0GI0DAC\&@48GYEEE6E5A,R _/_+MDYN/8B M3AFY;,:5'31U*+PJSU5*BY*E0-KX2?3 M;2\-.BKKNC4T5:.4!9>!/N08=>Y-6!8<&NNG6S?7\9K$A57#Y=(O+T_U#U!+ M P04 " !$@&Y)7:7VPZ@" !/"0 &0 'AL+W=O1^'2:[2@U+'ARR3FP,;J?S"CVS2 M;W9]".G";QLS^[?['0U_@N5K./# M[WZK#IH6I,F6[>AI4,_\_)WY.6!CN.&#M+_)YB05'^>0-!GINWOVDWV>W1N, M?%@X /D M 0L><(!N0_(/P(*.U-'9N?UE2K:-H*?$WFDYM^&#UHNC(EV3O1D MI%XGZRGL2K7-6XL@:K(W8W2E05:S=AJX*#+M'DR!TE X1D-<1-PVE*#.'GHLZ)"ECAVR@XB((]"@YE M*1V*TX#/%9U3U'5UQYJ608[2MF556BVS!5$*;R,)%)KYVF(@0'-Y6'<2I8@!S?L6/J($WM:>H(C=/ M$N9U'>-Q.@()('=\3! $@>RP)D*1';KVHJ(N\M@>ZQ9=69?5'4@PC.3/.13\ M>&F@LHLZ-3*QM_5;)AM^FI2K(N-)5U!:['>>*:3;P!:?)0=]NEL[ =LHTB6X+ M5^]=1_'C?'U9[E#M/U!+ P04 " !$@&Y)PT&1#9 $ #"&P &0 'AL M+W=OS2FBWZ4 M1=4^Q\>N.S\E2;L]FC)OO]1G4_6_[.NFS+O^LCDD[;DQ^6X<5!8)3U.=E/FI MBM>K\=[79KVJ+UUQJLS7)FHO99DW_[V:HKX^QRRV-[Z=#L=NN)&L5\EMW.Y4 MFJH]U574F/US_,*>-EH-D!'Q]\E\[]D]*?/8>#' M 8(&B%\&)!.S,:[?\BY?KYKZ&K7G?'C:[*F'-X.1WG+4!]/V>1IM-F.FUJOW M->=RE;P/ANXP?,2\3ACF1FRL%77#)#T#2(/'R 6?#*29Q\EGC-.)N')@+ MZ&0Q&1#IO9-JQ&23DPDCN,XR[89M;J:XUOHQGR7DLR0C<)I3T!;#'SMA*?0R MWAY,B 3##Y>QL*?+^.8!4E)0-53L#>0'1,XI3(&2G! MJF,J)"46!,N436(XQ61SU@2.5X3 MN0PHY 12:?_G*>0$T^(.YV:$II2$KG2 MY(HA5Y]G)<:Y*6&U2JM67[$D4'"QE+CYE21K%= _2]S\RAG-K\1"E%:(WA=; MNZSZBB4 N2N&TJ!EIP9)6)$2=>B1] P6LG@JK564AZ2<9 M/DH_@KD)8;$J;]]M93*S[U:X[U;VZY0GJE<"/0R>8$P$,=*X2&@2M@YH9C3^ MV*5G?.S2>#G7/*##(!![)$J,3%M,TT57G^V.V6W;;OT_4$L#!!0 ( $2 ;DD'U6FS[0$ %H% M 9 >&PO=V]R:W-H965T?^8_NJJ-?0;JE@E^)^NUJV!11&H64/W7'^(Z8V%$E(;N!5ZK\!*\6) TOBVK@HSD*"&/:<@L#0GE MY'/K9![':]!M1>45\7*)T&.0=!8D#2"+.R!>DRUQ?@>W\JH8YRG"CVFR69HL MT"SO[%(6-C+/\2QTV*4@6Q*27/\S\.P8C'3'?E&YZP8%-D*;$^5^_$8(S4P, M>DHCT)J+[C3@K-&VFYN^]&??#[08CS?9Z3HM_P-02P,$% @ 1(!N29Y[ MW*RY 0 0@0 !D !X;"]W;W)K&ULC53);MLP M$/T5@A\0:K5K0Q:0J"C:0X$@A_9,6R-+"!>5I*WT[\M-JATX;B_BS/"]QS=< M5$U2O>H>P* WSH3>X=Z8<4N(/O3 J7Z0(P@[TTG%J;&I.A(]*J"M)W%&LB19 M$4X'@>O*UYY57][*5]=\JW=X<19 8'XQ2H'<[0 &-.R"[\ M*VK^7=(1+^-9_8OOUKK?4PV-9#^'UO36;()1"QT],?,BIZ\06RB=X$$R[;_H M<-)&\IF"$:=O81R$'ZO01L#D>9$E'Z.:6:G,_Z.; MXJ:9(DID=\Q$3%DF^1W/382EFV*S>6>'7!SW2(_PG:KC(#3:2V-OCC_@3DH# M5B9Y*#'J[8->$@:=<>':QBK<\9 8. MP=8(/P( &T' 9 >&PO=V]R:W-H965T9>&U/E92+\"R@#UO7U/< MB)HU@./#PGL.YIM<(PS@=XT[<34&.ON6L3<]^;E?>+Z.@ G>2:V U..,5Y@0 M+:2,_SK-#TM-O!Y?U+^;:E7Z+1)XQB\K%=;WP!X?T(G(5];]P*Z$1 ON M&!'F&^Q.0C)ZH7B HG?[K!OS[.R;W'>T84+H"&%/B*))0N0(44\(@TE"[ CQ MHPZ)(R2?'*"MW>S<&DE4%IQU0+1(_YR"N8)S+:*4@=HNH4[":')S%F5Q+L,L M*N!9"]U@0H-96DPR 5E;2- CH HPF"+TAAQ"ER(>MUA=,,E$C =T-E]U1L-& MMV$CNV61$TCO"\2W K$5B)U =INR,9C,5F(Q033S]>>^4S+HE#BG?-QI:3'! MK<\7V,K"OL6CN-0&M[C9';F-DTL>+"\=+"]UY&PO=V]R:W-H965TH49@%0I,HVW_?W$#M1,0'2<)W.>,8(/FM34 M 0S#)&APU?I%KM?>69'3LZBKEKPSCY^;!K._:U+3?N4#?UCXJ$ZE4 M!D0BKB[7A0_Z;3E>'O,"<;6O^N#J*4T8:^=R!'?*[%!^V_ M$YM#K 3WM.;ZW]N?N:#-0/&]!G^99]7J9V_>+$)+ZT@+Z+#HU%&CVVV%C, CW&; ?,A,[; M@(F?!XON@T6F'L@*),\%HGN!R A$5B!U16DPZP&S>&X2.TUB*Y#=F[0:DYI2 M6 P"H?H]=TJ<3HE1R4*74V+2,1B D@G09@#!&:&DSE!2&\J,@[AP[NUB_MYF MS@@R&P%\7/9M9O.,9Y8=A$XKO:R\T&.O]0!"()IQE !P.]DK((LFMMB"TCF[ M!Z#;QWZ;63R5$7S@$]Q<;@UA)]U6N+>GYU:8NVU<'5O7J^YY!T^D9^8 MG:J6>SLJY!6K;\(CI8)(__!%IE#*YCI.:G(4:IBJW$R[,1-!NZ%[CBV\^ =0 M2P,$% @ 1(!N2=9]*4FF @ C@D !D !X;"]W;W)K&ULC99=DYHP%(;_"L/]"@D0P4%FU$ZGO>C,SEZTUUF-RBP0F\1U M^^^;CP.K;4!O)(GO><^3[Y07+M[DD3$5?+1-)Y?A4:G3(HKD]LA:*F?\Q#K] MSYZ+EBI=%8=(G@2C.QO4-A&.8Q*UM.["JK1MSZ(J^5DU=<>>12#/;4O%GS5K M^&49HK!O>*D/1V4:HJJ,AKA=W;).UKP+!-LOPQ5:;%!J)%;QLV87>54.#/PK MYV^F\GVW#&/#P!JV5<:"ZL\[V["F,4XZ\V\P_FY42_\\HU!'S)CN.6-M+_!]BP5;_N0,&CIA_O6G?U>W#^D M#_,'8 C 0P":#D@@(/D,(+:GCLSVZPM5M"H%OP3R1,ULHX66"V.BG0/=&:G' MR7H*.U)5^5[A@I31NS&ZT6"K63L-&E=L>I?YH(DT@1<#A[X4V!E,I !%=C]# MV92S($$3Y#, M[PZ*4SRA BNK%&@PKL'"@!*[QN@V-LEVVPL M,A]K >>%$Z$9\8G,"6O/#*?",_+ ED3(CX, QYL)AAA$WM%%"&! ,WN$!?M9 M,+#,O8GZL]2IGN*9=P1AMD'UP$2CQ ^3 $P^-3#)Q,#T)WL"VW9VM;G':?Q' M)TJ!QGMVPH)8@THO&^\Q4@!0^M_B<*Z;SZWD+@Z-^' V5ANV5*&PO M=V]R:W-H965T&8B_C_K2W+P.>O&OQKSU;[YOG\.XUZ +O6G[$GGW M]*[7NBCZ2MW,_[JB'W/V V]?C]7_');;R7_-&[TVQ3_';7OHU,9AL-6[_%RT MO\SE+^W6(/N"&U,TP]]@R&X0/ #8#K *8F M!W W@'\,$,-*K;)A77_D;;Y:UN82-*>\/]OLJ@6TW3?TU"S'KZI MU?)]Q5F\C-[[0G<,#,PWR[ K$775T2D@Q(;#,!S\$ZP=(>=GX/4"_*(:+&N-%8;]^X42-$.%L M,,#G 5Q3"_(#Q%F"38] IE,Y9 .;\D M/$>8HMA4$26AG%]2@DM**"8=H8PP#QY@S,4.4*1FN$DSNDD!SPF(*29U%%O< MS(28%,/\@O", $8PJ8-8S.-I2WA OR@\4 (-G40090%5:JZ!T$3QS5Q@D]' M""@G!(\Q$'2?@D1]"O(!G^)! 8KD4TO%BP0]45>?(IA?$!X3D%!\:B&9B1E' MH)Q?$IXHD%))N=C".;\D/$ZX()C40?.2W%41,4DY?EW$)<&D M(P2$R.!XAG&784#HFCC>-O$'^B:.IP2?[IRX6V[ZJ#IP2M_D M( 9JS@PXZ._]\2@1E,[)02G/NL=4]V\YP>XXOR3\FDA0^J81HNR;"#R_!- - M*O"^23RR^>+9?9GLFS*W6N'^A4] :P3RB\&S05!Z)@>I-)W9"[)< BEI+TC@ M,2(H/9.#A)!"J2E)E@,!"2X'W3.*!GDGB M"2&G>R:7H(Z:3- OC%\*G@R2TBV-T$Q^HIA?$!XADM(I.0CF!(T-%4T0?@DD M*6W2",'G/:?H9A.]U/5^N+G0!!MSKEJ[AWX]>KV!\0+#)OP'OEJ>\KW^D=?[ M8]4$KZ9M33GLN.^,:74W?Q=087#0^?;ZIM"[MG^9=*]K>]/!OFG-:;R'&PO=V]R:W-H965T M<[3O"M1R'?5$NI!N^<]6J3M%H/ZS15^Y9RHA9B MH+UY]6)'DAZW"1/V7J;02MQBE\='=7-'-CP M.R'>[.+'89- FX$RNM?6@ICA0I\I8];)D/\$TP^F+;R=7]V_N>.:^#NBZ+-@ MO[N#;DU:F( #/9(STZ]B_$[#&0IKN!=,N5^P/RLM^+4D 9R\^['KW3CZ)_DJ ME,4+4"A 4P%&+K@'N9A?B29-+<4(U$#LQ\O61BZMB7$&)ILRQW:>TAV\J2\- M1LLZO5BC.XTOW'I--BE2XQY%H"16C@)B-6^ [PVPSXB] 8;S!OF]0>X-\F"0 MW1^R=YK2I_0:!#',<#D/*J*@(H#0 Y#7?,EP4>7P$R^UC)+*0,(/2%Y35JC" MQ3RGBK[[*G#R>8-E-.@R&!2QH/;RV*1>!!>?P:RBF%7 E%%,^">NKICE/":# M48[;MJ#JT7F""B[0_R\^O;FDG,J3ZT4*[,6YU_Z.3KM3OWORE_Q#WM0#.=&? M1)ZZ7H&=T*95N!M]%$)3$P NB@2TIB-/"T:/VDXK,Y>^1_F%%L.UY4Y]O_D' M4$L#!!0 ( $2 ;DG0:5N)XP$ $D% 9 >&PO=V]R:W-H965TL8&;%+<=LY>6;6WGB>L4&2MH,WCL1 *>;_SD#8>'+V MSKSPWM:-U MNGKE+7=E2Z$3+.L2A.CE/^^,YU0D3^-W"*&[&2/=^8>Q#3WZ6 M)\?3+0"!0FH"5H\K/ ,A&J3$?R?FEU(7WHYG^HO9K>K^@@4\,_*G+66CFO4< M5$*%!R+?V?@*TQ8B#2P8$>87%8.0C,XE#J+XTS[;SCQ'^R8Y3&7K!?Y4X"\% M?FP:MR+3Y@\L<9YQ-B+18_W?[8\JSC5$D9'J3:AM&R8W&\^S:QX$:>9>->@N M8PO/-N,?DB7C*OZJQ'?6 /XD.6P#@GM 8+L,+"#TM@'A/2"T@' "[->V:3/G M.>-O2Z)5230!@@>2.1-N2^)523P!H@>2.1-O2Y)523(!D@>2.9-N2])523H! M#O>2SF0.5F(SWNZ[Q+WYUBGPVAQI@0HV=-)^ZLOJ:L?,7SK,IV(ED_7US+[9G_!U!+ M P04 " !$@&Y)^J^6J1 # #F# &0 'AL+W=OQ9XQ&;QW;2_FX5[*PRR*Q'K/NEI\XP?6 MJW^V?.AJJ1Z'720. ZLWQJAK(X)0&G5UTX=5:=:>AJKD1]DV/7L: G'LNGKX MMV M/\U#'(X+S\UN+_5"5)71V6[3=*P7#>^#@6WGX0.>K4BL(0;QNV$G\>$^ MT.)?.'_5#S\W\Q!I#:QE:ZE=U.KRQI:L;;4GQ?P7G%XXM>''^]'[=Q.NDO]2 M"[;D[9]F(_=*+0J##=O6QU8^\],/!C$DVN&:M\+\!NNCD+P;3<*@J]_MM>G- M]63_R1&8N0T(&)"S WD:L+,KE"WA25.$4E("J;$)5XBTJ^*BIU MBDI!U 35PF+0A&R+(%B='83N2\F<4C*04KB.EL6L )-ZD.1.DAP<8%N60AL: M03X\V,T#[2Y-IGA&4.K!0]P\T&/2B6): (@BA*8.+\ \DHACMQCH5ZFSB.!0 M 0@G%/ELK[NO86AL:3'%1+WC<3N @T<^Z/")WT6E!>4W",@,/%R60+(^]U!W#5(H :SB<:^!!!55#C^1!5]&.XZ-NS,6"V"-3_VT@Y5 MY]7SZ/Y ]'#X:7V!9TL[@%_<5.6AWK%?];!K>A&\<*E&3S,A;CF73$E#WU1T M>_71<7YHV5;JVTR';<=P^R#Y8?RJ.'_:5/\!4$L#!!0 ( $2 ;DF6J($5 MSP, ( 1 9 >&PO=V]R:W-H965TE5E>A:OE4/:M62WK:U?DE?S6!.VU++/FW[4LZMMK".%8\#T_ MG;N^(%HMHRGND)>R:O.Z"AIY? V_PF*'<8\,Q-^YO+5W]T%O_JVN?_8/?QY> M0]1[D(7<=[U$IB[O1N^]T"<&#\Q:,XRXD50C,!&1 M,F!U@4-;#7@(]WC8&(*YD:U&&/78?%K/[C<1YYN0SV]"='L2TY[DN0#]+$"U M -4"\-EC-2!"MY9&&,.((NH!-W/!U $ZK3.K=::M(UM%.FZM$ZC-*(1B MXJ92FY;3,;R9B 1@ME[Q9C6'.FRU'@\J@GFL:^0%&*8L3CS61Q @21Y3V/T MWXX@0H+Z%%,#G&.ZQ#"^K_8YDOZ&N*UBNU7\/,<8)D%)['-K*,9].<:FY?9,[)[)C"QC M(*"44>H;\@;D@#@0ST>4.A3=[NWS$=#GJ<8PH&IB5/C,4V,>&/?U3NI0=)NW MSTC GB<;P[Q@E=0>%P_WX-: L4#>$6/D$F",>[ZHW0@21#";\_W;IS 8YS ^ M0T+84XCX'RG$GM0AGI%"XJ?+D7&8S"53%^GV;\_#D,S(*YH!@;!O.C481LRW MQDFM:NYE,[+:QFA&:C$0(QC%/N,C)Q(F/!]Q:M=S6[=/.AB>YQ7#,-8OE:AG M-MY,9*Q& ?%E%I>FV[]])L+8DUK,0MTP+X"IX/9D;=8G$XE +<0\*YET)!EP M1HBUW\T*920)42N9Y#&)1G>[Q5(VIV%CWP;[^EIU>G,SE4Z'!U^'LX.'\C4L MMF I3V&QTT<#'_*KY24[R;^RYI17;?!6=VJ/.VQ%CW7=264:?5&;X;/,#M-# M(8]=?RO4?:,/"/1#5U_&\X[IT&7U'U!+ P04 " !$@&Y)ICRPN<4# "Y M$P &0 'AL+W=OKG&*?NB .57GE'$=8:]O MMOO1GXT9DI]-W?9/Z7D8+JLLZ_=GTY3])WLQK7MRM%U3#NZV.V7]I3/E80IJ MZHP1HK*FK-ITLY[&OG6;M;T.==6:;UW27YNF[/[;FMK>GE*:S@/?J]-Y& >R MS3J[QQVJQK1]9=ND,\>G]#-=[7@Q0B;$WY6Y]6^NDU'\L[4_QIL_#T\I&368 MVNR',47I?E[,SM3UF,DQ_QN2OG*.@6^OY^Q?IG*=_.>R-SM;_U,=AK-32]+D M8([EM1Z^V]M7$VJ08\*]K?OI?[*_]H-MYI T:(Q43 M0CWF*4">8LJ1BPB-AU MA:0*\8HH 9FF85=2CEBYE(+]12F^P2@#7R!ET18+ M)0<4@ M5&*Z.J"B6N0"+;#!4(5I_("*:E$+M&BXD33"&P(H*D4OD *[%,T?VT? 8-9O MOD 0;&>T""D0QLL(:#*,X$V&47"U,(HQF8"*S4B \)PCM,"&QQC&9 )*,)K+ MJ""V0!#L>HQC+":@!%,%X3%!?($@V/.8P/A,0 G."&PZQ8*] P&7#2<8UPDHQ$<8A\V-4XRA!!2EHF"(_0.'S8LSC%<$ M%)KK-WLOCK&!@$)SP9;#!:;# PK-)<'%R26B>0,(307[!%>1OIQWKV$;IH5" M,;W=ATTP=AI,&?(+SXX"< SPSZ=>.6O3G<:$QWFLY\ M^F1OK^W@=_3W47^NM*6KW70*],NXFZC5SDW6QR>N2/@D4*B1RB&?L>IQX%]O6A0E6E>R$JX4";05J8J!9TOO18E6$BECP(:"W9S$)WM>(7R%Y MJ9']F?8K?>_9I;>$#Y*6K7>K,9 M)34T?"?=._;/,+0P"80;E#;^R69G':HCA!+%#VD4.HY]6IE,!]AU0#X \A,@ M3\:34+3YR!VO2H,]L1T/9S=:^'(32#PS\=ZL;SMRFMAX5>ZK\7Q6LGT@NJA) MP%6JR;._&N;YKXKDER)%$LD'D>PVP?B28)P(QHE@-K]-4%QU4 P.YI=MZE@S M2VVFFE$QS\+W3XF=;6['M_#*S59H2];H_#G%[6P0'7BB[&Y"2>M?PRF1T+@0 MSGQLT@5)B-U/;Z[Z!5!+ P04 " !$@&Y)=1K(K_,! "O!0 &0 M 'AL+W=OL3)%FQR]X$>_CG^V<09 M[Q2M&W@62':,$?'O )3WNV 1#(&7^E(I$\!YAL>\LF;0R)HW2,!Y%^P7VV-J M%%;PNX9>WJV1J?W$^:O9_"QW06A* J%,@2B'UN;-TB3>KP?Z M=]NMKOY$)!PY_5.7JM+%A@$JX4PZJEYX_P-\"TL#+#B5]A<5G52<#2D!8N3- M/>O&/GOW)AG2IA,BGQ"-"8O/$V*?$-\2$MNIJ\SV]8THDF>"]TBVQ/S9BZV6 M"P/19*2;D?J<+%/8D\JS:QYOT@Q?#>A!$UG-P6O2<-1@S9\TB8(I0.0!BX]- MCH,FFC>)'TT2UTGL ?$\('D$N. ^\8!D'K"*[B\! 7.R MD*C@7:/<)SI&QQFTC\Q%>A<_Z-GD1LD-DVDY;BB(VBK?#>!QG=/X?4$L#!!0 ( $2 ;DDQ M:]#19BD "BQ 4 >&PO97[,/6#^(_?+5)DMV+Y\_CY89OW?@RW/$ WCR%T=9-X,]H_3S>1=Q= MQ1O.DZW_O-5H])YO72_XZMMO8N_;;Y)OK\-ENN5!PD;!BHV#Q$OV;!*($;PP M8!7K-UP6*O1[)5?3L-W MEZS1L;_,X-&!^/'6"SB;)'P;___*#O/]CI=?-AL7?RH_&T'K%?6X\=UU^>V3 MZ\?&,-D<#SSR0L33BEV[B=%.+?L??O>[VK7=>/'2]=D/W(W8#3PTL%MN*>>U MMOU3N_Q$;N,C7WMQ$KDPS-3=&L!.IO/QXW0TG]Q/1[=L?O_]^)&]GMS>LKO) M=#QCM_/KBG&O + (@)K SG]@_\SWY797:125EUF%LHN+9NNBW:R8ZL;S><2N MH-\ZC(QY9EO7Q_>/?!=&B1>LV56XW;F!T7 >N2M\/=MO%Z%OO'U]5[72<+L% M\ILEX?*MPV;$".P^3>+$#7! 8^'WT^OQ=#:^9O"_V?WMY'HTAS]>CFY'TZLQ MF[T>C^N#^T, M,GF(^,[U5HQ_ "$1PSJP4YAL>&3@(TQ@UY9R$]TXYK;10-9$@"(^ M06CP/DH!CIHAKH'+WH'$><>S5B8I%9!3,]@T#"Z.:";&JVE 5+<)_16/XG\B M5)M 41N@ ,*VPX(0D! Q((24?\W<--F$$>U!M]%P&N*?%.M?LV:SY[2;;:?7 M'LAGS(MCQ!012$[LS$T84"C?+H#E%)52(QJB>^00(",3.4:%?K@"Q1)YBS2! M >(TVOFFS(/-3+>I[V(3HF$@J2UHN@V0-FZ?%\#?IACG3][2,ZA4;$%\!)Z- MS:(%'M/S.,EP]N BO6QXXH'@/ =)\8P]KU# 1=DT#1GT9=_AEM>WE%)LE%'% M, JXN+]A]P_C1])/,S::8H^[A\?Q:^@^ M^6[,;N]G-:*T?;1Y8@C:>Q!L+FD3)2HM!!JG/C5YXC8Q I2X],AT,90N] 2- MO#2U.H!1EQLW6%NPGW @W:1"<+P)P(@6:FQ=''B5 MJ8PZ0"L6>]Q2IAP4",R'BV#0A>W(&+3/9Q.#3(![_**V;O26)ZA$63X ME/K^'I;@D[:AKM!%B%R#B&$Q&VP&%!X!0;,@)3T6/BFM%WXFP7?U>C1]!3;X M9 J:800R[_[V>OPX^RC[RS 70WD7LUC*/ MXNF:)=;JJ(HEUO89?^#1THLYTFNX(W;4^Q^)[6-!J>TS 2_-B\C!!6!.PIQE M%29%@5L8+D7HX"D*M["C!RW*"LP;QND1F#<-VI-X?S1[S6YN[[^OL6YR$V6T M!-UC1=3M83$(/,\\#*J QP".'HCQ)0V*KN0+*X=X@JBT!"=C,&+6QB"\<$VBHC$@X8/RMO0"%/ )1H\^K1^#H4-;U?36>@M-P M"\QU<_]X1]X#>$>C^9O'L<6E>'4_F;Y"KKP:/TX-+HO6;N#]0E3N,#3Z0]]; M";&"T#T \P-4X@$ ):D -.8,'G(4;Z#,1@N,P2T30YU-W22-B!SN,_N(_3CG M'Q+V$L37VW('C/F^B'?NDO_AJQU.';WC7WW+/F'!C,S>P)5Z?QZ^!QW^VO-] MAKY&S&Z3U24[^^N?_V,R?_W7/_\GD\+D*QEE^^HLPUW<6_1<6'N:@4K MQ# ":[4;C8MFL]]GWZ.!_MHE,H\!QQ'GB0,N+P"0@D7FU,QUS$)!2<1>G!#4 ML&#:8G!4V'MP[<%&#-\'I#T6L;?RW B=__(X#IH\ F/0?^2[\5L7\';.SMQ M_LD4L@"2<\>$Y.S-[)S=WEZI0=[,Y "X*.BW"D%P;;U$$V![$L> 11CO%H1K ML Y#($X?""720;I]F*BQIOP=H*4$"ZYWT&PWVAV %>ROQ)4$0,"+!WJ/P@X* M2J"=7Z0Q+H7P2$&_"/;+D=XJ23$,&6)P2HC5;=&O]1"/U,0CF_*GT ,S 98% MW$*2(P)% BYFN,._H F(I[PK&/01=<-F7KP+XUS:;&$KN8!130^,"X C_GP. M.+UD(UN RJ$^:J7OW6RIF@?.P/!?"PU#UD;H@[_+FHT&8@E 3 ,W7=&^P>L5 M>GKT/RE22-4 B7I;)>TQ(I5+D0VX'" ] ?H=AG$C#'N!$&)K0,[Z L:!O0[0 M?/4 >>\WWA(U"(_3+6 $ 14J.9-4(LA*P *20 =$:Q)$>F1++C' )(P/H*:1 M,+JR[56V!2J3F'-2L$\IRC1 8VP/]14QN7%7U6H%YWK6=/K=H=-LM06-X[J3 MD#WK.9UAV^D,>M:89)$P-RZ:-X !(*&4LS4/E#[/W5)A)0J\>0F $HCM &$! MG"^[X.J"57SDXDBDH4K>8D^ILMPMVB/JKX++M2=K>)62+OZC&Z1NM&?-%HW< M9V> 8#8-8:0>"=UGS8XSD,%<"7<,"MT#X>D&B8^QH27GJ]B *+.U!;YAYV!C MESPNX@QC$4O8 L U3/P6?\,%NFGZ+"BD%?RYB8($%@&I(E5DZZ UH"T5D7H( MX3TC(."_6_!%2F&*?Y1+V4/3DT18XQWO"G85-OV2S39CZJ\)<"^+B(MBV771,"(E_VPVV M$U0CX>K67HDBZ02O^Y*9^4IA:/B/[?,%%-X^OBC-LW;UX*9<&XZ^X#YI M\"?I9']/AKWO>MM,0J -B@,#7V4T^1"%/\'6$ZVL0X!"40AM"O;06_>[+/XY MQ:=;#]"2:Q\?.1I,E;<@$QWD)=A$ED0I1=@D&4CYL97T ))P55@["'5!P\2< MY!9*-,0I6@D>X@TI%'@X?A+(+.0:#C";0**(1RZE1L\W"[P*(?)<=&+B(M4A MZ/@;;\(H>2)ZT=F'+ G,!J P\;VWW-_GE%M<%HV2(OO"^AP<$)"E(TC30)BAY"& 3H00)K MO0?=#4.\,_P6)K&0D\HKI#))=B(D)_6*U/)9E I'0:, Q(#\,616_KYW90 M.*:!D*^DN4I)Z0VR3$ M/<'^RD33-MC1@1%Q67*.D)- ;"SSK/$EZ/L8_&9NJ#9@(V06$G^HN\4+2U4,8G&TE7*B*)8G"C,RDYR#U66&$A#+EO" M*.+PL.0QT!(J)WTR *PT3XS15FVB\DJM6B/7:()@>!"FZXV*31!7A4"-->HN MLWE/%PLH@(X5#:1$R) 0::0]F-'"%I,LH>\8>&F@!A*THE=AN@ 8%Z :0#V MW)9.DR[+W%C9TDS:TH(30$ M4!ID-!/P=0CP)B+DLP6_=C> M6&01A2 @&T#8[IGN4;,""]):<-$:K&@SD[>1>4:T6@VJMT'X'EUC6), (Z/] MS,"4TA'=LS1"I"#OIER !)NDL9)C(>Z<,!5YYWK/QDT.:DV#J.OHEKQ!L+B= M;"MK+"KX23$P :M$ERGB-!C8MB8!*XJ%7BI.(P()(,5%>#7C+1(\2*A+;T?[ MA4'/XOB4%P384TPP";*G6=#C@-53A=6>N]&E=#2M_N,J)-LIXD\^04;F\4]@ MCHG7DDJ6;A21G4B5(W')4RR7/0B_$BF3EZJ*%C)&3E6':'2"Z$?Y*40",4)F MS606#GN/S(N#%AA1@Y.Y.V2O"+D$"!ZM)GT12S4D>ES0R+\T8O>CV81B[ ^/ MX]EX.J>X6$70&$%X .=\B9R=LE>C48/ M%(A" 6&"Y6EUGXC'S!CR<,(2[:*,+03?9D\ 84[$LL419KH=ZN-^V>RQ,G.W7F!#$V5K3I-YR35\DT) M-K(HY.\-L'(H,,0HMMT6$](D MI;#TI26MQYXD4@-T;K:B:BE!U23),$_VJ3%L/<1NV "07KY:G0>K\4"A+$4F M3J)<#:U;*9F74MYVA*6\[SUA,1$%8+L+;B@"("R7HJ>4",1QR0.6U&?=5PPZ MK$(>&VR'.M(/8U**5@X3X AQEL4]K7,(MD#V18.-N"+G4SEVD0ZE6?%3NEI+ MTE&!/J'_,%ZUW6G:3J16BQI3V):'E&R^3FPH#-9U7I9K]A&SK+2@HVW1CJG! M-7ADK%2,GFGVE8B_YZDW):2.PH,KO#FTM\,TQ@BE",%+TQ)?B]PRU1\I7(LH MZ@>UAKM^C 8\>I2HF3I1NW%(%J2#UEU*$D.PA[ Q1,63(-]D$\:\M&[1R@-IL4R42Z?QO\;[ M6>#[R0=[&G@]8-/PG6"L9D(! M':"XD#2'2K ?GS)3>3&'47;+8;V52QH'>,%CF:77O)L04M+LPZ29LWML=L"PR9HH!W$VTR(5*DPM$G8CVB[!(45%":1.@L5#D+)$;=FQ<3 MZ./O5:)V!7IRB;DG,NO57U\3(67SM[7YLVDHK*^$OS:G6"+9#4 :VL97). R M#*JUYN0D\/*"W=E*6]DSZ.ZTFP/XSP43-:F%1_DX&E9?,-MY$7:FTG3/J'P_ M3]1E Y<>&PLS3>J/7U>SZ?0[S<*ZM$>?LJZV,[2M*W]L5/6,'B;ST>WD_XVO MV>CJ3V\FLPDYL%?W,U/LJF+W2; "-B#5<9SX/=3Q9#%<"S:K/>'$1B)^*&L& M'.B':Y1=S]<\W&WV M,POP B3O#+O0LSFLBEQG9^7FA>AV=HX#K#$J5\TC)W,/#6579&#!5DUT MK0L2MMELL[>>'VXQ_16SLWZ#$K#Q.7JXR>8]%DIA01I(EH4;O 6U+XPNY13) MB?6*)\K8^IRDL#1LN:I9NA-[^IJ[/CA'WF6ITLIU9DN)L/:?S$R1Y"*[)J]G_&.*VX)\V>A(MRF1GC(01K/5 MQ9_699=U+QNL ;]-^&VW>DZ_WP-J:C=:3J_78XL":$]\17.G0;9Z/UR5,:A MPIH5CU(>!!LN#:QA],6IP@FX4Q5HC&"?@#D$N&T]?R-/;; XA)F$C0/>T!,, M2+I))@YQ_FVZ95&X!TQY$L5TNI285("G4A!Y@-R1SH,\WZ-$DI,G8L) Y<@% MA0(H(86 02H'B5[G)8NL?(-:!(T+'&;>NQM4 $\F*2LXXMBI2:9[ZAZ\>,I_ Z-;-;Z-=#Y]TKBS:[<4;E;]>ML[>Q\Q8,6,U#G[&^UF$%N@7^$ 6X!O&3>%LQJRSE_E&>#@=/IHG'; MZH"QAH$FV2[&?2;D7H".1N\E?P6V=Z0BL>K@*NNAR=L'INF#$=B2YJ(M4O*, MM<$P[+?0AVR#?=II]ZS0V7W9+-JM]@&%EDRV97787!K59"%)ELM43U#S4W)$RT U._YJOUL7S M)X5MKR2B?$@QCA8_.YU6;&M@UR)P#5AM%DM@1'4Z1D]%(4))B2,T2L)+\T]R M+3A,J(E4/*O*\%?F;$#WO-B-<7>]CD!Z)#RK&I3GUJ3+H<,B8, ,"CG:2@.W MVDZS,V!]V&G\-THR-8G29AU(J1SD? *="1VRSL[B[>,D%).@H-LSFD-I!J?= M4T[_2)Z$I65KQ"'#&;981B%&@-Y3&V#6#HU9CN\RU=PV@]4OUL(KSR3 QGDV M/%BKO'OK8;?L2H>QJ.6A $@U(5?W^23Q5X!3N[:A<)G'4ASQE<>0,8>%Y4[9 M)2!TKL'<"J%GJ.Y"OP5$O\Y#W"RBJB!C>0T$ZV1&0@?\G8$S[+3D^6)5&*CK M;G<5[D2B!Z4:ABIA V.M.14M(7/A_51Z$E[;71!:"'5+LF66"2%K;R]M/4P_ M%VKR*($D,]"OI/"\XYS2J6?8[J]__@^<%,_+!%B5(+@2S \NRL>X+_,>DM6S MQNJ(7EX&F+-R[AD7-\:2WU;%0 (=>OIUZZXDYLGXP/I*5V0?%8[7>+=3X=15 M#AT.@G%5<1" -1M*#!83QXK#JM+'CDXD8(K8]R\'I6RH3G$F_2J.[#8H>[;: M)-)IALOL_+WE418FJSABR'I.H]=S6D(@7((\Z#J#;D=*B-9E;\!>R25<4"BS MY33;7=F^<3EH,'7P>,7.!/5C)/0,7/D&WM-R@4?-EIR,=3' 6=,9MMI9P\YE MHWF>@VF<8T0 6QJ 31-B),SWY3L((HXQ,5RO[ST5SG8?O'>'A'SGLC4\;B/& M'W8>&,1XB5>&#&TKY",BU@.O1^D:0RNMCCS= H;*)?PTG5Y?>AW9_VI>"1]/ M9DD'M(OPTP8Y06ZI_*UX?,,7D3B:TL7^K18AN4G.?UOI.?4_XU5OT*-PC6V4 MQF6_S;I#05KJM_2X/>SI2V@40>C(63K%Z=6?+3FY[-RCSFUJ15"W>J+=H W6 M['!HON@TQ0MC "1F6-N B*[3 >'>ZZG'8,;2XU:GY?3;;?;'%!A[6)Q; 9B# MG3]L2LQE5-XE'=/I=35"!^RT\:\.P]NS\$0S"GA!SR]L;']_Z'JJ%NU9LRW6 M 6;_=V)0X$XTSCO(E/1F4![+PA.]/JZ]2QU:7?M9024O7:Q@E?;7+Z4C\ZJF M I=R!10^<'J=#HS9Z0E]*T_9R_-0\6\CN2V0,'%2\,0"I 0M18Y1\V'+Z0[Z M'[6<;M%R5T#G4KJ#O\TVD.T #)D&^V%^722'L:IF*LO)GHP@/7KQVXLG3-^J M$ $C#ZMQ.>RSWTLC@O;R78C%A60G#QHHF7\/)A[: FB9B"X-?)B)07.EGR\VKM*CV1[N#L<9" M-MI^FF5\$%AY_KM4B2I<%PNEUB?S1()3R[@5_K!?B @2LC$$B[KOH'P'R8?A MMJO"S8H@F$G4=H:LVP9Q-< HW+"/KGJ3Z7F?M1MMI=;O54!JK[#H8Y&^W M 4-G;:<]@'T=]FM7"=I\T' &PZZ8$2D4[&[ C'E'SMW=9&XMP<+[J[PDCS1= MJ2K(Y=%!)GV(3Y(Y&I@DPT52D=09F;:R7I/N,"!_[YACXA3HEY6&X<+WUMGA M*95*T(^(;,OW &9V I7+XQG$9;[<2]A#Y1UF)Y6,(FMC2)F5!9\6V$X6=Q:S MNN;Y)SIHE.=P5'.5Q)$)6Z]T/MK3"GA59:V*Q^&]UJO4+\DMM5[*M:11UCJO MNM*3]XX84B:DHBQ)HI(C^6C4+D,FP+(.P"!7A5VR 8;.#"WK([6$ZW7F%-8TK-Q(A!1*+Y$Z2.]C" M@@QP3M =:34)K4+K:%>D*&I_4-1^UK24;3V3#GW^3WNIRHVRL6X%6TVGWX!34/T($9VP==VFGC>'2/-?(,>Y73 MWPWG6 W4A*F'6$QPX+?;[S@]^"V49J'DQH(#,A@Z !EE)KH=U'G"HNB#?$8-Q2'(*ZJ(" M M1H_S']C\<32=C:[H5B?S\CO!0 \N51SI]=+5ZK&FTR=IRVJP\>1/9JF*S(SM MQ)D,*E->D0I/,U8=*<64A7&S)W2X;,&3]YP7#LFKQ,MS>?T1)2WDQ4W955>C MJ?:<1E)Z[C5_0HD)\+Z*PG3WMY=*TC6%+:E#C+7B\3+R%D(CB9)./!S]#B1Z MQ.6A)W5GD(HLVC-3F8V0%757+Y949EY;[@6%JV%T&R7;18%?%7GP1&EY'[T- M=A==LM? 3P!@0)$6=[?#6Z)@OJN-QY^T(U/B(N2H9/1H)2(]=6=085"J4<"; M3H*\K\J]RL>$S?<HYZ@*H=F\-!*PQQ3\G\TI0V_< M"*EE3>_RFG0@D,?\K!O,/PV#_/#;CS06._U@PI=*[/_%E=B5)*:'$?1*Y2L* M(Y0,(7'"^>/HJUCV(X1O[F?)6JN]?L7!LB["\>)OJ$C;]$MC_-(-W0!"$OG> M\XE17P$!9C:E-F6AEEO4M5UK]^14%%]\PD:4'=Q,18BU>PIVU KZ=7CZ)7]A MH-^2<-KI51@&]^#%E_KVW[Z^_8B2LDKI,9.N/.E%2XG8KT*C\HRB47&5G1JL M/K-MN57P[[;H[)A*KZ,V3E-'M\4"MD+5UB?L9*Z!I=5EK4Y2)KDZ=KLJ%B(] M4+JE7/;_OZMBZ:C]TG-X5UH"TI%^U?U.WG4U4DKU8S=O)&-=F1^#9SW2./^K M7.Q3%1VU,Y\HX%9W@\>*P_E*>/DOOM29?,8ZDX^DJ/)WA619DDYI5)J$]X#O M\]RH8-9'NHKE8ZFO6'I6*'PI"8$OE2Y?*EW^MBI=ZK@-W'59!"/J,#^_F Z, M.IMZR:QD\,I6PU%CQU,P-V?#OX?RGF/%H+I.;O3>C5:&9OTN -ZN([ZNMJ8[N:C4H]UD-BE/XAO.= MNL8G$Y>?,VHCDKVQ64L0T1?B9%(JKQX0ER]B<$1=H&S[DDCA!CFNE D.*RI" M\BQ6E.5D%^F>;@M6ELF7PH,OA0?_1PL//N7K4F?J.@X4#ZGXGO$17SXWOLVH MSFUI9AB3'\\:9>6 XI;^^^+'M&Y1W$_P\W'FQ;WJ,S: [(47Y!_Y4A+=YI?K%-WK=%_QH6[UF 4=3F;]K??U3J66YGS3;F46!'7O+E9!G3JH49 M&53C1J=COD9KSY_6'%\VTZG'+Z95N9@#F56%0;,P7OMZ9 5N19I5Y0J=SY@I MK&63RJRH>1E R?JM'.J(+\ ?A4;6K"%%,R5H %S.$!H-,$%HC*OG"8V7I32A M2:59GM 4W1S%E%:?VHO(1?>7V?Q@OMTWGA= A-^AO)DR 9DJJ_ M=%]N^3\/[ GH;)V.SH<"7 =X0Z-0\GDRBE/70 &]CN39#@7K)#NY,@F8H;@J M3$6FS91-T_2=5 *MQKS!432-0?,#TMT/%::Q5M:XJ#"D,ULB[ MCQV2?>\E&R]@YM[=/U7.:RVO/!R$L597UKCX1DUB90-;9:+=;;14)IZRNB,B MA@HH%1R\RF[$HYIJF3"KZJ6.U=2UM5=)GA+"><:>LWO\S-U%^$M=^VYE5#2[ M&L\I5%C6[*:MX+"B5JW[I,FJ:61RE"''NWNU@ZO-6S6A<[5A7X'">E L ^_ M#"/Q@M\EDBBD:\A%_86!(4Q_J/-ALM8D*R*A#VQEGUV4"0?#7;?'8BREQGM) M_B!K)_*"P\?\@D,CUA9&6)"#W UCY,4W9%ZMV+BN=!ADL]@3%,_TO)X,JC[V M*SQE@S*S>^(*.0;2T%0:(I0>:D;A1YON2/E;ED<0OQK]6GTRV?))S)J)M$]/ M9=]IEQ_M=,W)\&0X?8L7$U"Q^#0IUVDHB<*](*0#5B)MK3-ND M-GB8UY;)PJS*X'2=+!)3&]RE"GIKFFA%O=6-\LK>FD8UE;TUO;**.D48XP]+ MO?[VH]!!E0^>6Q2?!$ MBD[H5D3;"1V+J#RAXP'TGC"2G8Y%SJ*.DC]/A;6] MO+I&]AL<<@0YBU3S8:J70)2*H0^T/IE4LIIM0XJEZTN<]1]^][LCYBT66UN2 MD9?X4HQEO"Z-951-&TJ*+R[Q)0UGOK:#UK"/)4!KG#:6+(FVC]638QFO2V/I M%=+EIO#N$MY5#%3!)*UZ\UIG'SL3Y=0*&F@SI3'L&U%::X%TN1'52QM="]73YF26D+"EM/K(K:MR M;&Q.<,4.6MQ?>\L"41P>#(5#12OM?FYU/7<=&5R)JYNIFU*^CKH NXJ+[9UT M#JKJ^2'#LCJ:DTIDR(PV^F,&.6]W?KCG^)%OJN>H.:N6GZLAZ&.G.,DT3("U$^5= M_L++QSJ$P/OU *"PE T*&32DU%ZUZ]M5)NK MDQ0B?$_X\18I47\:[?PTMA*YD%O2V*^*?'\Z/ZM5*,=MDB%(BT-:X#OF#,[A M$';M$9QZH5TX*&&\'4U'UR,C[CF=X"55L_EH;GX3IU [7Q7\?51?]7F#19IY M5$65=^<%];7 9P7C"[Z'88[(LUAGJ""*'YN5'\LL%Y$?,UK+-EIU"?D10YY0 MY*W5>)=NK3)O$#AT+5;U)49TGR;6:]-'P?//H7#,%\9YOC#*R%1]&#VKJ.X9 M%=5?"M(_J2#=QH^5]NA-@1ALFV]P;)F'K#B(-.K*??I6XTVS /%8CG)]Z!OP!J::ET-SA-(% M>]7E0J7YG\=Q\NU_ U!+ 0(4 Q0 ( $2 ;DGSW$M9R0$ $H: 3 M " 0 !;0V]N=&5N=%]4>7!E&UL4$L! A0#% @ M1(!N24AU!>[% *P( L ( !^@$ %]R96QS+RYR96QS M4$L! A0#% @ 1(!N21N.*CNK 0 B!D !H ( !Z ( M 'AL+U]R96QS+W=O&PO=&AE;64O=&AE;64Q+GAM;%!+ 0(4 Q0 M ( $2 ;DGNE"9*= ( #P- - " 78/ !X;"]S='EL M97,N>&UL4$L! A0#% @ 1(!N25E>T!K3 P V0T \ M ( !%1( 'AL+W=O&PO=V]R:W-H965T&UL4$L! A0#% @ 1(!N2=4+ MN]W/ 0 ) 4 !@ ( !*!P 'AL+W=O !X;"]W;W)K&PO=V]R:W-H965T M&UL4$L! A0#% @ 1(!N2&PO=V]R:W-H965T&UL4$L! M A0#% @ 1(!N2>V$SJZE 0 L0, !@ ( !?# 'AL M+W=O..G[I0$ M +$# 9 " 5&UL4$L! A0#% @ 1(!N22,N*OZE 0 L0, !D ( ! M,S0 'AL+W=O&PO=V]R:W-H965TLW !X;"]W;W)K&UL4$L! A0#% M @ 1(!N25N+7R&E 0 L0, !D ( !R#D 'AL+W=O&UL4$L! A0#% @ 1(!N2=10R="D M 0 L0, !D ( !73\ 'AL+W=O&PO=V]R:W-H965T&UL4$L! A0#% @ 1(!N2496OWRF 0 L0, !D M ( !_$0 'AL+W=O.,T! #@! &0 @ '91@ >&PO=V]R M:W-H965T&UL M4$L! A0#% @ 1(!N2>/D!<2H 0 L0, !D ( !NDH M 'AL+W=O&PO=V]R:W-H965T&UL4$L! A0#% @ M1(!N2:]2I=?( 0 A00 !D ( !45$ 'AL+W=O&PO=V]R:W-H965T MP=8(/P( &T' 9 " 0I? !X;"]W;W)K&UL4$L! A0#% @ 1(!N27J6!W!- @ S@< !D M ( !@&$ 'AL+W=O&PO=V]R:W-H M965T%F !X;"]W;W)K&UL4$L! M A0#% @ 1(!N27/2^8$/ @ P8 !D ( !:FL 'AL M+W=O,! M !)!0 &0 @ &P;0 >&PO=V]R:W-H965T&UL4$L! A0#% @ 1(!N M29:H@17/ P @!$ !D ( !$7, 'AL+W=O&PO=V]R:W-H965T&UL4$L! A0#% @ 1(!N274:R*_S 0 KP4 M !D ( !WGP 'AL+W=O&PO XML 55 Show.js IDEA: XBRL DOCUMENT /** * Rivet Software Inc. * * @copyright Copyright (c) 2006-2011 Rivet Software, Inc. All rights reserved. * Version 2.4.0.3 * */ var Show = {}; Show.LastAR = null, Show.hideAR = function(){ Show.LastAR.style.display = 'none'; }; Show.showAR = function ( link, id, win ){ if( Show.LastAR ){ Show.hideAR(); } var ref = link; do { ref = ref.nextSibling; } while (ref && ref.nodeName != 'TABLE'); if (!ref || ref.nodeName != 'TABLE') { var tmp = win ? win.document.getElementById(id) : document.getElementById(id); if( tmp ){ ref = tmp.cloneNode(true); ref.id = ''; link.parentNode.appendChild(ref); } } if( ref ){ ref.style.display = 'block'; Show.LastAR = ref; } }; Show.toggleNext = function( link ){ var ref = link; do{ ref = ref.nextSibling; }while( ref.nodeName != 'DIV' ); if( ref.style && ref.style.display && ref.style.display == 'none' ){ ref.style.display = 'block'; if( link.textContent ){ link.textContent = link.textContent.replace( '+', '-' ); }else{ link.innerText = link.innerText.replace( '+', '-' ); } }else{ ref.style.display = 'none'; if( link.textContent ){ link.textContent = link.textContent.replace( '-', '+' ); }else{ link.innerText = link.innerText.replace( '-', '+' ); } } }; XML 56 report.css IDEA: XBRL DOCUMENT /* Updated 2009-11-04 */ /* v2.2.0.24 */ /* DefRef Styles */ ..report table.authRefData{ background-color: #def; border: 2px solid #2F4497; font-size: 1em; position: absolute; } ..report table.authRefData a { display: block; font-weight: bold; } ..report table.authRefData p { margin-top: 0px; } ..report table.authRefData .hide { background-color: #2F4497; padding: 1px 3px 0px 0px; text-align: right; } ..report table.authRefData .hide a:hover { background-color: #2F4497; } ..report table.authRefData .body { height: 150px; overflow: auto; width: 400px; } ..report table.authRefData table{ font-size: 1em; } /* Report Styles */ ..pl a, .pl a:visited { color: black; text-decoration: none; } /* table */ ..report { background-color: white; border: 2px solid #acf; clear: both; color: black; font: normal 8pt Helvetica, Arial, san-serif; margin-bottom: 2em; } ..report hr { border: 1px solid #acf; } /* Top labels */ ..report th { background-color: #acf; color: black; font-weight: bold; text-align: center; } ..report th.void { background-color: transparent; color: #000000; font: bold 10pt Helvetica, Arial, san-serif; text-align: left; } ..report .pl { text-align: left; vertical-align: top; white-space: normal; width: 200px; white-space: normal; /* word-wrap: break-word; */ } ..report td.pl a.a { cursor: pointer; display: block; width: 200px; overflow: hidden; } ..report td.pl div.a { width: 200px; } ..report td.pl a:hover { background-color: #ffc; } /* Header rows... */ ..report tr.rh { background-color: #acf; color: black; font-weight: bold; } /* Calendars... */ ..report .rc { background-color: #f0f0f0; } /* Even rows... */ ..report .re, .report .reu { background-color: #def; } ..report .reu td { border-bottom: 1px solid black; } /* Odd rows... */ ..report .ro, .report .rou { background-color: white; } ..report .rou td { border-bottom: 1px solid black; } ..report .rou table td, .report .reu table td { border-bottom: 0px solid black; } /* styles for footnote marker */ ..report .fn { white-space: nowrap; } /* styles for numeric types */ ..report .num, .report .nump { text-align: right; white-space: nowrap; } ..report .nump { padding-left: 2em; } ..report .nump { padding: 0px 0.4em 0px 2em; } /* styles for text types */ ..report .text { text-align: left; white-space: normal; } ..report .text .big { margin-bottom: 1em; width: 17em; } ..report .text .more { display: none; } ..report .text .note { font-style: italic; font-weight: bold; } ..report .text .small { width: 10em; } ..report sup { font-style: italic; } ..report .outerFootnotes { font-size: 1em; } XML 58 FilingSummary.xml IDEA: XBRL DOCUMENT 3.5.0.2 html 116 175 1 true 35 0 false 7 false false R1.htm 101 - Document - Document And Entity Information Sheet http://www.ithmines.com/role/DocumentAndEntityInformation Document And Entity Information Cover 1 false false R2.htm 102 - Statement - CONDENSED CONSOLIDATED BALANCE SHEETS Sheet http://www.ithmines.com/role/CondensedConsolidatedBalanceSheets CONDENSED CONSOLIDATED BALANCE SHEETS Statements 2 false false R3.htm 103 - Statement - CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) Sheet http://www.ithmines.com/role/CondensedConsolidatedBalanceSheetsParenthetical CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) Statements 3 false false R4.htm 104 - Statement - CONDENSED CONSOLIDATED INTERIM STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS Sheet http://www.ithmines.com/role/CondensedConsolidatedInterimStatementsOfOperationsAndComprehensiveLoss CONDENSED CONSOLIDATED INTERIM STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS Statements 4 false false R5.htm 105 - Statement - CONDENSED CONSOLIDATED INTERIM STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY Sheet http://www.ithmines.com/role/CondensedConsolidatedInterimStatementsOfChangesInShareholdersEquity CONDENSED CONSOLIDATED INTERIM STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY Statements 5 false false R6.htm 106 - Statement - CONDENSED CONSOLIDATED INTERIM STATEMENTS OF CASH FLOWS Sheet http://www.ithmines.com/role/CondensedConsolidatedInterimStatementsOfCashFlows CONDENSED CONSOLIDATED INTERIM STATEMENTS OF CASH FLOWS Statements 6 false false R7.htm 107 - Disclosure - GENERAL INFORMATION, NATURE OF OPERATIONS AND GOING CONCERN Sheet http://www.ithmines.com/role/GeneralInformationNatureOfOperationsAndGoingConcern GENERAL INFORMATION, NATURE OF OPERATIONS AND GOING CONCERN Notes 7 false false R8.htm 108 - Disclosure - BASIS OF PRESENTATION Sheet http://www.ithmines.com/role/BasisOfPresentation BASIS OF PRESENTATION Notes 8 false false R9.htm 109 - Disclosure - FAIR VALUE OF FINANCIAL INSTRUMENTS Sheet http://www.ithmines.com/role/FairValueOfFinancialInstruments FAIR VALUE OF FINANCIAL INSTRUMENTS Notes 9 false false R10.htm 110 - Disclosure - CAPITALIZED ACQUISITION COSTS Sheet http://www.ithmines.com/role/CapitalizedAcquisitionCosts CAPITALIZED ACQUISITION COSTS Notes 10 false false R11.htm 111 - Disclosure - ACCRUED LIABILITIES Sheet http://www.ithmines.com/role/AccruedLiabilities ACCRUED LIABILITIES Notes 11 false false R12.htm 112 - Disclosure - DERIVATIVE LIABILITY Sheet http://www.ithmines.com/role/DerivativeLiability DERIVATIVE LIABILITY Notes 12 false false R13.htm 113 - Disclosure - SHARE CAPITAL Sheet http://www.ithmines.com/role/ShareCapital SHARE CAPITAL Notes 13 false false R14.htm 114 - Disclosure - SEGMENT AND GEOGRAPHIC INFORMATION Sheet http://www.ithmines.com/role/SegmentAndGeographicInformation SEGMENT AND GEOGRAPHIC INFORMATION Notes 14 false false R15.htm 115 - Disclosure - COMMITMENTS Sheet http://www.ithmines.com/role/Commitments COMMITMENTS Notes 15 false false R16.htm 116 - Disclosure - RELATED PARTY TRANSACTIONS Sheet http://www.ithmines.com/role/RelatedPartyTransactions RELATED PARTY TRANSACTIONS Notes 16 false false R17.htm 117 - Disclosure - FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables) Sheet http://www.ithmines.com/role/FairValueOfFinancialInstrumentsTables FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables) Tables http://www.ithmines.com/role/FairValueOfFinancialInstruments 17 false false R18.htm 118 - Disclosure - CAPITALIZED ACQUISITION COSTS (Tables) Sheet http://www.ithmines.com/role/CapitalizedAcquisitionCostsTables CAPITALIZED ACQUISITION COSTS (Tables) Tables http://www.ithmines.com/role/CapitalizedAcquisitionCosts 18 false false R19.htm 119 - Disclosure - ACCRUED LIABILITIES (Tables) Sheet http://www.ithmines.com/role/AccruedLiabilitiesTables ACCRUED LIABILITIES (Tables) Tables http://www.ithmines.com/role/AccruedLiabilities 19 false false R20.htm 120 - Disclosure - DERIVATIVE LIABILITY (Tables) Sheet http://www.ithmines.com/role/DerivativeLiabilityTables DERIVATIVE LIABILITY (Tables) Tables http://www.ithmines.com/role/DerivativeLiability 20 false false R21.htm 121 - Disclosure - SHARE CAPITAL (Tables) Sheet http://www.ithmines.com/role/ShareCapitalTables SHARE CAPITAL (Tables) Tables http://www.ithmines.com/role/ShareCapital 21 false false R22.htm 122 - Disclosure - SEGMENT AND GEOGRAPHIC INFORMATION (Tables) Sheet http://www.ithmines.com/role/SegmentAndGeographicInformationTables SEGMENT AND GEOGRAPHIC INFORMATION (Tables) Tables http://www.ithmines.com/role/SegmentAndGeographicInformation 22 false false R23.htm 123 - Disclosure - COMMITMENTS (Tables) Sheet http://www.ithmines.com/role/CommitmentsTables COMMITMENTS (Tables) Tables http://www.ithmines.com/role/Commitments 23 false false R24.htm 124 - Disclosure - GENERAL INFORMATION, NATURE OF OPERATIONS AND GOING CONCERN (Details Textual) Sheet http://www.ithmines.com/role/GeneralInformationNatureOfOperationsAndGoingConcernDetailsTextual GENERAL INFORMATION, NATURE OF OPERATIONS AND GOING CONCERN (Details Textual) Details http://www.ithmines.com/role/GeneralInformationNatureOfOperationsAndGoingConcern 24 false false R25.htm 125 - Disclosure - FAIR VALUE OF FINANCIAL INSTRUMENTS (Details) Sheet http://www.ithmines.com/role/FairValueOfFinancialInstrumentsDetails FAIR VALUE OF FINANCIAL INSTRUMENTS (Details) Details http://www.ithmines.com/role/FairValueOfFinancialInstrumentsTables 25 false false R26.htm 126 - Disclosure - CAPITALIZED ACQUISITION COSTS (Details) Sheet http://www.ithmines.com/role/CapitalizedAcquisitionCostsDetails CAPITALIZED ACQUISITION COSTS (Details) Details http://www.ithmines.com/role/CapitalizedAcquisitionCostsTables 26 false false R27.htm 127 - Disclosure - CAPITALIZED ACQUISITION COSTS (Details 1) Sheet http://www.ithmines.com/role/CapitalizedAcquisitionCostsDetails1 CAPITALIZED ACQUISITION COSTS (Details 1) Details http://www.ithmines.com/role/CapitalizedAcquisitionCostsTables 27 false false R28.htm 128 - Disclosure - CAPITALIZED ACQUISITION COSTS (Details Textual) Sheet http://www.ithmines.com/role/CapitalizedAcquisitionCostsDetailsTextual CAPITALIZED ACQUISITION COSTS (Details Textual) Details http://www.ithmines.com/role/CapitalizedAcquisitionCostsTables 28 false false R29.htm 129 - Disclosure - ACCRUED LIABILITIES (Details) Sheet http://www.ithmines.com/role/AccruedLiabilitiesDetails ACCRUED LIABILITIES (Details) Details http://www.ithmines.com/role/AccruedLiabilitiesTables 29 false false R30.htm 130 - Disclosure - ACCRUED LIABILITIES (Details Textual) Sheet http://www.ithmines.com/role/AccruedLiabilitiesDetailsTextual ACCRUED LIABILITIES (Details Textual) Details http://www.ithmines.com/role/AccruedLiabilitiesTables 30 false false R31.htm 131 - Disclosure - DERIVATIVE LIABILITY (Details) Sheet http://www.ithmines.com/role/DerivativeLiabilityDetails DERIVATIVE LIABILITY (Details) Details http://www.ithmines.com/role/DerivativeLiabilityTables 31 false false R32.htm 132 - Disclosure - DERIVATIVE LIABILITY (Details Textual) Sheet http://www.ithmines.com/role/DerivativeLiabilityDetailsTextual DERIVATIVE LIABILITY (Details Textual) Details http://www.ithmines.com/role/DerivativeLiabilityTables 32 false false R33.htm 133 - Disclosure - SHARE CAPITAL (Details) Sheet http://www.ithmines.com/role/ShareCapitalDetails SHARE CAPITAL (Details) Details http://www.ithmines.com/role/ShareCapitalTables 33 false false R34.htm 134 - Disclosure - SHARE CAPITAL (Details 1) Sheet http://www.ithmines.com/role/ShareCapitalDetails1 SHARE CAPITAL (Details 1) Details http://www.ithmines.com/role/ShareCapitalTables 34 false false R35.htm 135 - Disclosure - SHARE CAPITAL (Details 2) Sheet http://www.ithmines.com/role/ShareCapitalDetails2 SHARE CAPITAL (Details 2) Details http://www.ithmines.com/role/ShareCapitalTables 35 false false R36.htm 136 - Disclosure - SHARE CAPITAL (Details 3) Sheet http://www.ithmines.com/role/ShareCapitalDetails3 SHARE CAPITAL (Details 3) Details http://www.ithmines.com/role/ShareCapitalTables 36 false false R37.htm 137 - Disclosure - SHARE CAPITAL (Details Textual) Sheet http://www.ithmines.com/role/ShareCapitalDetailsTextual SHARE CAPITAL (Details Textual) Details http://www.ithmines.com/role/ShareCapitalTables 37 false false R38.htm 138 - Disclosure - SEGMENT AND GEOGRAPHIC INFORMATION (Details) Sheet http://www.ithmines.com/role/SegmentAndGeographicInformationDetails SEGMENT AND GEOGRAPHIC INFORMATION (Details) Details http://www.ithmines.com/role/SegmentAndGeographicInformationTables 38 false false R39.htm 139 - Disclosure - COMMITMENTS (Details) Sheet http://www.ithmines.com/role/CommitmentsDetails COMMITMENTS (Details) Details http://www.ithmines.com/role/CommitmentsTables 39 false false R40.htm 140 - Disclosure - COMMITMENTS (Details Textual) Sheet http://www.ithmines.com/role/CommitmentsDetailsTextual COMMITMENTS (Details Textual) Details http://www.ithmines.com/role/CommitmentsTables 40 false false R41.htm 141 - Disclosure - RELATED PARTY TRANSACTIONS (Details Textual) Sheet http://www.ithmines.com/role/RelatedPartyTransactionsDetailsTextual RELATED PARTY TRANSACTIONS (Details Textual) Details http://www.ithmines.com/role/RelatedPartyTransactions 41 false false All Reports Book All Reports thm-20160930.xml thm-20160930.xsd thm-20160930_cal.xml thm-20160930_def.xml thm-20160930_lab.xml thm-20160930_pre.xml true true ZIP 60 0001279569-16-004692-xbrl.zip IDEA: XBRL DOCUMENT begin 644 0001279569-16-004692-xbrl.zip M4$L#!!0 ( $2 ;DF\G-CK&IT )P'# 0 =&AM+3(P,38P.3,P+GAM M;.R]>7/C2)(O^'^;]7? TYN:JC:#E+A!*"OS&5-'EN8I13U)V36U:VMI$!$D MT04"+!S*9*_M=U\/@ = @K@($ $R9CJ[*1*'N\?/C_#P\/CU?_V86LP;7V_/>&?._/O[];[_^C_-SYC.RD:O[R&!>Y\RU M[NLOKC[\TUO>S_ 7_(7&X _2^8/S=BYPO,+\WQQ_*4F78N__8?[?QR__'W/S M_,*<,]^_?[\PX E^^(2+H3-ESL^7[_FD>_ .>,Y_?WJZ9X0+?O';CU?7,B_Q M?S- MNU=^I/IA[.)[\\NW[W#3S3A"]-&X?/>X;=SF@@<11=;IOUGXFK\H O' M'<.5G/@.__P*+UY>CG\US-4-\8N5=]&/JTNW'OU=#*_E-4U[%_ZZNM0STRZ$ MA_+O_OO+_?-P@J;ZN6E[OFX/$[28&;1O7F]ZCB3P:M8=T17+&PPT<]$0#^W. M>[1WNCMT'0N]6U^\O'WH!+;OSI/"\M#P8NR\O5O\&(['.<>?B_SJML!U 6V[ M[EO\FG*C@^ '?+F4O!S]&$[2K\>_I#S?M-^0YZ??$OV&;Q*3-]FZ.?32 M[PE_PK?PR5L\G>:SB>BQ]26/]A M9:#FO^]C4 Y\-P,L\.L9Z"S#_(KA?^F%P'Y"(R94ATM_/D,?SCQS.K,P:L/O M)BX:?3@#%3Y?JN[%#P\P]@Z>$UF&*\?VT0^?>49#'PQ.:!7@#9%=&"Y^- '# MCQS_#?X#SY%?'$[[)G+AYXBBU1W(]DU_OOAN]:UIX.]')G*9D&J4X'(I\:N[ M_WWVD0.UY46)Y^5?WVW>O'S5NXUW)2B8(==TC$T*0)E='^PK^HB)QN/#\<$VA]B^-[ [)] H!O53)+/\I0;) M\-SQ>!^>(\C[8,CQX(&DSD(.Q[Y2 Y +)2-\XT4L&;Y[DN$Q9GBQ.MB647]^EOF+-\[LTVHC6FQ@&^H9A M8M3HUJ-N&G?VE3XS?=VB>%A>EBF@(\?&4*^;MK(N-%=V[3''@7(\K)TR1P9&M*SY105Q**B*RL$ M,3!1M]1MM]1%R-$HN1-1<@>A12?A9$W".P&AQ#H9A1#)$")M#3L=0M3!==#! M=01:-%P_GG"]&Y"CZ89.I!L( U-R19%&581%536OG1;" V+NA$6M8(-&M=T M.JYI S,T,"$U,#D\&FC>AN (H[G"XPT,T BC!L8H*%T-T+I-K!! Q-2 Y.#H2&6S;L'WVB/'<=X=!UX MGC^/P^$)Z=:-AX77MXV8>[T.N^J9.M:@:^0-77.&/PY&RX=T&RY[LNU/II<[ MQ'IDN< -+-WJIOM/W0H@V)H%OG>/WI#%Q_&TNN#3?/7Q-Q@^W1U.YN'EW09. M4?ZVKM\6V.DA1:!(*8<4X6B1$HM6J$WIN$TY6%Q+;4K';4IS2-FU;\32O3_U M+T"N;OT&,9\_>0&H^%],W#K<>C+'$S\Q.[I'NH?ZKJO;XW V\3*?(2Q2&D2G MH'&7L*+XN+CH=T/Q5$/[SNQPZ(2&?0-BS&DP33P0OY^J7P/JMQ;L\JN$^*FR MDS [ZX36ZC^HUK:HM7'Q4ZVE6KN_K_T&5QI!V&#TR9D#_1OO'3JN@8RO-LA@ MM783P-0&N!B\6N8X?/6G^150,W;<^6!TYZ/I\@J#VH7N>_,Z$(#EM0-HU(Q1 M,[9_\$'-V#&8L2;#&VK&3L&,&6_XE+MH9$SDU6T$OMTB ZO%5WL&%P$=QKUC M(.Q^[?&5I9O3]HWD">95"@X*#<-">Y^J(M1\D6"^.FU=: A&[1>-OZ@!(]N MT3GD,1LP.H&D!NRX#1BU49VR4=1J'*75V%':1JT'M1[4>G39>I!D8X=>3VHK5SNP!^XG-'+<&WTXZ=LVD.%ZNIMX_>= !TCY"!EW MMA>X6!!7("M7'X8(&XP^(1N-3#^*+&+@*FYVNFL;LG5NES1H"O>8EZ"JT%E& MR2*RLE7WR"9:)V>/$1[5Y^#50W\%,!K4-%/33$USYTQSGA8?F97>,3-M,I%% M;=KA;1K-[QQR[DF<]M#L,>GZ2=/%Q^A=2;<+5&NI&AR5&JQ3Y8O<^3IC#H_; MRJ<_6OH0N51?]A8;5:PC5ZS& TBJND>BNC22/49+<_@\$;4'QV$/NJ]@)&>> MNI*_I1DH.I?M>'QQ2F9E>483)]$&H+1F\=!-29K4-$ZJML M:7!'=(P&R51M#ZRV1[^<3,T*S8E1ZT!>[NZ4]#)QS@F_UL?/CH4']U]HZ,>U M83G>($Y<[VG@,^]F6#R?YMU7C$+,)>"_):565C+X0Y]M0E'2%920G#?;M2!/ M044XJ-HHUWB>Z"[ZA -N?, JB"\,4\)OO7[@3QS7_#<.XL'MAPE>Q MOAH\BO5"XIJXB%KV[J)]/7P4[T4$=NL$+H5[5^&^'CV*]D+R@ED/17MGT;X: M/8KV(O)Z-G]0L'<5[*O!HU@O)"[TAFR*]LZB?3U\%.]%!':#B_HHWKN*]]CP M'2'>5PO!,LVW4[2WG6^7&UO6;@CK--_>8:RWFV_O'M9IOKW3:&\YW]XYO--\ M>Y?AWG*^O7MHI_GV+J.]W7Q[Y]!.\^T=!GN[^?;N89WFVSN-]I;S[9W#.\VW M=QKO;>?;F\/[:FN-'-M: [A?2R..VFMXQ1O(\ W= 0EN@#E\,KT_NPV_;*Y6 M(-T424O;9^0JVV?DP^S/[I1#"!J >Q=?^^"HDV*/'UK+?^V?G M#;DVYN$647S5A*]BPCTRC/'"(H#B7YQ8%]WH7(^!^X#>=$/'G1JQ GKWOI%L M;QVV77X$-S]_<77;T\/FX=V&4293ZS-/=LNFI> K[*%;-OC::+Q;9[OT=&#] MAD86*!IR/[M.,*-@2I,'!5 XM1-C4SOQFZ!$4SMJF3IGF6"&)U:9%HKG@D+< MM/#4SV6IZZR14YTP[LAUTVX5M%:\C6X5G#52[BB^K._ <.17F^\Q3#? .";HX!O?0BF MR-5]Q]U$=V'2X@+??&+*"Z^1[4Q-._N5>:+>?.?V0Y>_QC@O*,-!8 _1N?/O MCHL0VX@E*X<4X56_81C""XX=AL!BCIG8(80"SYX%6\.29!=?4.C9O_Z/\_,; M*]Q2P#RCL*+D_#RZ=.G]KG1OTK<-_#_X6.X7L7XQI\Q^.7A==B2,@8:FE/=\CZ<<6576>$'\]5VI MER^EM"?%ZXXF"8J%3(H521.EGK(GQ8\NFNFF6%-5R8%.X\;?T#%"9(S"1(Y MKB?&Q;3[C5OR&89[<;Q'?:Z_6JBLH)3L\1,$3HH1EOZR39+N3?W5M$S?1*7' M3W+,$&R\:0LFQJJ$"A3PSK[29Z:O6[';"M/&<]E8%C554WDUAIK<=Z> .I@& M80EB:"'PA,5%$SQ5PNWOALX4W3N>!^HP&+WH/XJ3GNT0>C"RHIR >QDR-KEX M0KYNVLBXT5U<\>_%'G>-1GBZ5)SP;+]P+HBMCD^//B]&7[ 4F5.5&48YC8?E>&ZH()+$+;KB @VQG(JL"IH$ZI"IWZYOTI MW27%;"^A\!JO]42E.J65//\NL6:[#C!/$M?;R_67<[R[R,QV*8+""UQ%SUM- M;#GN15-5&1>Y%PI-BCK_7;1DNQF^I_04K@GOOX,>(=NS\+(H27*O5UL L(N, MG&E#%AGE(X!=1&1;? @!5%Y)(*6)$& 7<=GF7I0X1105H=408!?IV=Z YR6- MB\^P6H@!=E&>[1T@!E Y1>ZI!LG7?\-BU M#XX]+$M?MLV/Q0DY;]R;P%U#FV/918W#_U^JDR0HVZI#L"$IXJ_OMM]4FH;$2AFRK M+G"<@B/EW32L90;1P] ,EU[ALX7";96VT9\Z8&K_'7Y?7D(Y%E[0Q/BHY5.P M2?5G%'J$.^#,U>TA6LSB2A,J9;L!@5,$(>8$=KPV/JYW]AOR?,<--ZP"Y=[B MFO(PDW*B?EX0>EHTQ#M?NBDW^-YRW/":Q251\X?RQ&4[!UZ358Z/Y21WO7C' MP.+A-Z9PA>>[H4)7'N!L)R%(@BQOC>^NMV\2&\;?U<E9*8 M&"'/"^EHBN;OYOK@"/*$Q#N@==UY=,CF+ *+6PXLEZ6_;FG#C M=CDPHD_@!'2K,HZR;3XO\&H<[JDOW:3LQ=7?$ ;;#=#BXHD13NQ4IC#;(_0X MF(RM"_=DL)9WB1'$Q)9;C).7,! M7I8Y+:Z*FV_<).G6<9$YMJ/(8QCO5_ 9!(UGYY_0"*[92A,4(3;;*VB14\&PB+(*=Q@I\$UYDG,F$J#,,1^[Z[6;Y'VU7:1;N$)LR M%5"0[2GDC3 XY_6;U$(4[RQA$_%558OD'+%VJ9TW);*VE_IMC&<#16OC/"*9)T=]WJ:O.&EFZ"[J(!VZSL8TO"O*$+L&_\*(BU;O>(1A]OPB^^[YFO@ MXXSZB_.H;\_5BD@MVUV>\Q(O<;R8+[AF^"DJS81]K%4^V5Y6X^LV&2_?FK L$L6@#LMR87,(0W]M6@'$!*5I M539\?:S0+T:U %1S%UP,GSET;)+].\(UR;O$\41$%.5,1>73Q6 MFA)E=,/ M!?-*&?3EU")PG"P6SRN5R3=DT)0SA97D+8>S"WW5LC09I&6[0Q$B[^I9FH+) MD0SJD*/+YH<*3LMR2 K>UYZKBF:(E>9EI3) MWV20EY.OY!2>.T3^)H/";"?1XT69.T3^)H/"G)FG GH:KU8LEK\IF6;(("\G MARDK/>U0:88,*G/FDYMK@B7S#$6S81D$YI4\\[P@<0?-AF40FS>/$B0U'@?L MD0XKDA[)(#1GCJ1P/2Z122 J/;*;KUZV-SH7)%D[U?1(AM1RBCY$T#+NR),C M&=+)R1>+@B+S)*5&,EC)=NKGLBKU!$DZ8&HD@U:I1&I$+IT:R2UZ2#U",4EA MMH?O"9S&[U5WD7K^:Y*$;/>MB)J:6?JQQ_R]@'QR9GBJ+.TW?R\V/2Y :+;; M5B#850O/CLOD:@J0EK=(*7 -%5WDTZ9E.UM54"55K9ST*#B;+T!FMG=3^+C! MJ['DH@!EV9Y%4M3-M9R*%1<%2,GV#(HHJT)-.84"Q&3/["1.PD-67[U% 8IR M]J<3FG2$U.UPM0F%-\+JL:+Y6=K>?-+PN0E;/?2)4T(4Y7 M@_/+ L1F>P-1E(1X#73SU1;Y)/-0XK4LS:1!BE"9[22DPY1;%"$TVV>H M$J\*=9=;%"$K9V8!,("YA4980J$(8SF[8X6X7SR-A$(1J>64W\@]4>@=:TJA MB'QRTJZRVN/(J+=8WR72"GSIM$*MU0CY\W^>BT<$ M&>4(4J\77^XBJ.2BP)@E.FJ06'-18*!R6FL(*L^7GJLNBI"5LZZH\6*\>4"M M51<%R,MIH"'*HBH=((V316'./%10.>$0>9PL$K,=!,BP%Y\3U5IV482\G-X; MLB@=*M^0166V:\#SY2;K+HI0F+<36Q2%>$GR 1)C6=3F3*A$+M[&J*&ZBR)T MYLZ5!$DF-D^2Q5A>Z8LH%*DA.,Y,29;<0T M5=F7@OPR&3ZG8PKNV%,7%5ERR-DCKW$%1Z-4>TAI@XB<6E&1EV59C-&1WV&K M'#G?8@W;$@=X^!#ZAJ%Y^ BLV8X==J+&IT\D>O!?<0B+OOVEG;;&!7E8\4&36MV6'/R@J_51^=T M.*(&!21>@X/*#D]/3\ 9LYJ<]E&:(/?4TY97'8#,#LU/') UV]B-NU&66_Y0GO5[E40K/JBI5,;48I-3D%I6]YT6'"44J *DQ M,Y'3G;(YW:AKS',J.\MUGBYUWMC&,F%.5TJI)_5Z7*_VHJ9:TVM?5LT3 T.?5ZG MUR[TP6UQ9.I"<,=7N0\3!]5KR#>[[1(<$QU(O,U9F9QE:L)ZE!]&W'69#AK: M']YT="3,/VR]!<^M%QEVG"3/Y_2=U@1>[K57.4&"O&J8:>5TT#Z9(N<= J[7 M%N2T!*>(;G+Y):?1^:DCO:80(Z=I^_&7NC5FJ7-ZT),4O!U&I#7;YI.=XAW> M$N?TY$BT"CP1:==E?ND,K^PT(^?DA7->U42E0+/IH\JJ%1)W"K MVU$5GK&1B=0V!Z(IER;D'./1$2/2XM#4X_^$G(-*B%&.C/7/ J97R#GFY)SG MP4RH1:MH"83#WM,E(>?(E>XBH0[9%)[K5%W$/X0G%'*.46F0C>;\2.'XO6:6 MZK*_><%T*<-4JMU;H\.2'>KV>$42F^LY6(O*9T>-S3=.K%OY^9QF]:*F:FK\ M?(O:^:E)97*./CD71$[K25K)G2@EN@O6 2^^H>Z"63V+G]#0TCW/')G##3]\ MZSK3_N#J#CSX[S"#1(;SW1Z,UO/)ZI->(>=0%8'7)*Y@S^4:Z"=07 U:X9P# M8ZCLZS:QA>.K$Q1U7=9_[X3M$O$L7QERBK'2]Z]TUYV#P4E9 MV<]H_B[DG)S$BS*X5U7,HWWC_341O5/@.:?YXEU_G+PGS=LX>W31#-SG\J2> MT#)40$MVI,ASFB9EH3V-BN**^JC/L8+@ ^"&0S= QKVIOYI6:)0J\)*S:U]2 M>$73BNAN%ETI60P\E(^N\V8:R/@T_PIVZ\Y>':74!^+>PCNO@"'3#N"[Q8^. M787+G-)CB1=4GI,2R8L]"-PZIF0T0D-_,+KY,9SH]A@]@9<;V.F8KL!"GFG0PF:I@G[.9"]C$$6Z=ENF@=8\?L:@QKPD\5! M3@))XT5)K <]-7CQ#$9R#DTZ!R\HB4JN)RSFQ4N%>5E$9[OOC?:X^T9Y%9Q' M%NW97ER0A%ZF(R3&=63QF+.S7P;]3NR.J]=U?#%M!R8<\^4!C8/O-G*]B3D# ME X!K?H8?9JG+;]M[*J_AVF//78< ^B"E_GS^+3K">G6C8?G7M$0++,\R5.. MO:%KSO#'P6CYD.UI6>)#_5C?=,$B\ MLV>![]VC-V3Q<1FL+O@T7WW\S81A<8>3>7AY"K.%TRBI!#?#E; W5SE'6DF] MC3,Z"S'7?]--"VLY3*B?P="N9](M<%C\0(*=5#?(W_ZXS#E+BQ/Y7B4>/0_Y MWHJ,:],;6HX'2MX"BSE!RP:+NPAOCL.]09ISQA97@;N8>A(QB#G';\58S*:\ M83[W'\J<+D=;%K4#4^'6K&O.;PN/]P%C\;JS!_!7U_ MXZSE''XM:E5\?SW,[8_-PBLRQ2*:XKZB<+E;%\::#*\?S/9AB BW68KJ:8W0VJ,R. M3619X*0PM5?HO7L2N2LYD7/^3$4B5YHTC'9CPI0_O*%\\J3XN2V;[]I.MYFS MF6F/?]-MP\)9E$6A[LQQ?7T?"K-]N#ESA1ELL0]QDYEC,VA[H%0H8_9I.YA_^J*KL< M!ZF U=$6TLM\];XT9LDPIXLPKW)X&;4&UX/[ON@F4&CK M]K!"KCWG4 -)DT0^UK>U WUD9TAXYP#""1-T1++_.7)OD=CW;I%5=+I.<<* M"&I/BBV)KUY4EH(L\>1,5'M"O,_P%@48FA!^Z?.*6IK? C_YAOA[;^PWTW5L M7+I3V4KDM+ 71%'4>A$1VZ^K1$S66&2;>YG3!%7*(Z86]YE%9$Z;>I5+G)U> MVG_B9;D9YNLIY*W"D.:UG1?5A5_:>%5Y*K+$E+.A5NQAOSL@C(-M>: MUI-V*5?<%GIW]A!OFL++U9;C[H.8Y[CW2\5;SONKCJ(.PNLUI3Q;\A[P6YT\$(KZJZ0$>QCG"6[OVI?PEU[3>D M6_[D!6:V_F)J]&2.)WZB_C=\48R$E_D,X1GNP=975>GLXR.O_1'WPE6DLSD1 MF ;3)V<. I@_ZG-\^WH1]D@%&7>OFPO5 AB@"R$V8A_J.H#-5<&NNCI.6.$I^G2V5]+ 3MZ+MN85=;/HKK<55=>^RUVQT(WW"6 M(N(PKQAE\^*Z!^C;+3(P6+_:,[@(Z##N'0-%"<$K2S>G[0.XL+O+.6Y 3BYA M;$JVNAGHM @/;0,2!QND!'DX)JG=4),_0@19Z<29!^DC)!88H45;EL%H<=6+ M\PFMWOII?F/[>0>!$3]JAQZ8K$+>:& 6285"LM_T2XMIE'?KN#M\TXZ))AVG MC7'*J=CA-A;3TP2_O2JX7A0.1;B*-Q;;5(XS)9!SB((H**JJQ!MA55#>R!&^Y'O]&'D[YM QFNI[N)UW\.=$"!C_!> M%"]PL2"6N4 ,BL'H$TPB1J8?V; 8M(J#:F/D\XK0"P7(=*!3!QKAD7X.7CWT M5P C0,R8YU3ERZ7&O'*,T*1WKT%*.8=%E';9#\A_GB++1^X3\@/7QOL#X=KE M;2].6%SE+@2]VF_EW=F;-K>E+605I7KH4"MQSD3F7*6^$:D^#:7#E3_Y+S6U M#'=U+D9PL6.ULFIUU'!E+^O*W#J:JTEJ\8'XI%O87:R>7$&;%@1\FO^N WXV MM;1;ZK0Q--FE2_&A:5R.>\5N#72[^AM56]AA=X6TT(#HCCINW[@4.# \Y->2+V^F/S%Q!QH\@J\@G[#SR6!$#4F]P,EI M$10#3G-C2>9$XL@&.JODH-AR(\FYCT/*4LPY=Z5TDF13,W!_SZ5NI.G5>KH^ M&-V:KN?_IEOI6GE:P\+C(A6!NU[8J\:DVLSBR=$,0\Y&';G:LDIGA-V)#)28 M(%58Z?H)'[YM1# [:[SQ\2;%54(Z=M&7'88HF MJ&H%W8@Q]!F%T=*5X\[P7L^*Z,L);%19E!-BS'AK"HU@G/Z%AGXUTK+# WQ M#^X2G_FV?<6V :%MM.TK(=B"#+G,@7%-MV;[)5,R2&&>1=8K[2_8P[V28+SK,2NW#C)^6(JI(B/8=4&7" MY!OF#V,[G#>D@I<7,5?\!E!/P3QN,316/7&^#1/C]?S#F81XV4015F( ML_UL@BSP65% S[IA&;[VVO1FC@=OBGV_/K,MZO0^1F&6<[KE0O+R9[7))Z?9 MV=*:U<9F C*Q$^Q29+!KT:DVWG,B&(B^%JU]M@A-<+&AW8"7:P16;&K:J&T. ML^.@U>B68J'8L1>QF?2G^?J2Q3/ZV&8.0E,9/Q'T(<#,%C[H2DP<$K/C)%*Y M)TL)'U4[O0T*Y'>$#<[*@]S\0.[0]% X2"7$%(_6KOK7WP!%WT(2-E8CA0ME M\\#6YODH+3XOY[V?<86[=V='ZT_%11AO8[,K#DRV"TCR?I8JAN, MR3=_=K?.&"\BM<0Q/#OT5,#'TM6IIRF4)QSWGH^_PLD*'*_"'\N75) ,GR\9 M7A/66<4FR"XEECRHIKV@7AU,G#&49<[.I=6.U(.SU::7W)27F(\QA5.46K6O M UYR4TQ20=/.7RCD.\G:S/KN]B1BXK"C'< ZC$$G)W;($I=2!&!<.9G5'SD< MV#EF":Q >'\ MWA $[Y3$KTB)EPXD DG*4[(@D^A6)TKCJ$.Q0CE7.(N"28. MG,J*M, E\F3XQ-?-UX;?>OW GS@N/NC@JVT@-SQF/GH;3J9XB>>&FZL7W^#Z MPP556:3PF7F=='F4)VQ@HW@Z:(_'?IIO<[R=/DH/GN'!8312=?P@6_F0&AF#@0)B8N.K"E$ L["G[345!4' 85MT[@'A84A2;4 MX2885:2@: <4YMN!+85,+07IH'@V?QP6$T43(Q00+0$"O2'[L)!0"Z^SR104 MK8#B!A-P6% 46L>F=J(8)&*'>G8V05$HPT<3%&UBXM )"KEHSI(F*-K#Q,$3 M%'+15":==K2&BH,G*.2BN4R:H&@/%(=.4,@TE4D\* Z=H) +93+IQ*,]0!P\ M02$7RF/2!$6+H#A\@D(^AD1F#9(/:8EJA@:C6#7'@J:C+):0"Q2K\8HJ%]B+ M4KO CWF<#YY?*%"*)_(:'>:NUS3(6@&%YD2.CG3'ZQ24 KN39*W()D(ZSB3/ M[)4">ZTDJL]=KR90A )V6U#H.'>^2$ ILK&MURNP*8(.--'S:D4J$'.?MD(? MP6J^4F [XPW*T62(B=_ SZ*%:QU0(I,54X[1GT4:Q,JP628D=LN+?7Q8]R M#5HMD! [S QZ6^#'/,Z'GD&K1?)AAYA!G]@P'WP&K19)B1UD!GU:(WWP&;1: M("=VD!GTB8WSH6?0:H&4V$%FT*?01=(B/5$3<,GI-!A[O($NDA&3)(E M);=E*!UHHB?0O2(MK$_;;A_!$G2O2#ON4Y] '\$2=*](.NS$)]!'L03=*U0B MIBBG[)^/806Z5R0CIBE4H3N^ MTKD! 3J#YW?06Z5R =)O&G/7\^B@7H7H%\ MF" )JKC9?X,.=,?FSP4R8GRK\^7@BL[1R>E6C7)X%#*#)#0QB&?SKX8"!\G/83#$+Y4P\U)4-$8GC@ M*%?'N73%>6A4;$^F]^>MB] =B D&RZ\H-#5#:!(6&L=IFYUAFV3A(%"[-M], M ]E&19GU,F16\G2Z?:EO6%RQ24*),+29(X K4[XIHYOIS'+F"";S[AN>TZ>^ M>.4EPG=X+XZ/SVI?_W[E>/Z#X_^!@,VA,[:QF8Q-LC)7>1/BDKB-J'T#36)/ MD6+!^D&(/YC$HB/@;AUW\16^CB\=BT%@?O;Q4?["*]<'$%0JS9L2ZUN6,P3] M--+?BU79]LI'G1(7C\ZW#ZS7!+D7L];%J*ASVA$&4ZE8(>-=O(RDHLV9Y%U)8Q\#SD9Q> ?7TN1VHO MDU195F61EV*SYXB$HH3M(4,MDS"%YV5%Z]5 5TF!\5R.P'J RL:HK%"S';W @53WL497@>O"[W7J/B_GZ#ZG\.*635H04IW*LH)5LM&J M:K*ZA8(=1)8#PQ[0S?%,7-RDEL%"90;*"CW;7_$J)PB-H'D/F6=[,AY7KTM: M/6BN+E@AQZ^) M<3"A)9VKF5E*B0[=RXAKU:66JSO5I):N&K.WOH3-']]F1( M38O-2Y.;[=W.!571Y%A"*4'0_M26A6VV=SOG!4E5XKYB;W*3,\VRPLWV;#V5 M$QLCM:QDL]W;.0^CQ6M"#>2F3BE+2S;;LYUKO"PK?&/4EA5NMAL[EWE%%L4Z MM"P]05)6N-DN[%SD1$&N0\G2J2TI7#';E9V+8D^3XXM2F>3&D@J#5\L4/<'TC-K)[[=FV_('CN.L8I5 G=>5,IZ8?I4^N0#ICQYT/1G<@IN451HJ "OO/_9D_ ML#B3+G1^CT "7I.B+.S<#R1*\L"6-UON<EGYPVY-G[4+6H6#]GQ%%F68H/T[-B*5V4) I;> M(53X\,.6DR!7)25>7%:=T7)NPIXR> M$0C%*.?0I>Q(3);XGI!GQ#=>7C?![1B%[$BM$-H;%,G!+4!VW"<)BL;EQ:T' MD,GAM3X[@"NN]57D\C(QW;+JGAVUR9*BR6H1>E?OKIG<=I0].YXKI.R-">3@ MJIX=-$JBP(E"VQ(YN*++.4%B846O(!7B MZO)^N;FF17)H99=SBELE01 +^8-F97)X=<\._XJK^[9<<*'P[NO[(Q^YE10^ M.T*3%0&"E:A,N?#;:R>Y'97/3;*U+)2#*WUV$ A!HBSP)$CE\&J?4TFT4/O* MDEGD:.&R%^<)6;AV_E''6A#MDTS*@Q<6"Y]\;-L8_ZUOZ=Z?^L!]0&^ZH7]V M+ /CQ[OWC;@XXD]_<77;PQPZ=@K+\7 O=1.H&C&<0WO=;/Z&1A:,/W(_NTXP MJ\1:XHCA5-;$4JPMK?T_==?$K2R66PQO;-_TYX/OH,7>Q)RM-[UN+&2+L85L M\9N@1 O9-8]GXKS=U!VK/!\K+"O,RU((!C(OKYUAN$_B93ZKL-U($7#3D?/_ M\^N[S6?%W]&'+XU0Y2U]7.$EP.H(>$;16Q)/2V,EVE]Q8QO7N[=O9KU.PE6S MO'+.:>BT=Z_7:&[AF_+-)B1%CMZ>?._&8W>_>;GYK-J[E;./_T=, M>W/LL?%W1PA[0F/3\_'FE@=]6D7@ZMG'NX>7FZ>'_LO=X*%_S[P,?K]Y8GZ[ MN[]GOMP]W#PS]R_7$5EI;]RFZ IA@V[=V0;Z\;_1O ))/= N#FR7*/&\''_U MQJ/C[UY42Z['JCH$M;./Y^>\<"[RT;MW/7J;]5O30N[2299_LPJN\1D,##R$ M>4(SQ_7!<#-X1X]NS^-R2+PG3@98-+R'YWD^?76L"@2 ,7_Y[4OTJL2S4H89 MX@+'#C>#11T)8GN(4NI1X>U2VAN+''?-*Z(L*GC?1['7;\^<5M<^.&#YR[7" MD-2-N5WZENG-26_**RO2M6,KMZ1*S=-5N2F&5.3P#YE;_%\J@7F-+DJ1N5.( M18ZNJ)?,.\\+2DFRR$&D:QW)>6]E\G9*L$AO-""/KX>\3#.S4X0%&I05$6$Q M(U/$'NX09I%&[46$F4EH6@7,RKE]T?W !0/[/)P@([#0"XYJ7X#X3Q8\O;Q/ MZ8%/^4_+?V^8;XSGSRWTX>Q+_^GSW<,EP\U\^/?C/7,[>'BY9'C\]XLY11[S M@+XS3\Y4M]GH"Y9YAB!HQ)S]Y]A_SVP\[NK^IO]T^>KXD^A)Y[?]+W?W?UQN M/.I]^-OSW?]U$[WJ_9J,'^M_%[)I%R]\$F2\W__URWK^_^_QP>8]&>.#P%W81@Z3^_O= M]Z2IM]N[C[_AL4LS'[$?C>6O\<89_ T%+D+P3V__'$/M-F."_8E*4S& M#Z5I@S3=4)K,I_[5__[\-/CZ<'W)_,]1^'_+QX0R[H&(&>#MY>ZJ?[]\'8R2 M[TP7U_V^H%/%;56^FX8_^7#&:S\EM!I_SH#!.]]HC<$01!4XK('!!9P^#5Y> M!E^ NB@>87A0-,^Q3&.!94+'6($QQ@H $ <4"]R6/)8UEVNY7 =H_8=IKS]? MZ1:R#=U=?X.]UFGCY)WO'H%5D([>*DBG:!461+X,'E,IW"F@I,W8$A:.-#N$ M@ZI2H##9&R8JA0F%23Y,>A0F%";Y,-$H3"A,,9%7[R2PK M'9EE*1Z^R@MF2[Y&CNV?AY\O(R;"9_W"_R,4%5P82K8\8)J243I=P*2J=Z8GL[Y8LED 4B$LB%UQNZ:0_K&_Z:N6O.\M7&,DENF\*4PK0X M3"6!9WMR:^Z7@I6"M0Q8%5;C1()&DX*5@G476$6!Y42!H-&D8*5@W05626 % MLGG-WNQ'AVQE35QC))*4L*4PK3$HN&O,1J@DS0:%*P4K!2L)+! M'@4K!2L%*P4K!2L%*P4K!2L%:VFPRJK$*J<-5D(2EHV69+:OMR2DIJNV\B!L M? _.?X9I(V3EA>*;XIOBF^*;XIOBF^*;XIOBF^*;XIOBF^*;XIOBN^WQI?BF M^.X"O@G)!#=:NEJUD>_1I/MSE5@$)3:G)*>**PFM[8QG>H) MU1/R9)6F)[+*\DIKW4:HGE ](4]6:7JB"*PD53G)E^H)U9/3T1->965)!I=R MTE.4>/+_G:_#T*__C-\#GY=RN+J_Z3]=PHA,DMR^A,P^ +-/(;.;;'WI/WV^ M>XC&CL,X67RQ1"&W6FC837I(X9*0K0?B-T8O8S:(8:,O6.89N>8H]=7,$%GX M(,"A:8\_G''1WS/=,)9_+V7-<3%IKQ=,-@?-=V9IZR:_WUV__ 9OO%!ETPXO MV(VXU;7"\MH$@"]R@+NU"#)!C#YU MMG9OH\E*1C,_^EVX'NSAE>8!E\MC?C MC)C0CN!6Q4M*$JC^>4.X/[,_>UBL/V]!.:1YHP4V?FQ(F8MF+O*0[7N,#Y2- M=--EWG0K0)@"_,V5,YWI]CR"0T_@U?<>8\"+WG3??$.,9>JOIF7Z,"W@88AX<'S%*MI0S](=B=0T]H2Q6KQUL.!V?,>VA%1AX^/X*3!>& M[[OC_LF@'S-D&Z8?N%A0,/XF7 DH\+Q@"M?X$QAD#*'57;$;P'B_(0M?[IEC MVQR90]WVK3E@Q'*^AW=%%P *PW>%#PM1I _]0+?"2YFA[KHF/-@)?.9U'L?K M!;-%_ R09/NF;H$?F.N6;R(O>NQ4#Q^V5,=?P*@"?N$G&[ +>FF![;?-:3!= MW#C'E^*F.]X_8AB5+NK4UX26[NL\UHKPZKB@O"$Z%T2&(+W$&'W/A-><6_H< MY'DY,G\@XWTNRE?/=U>?C V0QJA,$OGKN\ ['^OZ[/(*.'6CD1V\6N88C(MC MWYK>4+?^0+K[10?,@)%Y'DZ0$5CH!3_A!?WP/UG.\,^/?__;W__&,+\N'W:] M,D^W8,[^B0W.8+3^\GYELH;P5GC($QI].'OL>P.;T[Z)W#=LM;ZMCB-=MI)? M'D:ZIN]+:.@"#[_T"0VQ:(VO-CP4( X_Z];V+9_F5[J/QHX['XSNP% NKS#Z M/TSOC#$-0 V(P32^23WAC EL,Z+NZ_/U&9C=H0GAC8?%_I&7>F'DM99A4;8W MQ;44ZF#TC,88UD]+0WQGCW! %1&^^'$E]:3T./X;_ =+[L592W&#(_'LXT88 M$YE5;$_]J*BDD[A;$O/&B!G_>\"3'I9XE[6!I'!* ;L@94&LP96 MUQY;:.%S(Q\9C2\+IA#[8&Q+P5Y;CAN.?^C%#6R2G5G8;PP,\W1QV,(LTA"P MIQ?A&T>.!48\? A^LL6A)"ST+D1YYI<&P.Y N09"8_.=^W"Z$WYQ]W!]@VGD,"063G\CS-B. M>\++U_\B/"UNUH2?5O.ZJ\']??_Q&2@8PD#J,P\F/0,(5F[O![]?,F^F9\*C M\Z,?'6R>_>$,3]+2HI\RI4U$G.2MQJ9Z4MW[7(GC\)@.K:\J C'[7/HKW=8- MG0[V20SV5XC$D+&6RK./?2D=_),8_*J%J^0Q>H3UR36Z\.WDU2EGI4E@KX'E MF:8Z[1#)OM#IT:?@IN"FX.XF>Q3<%-R-+Y:3U3.M1"0JY42B5_K,A#F'^6^\ M5#K\*S"]<$D!)BF>W]HQ#R3LDR2!O2K;?,DZB[M&5E/L%#V3E@*4:(#*,BMP M$LM)]' OBE2*5.*12DC(MU_R,2_D6]:9A"OMN&(J7&<_Y4B?!/:.NY=WC99* M8SGMI(NX26"/HK4@6GF5Y02ZC8W"M1MP%126%SCBQ_/X0\"&LWZ!Z^(Z2=WS M$$WSD=3NKT7[55N_/Z(GNCPK23+\TRCJ*>I/!O6R*+!8KX%2Z^I M*BN+-*/9?CC;;$8S+)MM.9@E8>Y"7">,@U7L'$,KC,/5]T ,+$NL+-$V9%19 MJ++DKXRJLLCR$FT"2[6%:DN>MJBLP*FLHIWTF@S^Y"OT7"QAXD/]S"U M9A])F&>1P%Z6/L?-$ FK8&3R3V0M/(4WA3>%-X4WA3>%=Z?#T6:3P$3N9")A M,D(">]TOOV^V[HJ>Q44!2C1 V]\?0I%*D4J1VK&0K]DR5K)V,I$0Z9/ WA$5 MVS=;H*2QLB(2/YP4K12M^+/ L7)[6T,H7"E<2\%5Y%BN=]+6E9 0L.&L'Q$[ MF4B(^%NM;R=K)R8I]>W-3G05EN?@GTCKTBCJ3P?UL@K3)I56+E/,GP[F%5;I MR:S*TYK*]L/99C.:).QD(F'NTFZY>2TU*Z=2;GXX8:7'P+S,*NTUA*+*0I6% M2&&EKXSV. EFC%1;J+90;_6([G_8,9.6YXL/D,HA+'6![=+7/OF8]5N5:JR8C >*$>/GZEM]VN7'LP#?] M]SD3'Q"W34!:8L)M!B ,/;(7SDEDNNTV9+&RZRL\"<]5R*!/0KIVB M[5\%.,4X\UB7&3%GL;* MFGK2&"?$G]/%?])L&UWA/+T53H7E>AS;TTY[BD-5@ZI&2K2@: +;DZ-2P9%C M^TMA)%CX>6,]^&?V9P^O0_^\1??9:L49/VSY1V,//E5E+EJNL/PC%$FX]O[J MN 9RPZ7PA8!"8B[Q.OU[)KSFW-+G3N!?CLP?R'B?NZ2^>KZ[^F2LQB?^T5U_ M7%+\Z[O .Q_K^NSR>3A!1F"AP>@9C?$I!T]HYK@^O./.'N%!PF==?9HO?GQ! M/_Q/EC/\\^/?__;WOS',KRF/F>@N^J1[R+ARIC-D>^$3GGVX:3##'[W^T#?? M3'_^@JE9/9$9 K[@CR.,PBC9\W4_ M\-9_X3%W0D0P,TNW&3W\;;4$RHA<>/JO$A["L74F\D8#P)B=I2US )2+.K(U>XJ,VRZ/H( M^3T."6SRV-5\"_DI[&YZ99H0/!F 4G/<*7-,#+)_X5E-$%M-*Y$UQ-U2X?;2 M2@W#4KK@VCNG@P1$GM8N'F0;=/].87]#1K-7$@K"Z^OZVN5B6H7E!+H+B #V M"'#A1"-T:/NZ5ZQ&7OI]N[X6Z\?^!/' M-?^-C*\V"";VFD>8+'J?YLLBO;#QQQ/NW;U/^W>Y2^W?1?Y"GOG%*3I8__=$ M[^\EE3$.]B3Y.=;GW6- %3Q?MS'<&4 ,[OD^XUTK"=MF>G[=GWR74F M6F&FG 36_>Z/M,EK0@2B'&]VU:/]?BD4=D%AV>\WA@0^B03: ;B"#R!YH3I_ M>I7B(VY^S$QWOI;9M>ZCK@*#=DZLLW/B\;5$)##K>")8HOU<*9)JM4IA5JD[ M>*& H&Z*&I?V)43=%$42=5.T9WB#P$B98_>#<>#YC""%)R^II[R:20)[M/]F MDX4EX@5%>-OLD>#_3P#J/*NH,NVHW#Y[%.\4[Q3O-(*A$0Q%.+7H1VG13Z3/ M%L4[Q?N); !NMJ[EB^X.)PP?I=Q:.Q"$A/W>)+#7_4TNS78E$"XH1MMF[X@: M"#8+5I'7VG2A%*\4KQ2OIX%7&@,0-H@4H]2F=LFF=C-M1*XZ4KQV=D )2?O4 MF/%-2?OV65>UF_H=PJ8I6>PBI*E>9'1S.@ MA.1_FBW[(2;_0T+&CP3VNA_W-9N8YBY4D?A!I!CMBA=M%JRR)IWZ*@H)[%&\ M4KP>.UYI#$#8(%*,4IO:)9O:S

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

\2.=?^)-:_T0.=U \@FSC9<5<2DVC^ITN7BJ,'^J- M<=!^9F^,ZD7R-_;2:%RZ\6/%\T<9$^6Z+&3BT?17G6ZR10A7)$OTV[8='Q-G M[ZE+/8L9)&D>1;JF05[8*FIKMB%5(*_.+?5MV##O]XU.NV>T=[O>0Q$A5>_F M^&@YF+'+NQH-]KTW.P$*[?7I'>^&R;W&%#9C=ID--],U7>7]I(;L'F:[A7(C:QXPSKR02QN:.)X5!0&S MX;J L*]SUP]$$@:AGDT8]IR._Y1;C0Z,!:_$?4C/\1B9P:NFG##/AF>L:B[Q M& PDZ)U'O?.X:UW\^WT=5]WY3<-4)N8:\K<-O& "NU3UMP'[R^NA7LGV!QK?&M\9W

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

P?%V<0% ME)V'RX;C'.PTD%< X\BS\!B;R7WC$:UH M.);U @YJ'5321T(L3=Q((ENX(H_8$:NE-GA-0:R_NII([ MVP;DBQ"^<5.KQ.I+78>%$&FW:/S9Z$-4SHJEG9I0)-RPA6A3,I-=ER*>M3C! MX="L%U-AX(ZL;V=<=C!)KIA$>#A8"?O(ESWY:N%V*^Y(ZX:QB#&Y/YPJD7Z@7D MEN/;RQC+V$D\H/*6@49W4"(_A>A,CH[8^4X%E^/^VGMJ$6^U)4C)9*-GWE0'C]>:)/:83LMA\ M;!F5;>UL:M=7A2PR%G.$OW@! U_W7W%V'N?ICI.,KFT*$8W(?JRS+$*MPD95RB+J+7WA_M3RF>8DWC^6,;^<89]>,>*Y_Q M["5,D84+SGPO2/Y\3[G#KW 8WY*3WZLE)W]C6=+E&/KVX>BCGH7% M.U2XB*L9ZSL4,%"!O!K"Q KLD*V/_':C5U^#6X-;@ULM75W<'3:[F\OA*M'? MGVAPP^+P'(9M=8_'K4W=^L;MK29G;)7(O4[;Z)JZ1:-&^M8C?:&MX:WAG=CE;;2WO^'L@9TK\[\D)'! M2SKR;(T9M[T'UC4MZ%GA9&A?18-\%T&N*Q(55_+U>NL;#?&K8-[I0^8:$[A< MWV2I9 QH)M%,HN1D*6E,J, MFSDR4=[XHL[KNMY7U_M^:[Q/.0IWIQ3KWBFH MI]XW:<&<*_LM0E_M69,LKELR]!:D2]19!FJ8Q[+W$K=5( MUTAO%-)W>K-;8<6NRWVW.,U!%S$J.5G*&0*:4S2G*#E9*AD2*C")(M'\>J,! MNMQ71?)T/:2NA]3PUO#6\%9):2OM_>MR7Q6#GKH24I?[:I!KD%<%A> 5JB<7I)4[8S5XU^DG9K[7HY32HAG36)Z:^YE18&S^O98[*4_ M/%Z5G7S,3G_2,XOX%?\\I*,SCZ0W\Y!_Y*C\[.C MX\]G3QSW S*_ OE1FZ2HM=%#%:,6XSG!>CY/J 7JDBO_C@7D=\=UR2?'@WM/ M0[M%7DE:#CJ=]KN3J]_3O\QWQ ](.&5D[\B?S:FWV'M-'$XL>)/R'O,8N=3\F1[T:SL4,-B+B! MY]@^<9V9@[#.MFTL"5AX_JESR[QKW[?)A4LM%I0-^?3B9/G99^P6D+@T5IR? M [/;[O: EC$+0AKSHB!.?I&_H\ \D@D%TXTCCJ2*>:?6/YJ-!V-YN&>"%\Y@Z9D<8_)ZW\.!XWRZ#.:X148A20^\ M)]VV0= P-<0]":5W-"55TB2?PT-ZS<3 T=0-?)<32BK5P6;LB"5J^$<8!K ! M"B(8#T([@\-OO@N8"/R_F25^E>@TR)?696ND15 %P[P2R(L\&MF"/6'5;>9Q M^4D8NT(9B25R9F22)E(!4 !?@&?0,O06^(4!*..LH+S._?1+XLQAZ3@A#\22B0>V"#HUO08!X M-F\]C;B"G07"RYGA$Z2()G3F1R NX[]&X!?&.OZ"+I!GB TC!;3_AWH1#1;$ M[(@W#,DKP"J)TQE0IO^0-:M+6(>#Q>R 14>]$,;.OEJ,V?S>D=%;ZK@"_6+^ M@1F 5RS&BW,(&@ D+,>YAP'P+]3(&XN)\, K@V1 'B (]82)$ 4P//Q.AH6U18: M(;FGQ<,4DUXVO 1ET@DRX(UE7>R8 :(=B:XT@ "+10J&.;EU(] 7^>7:RQT M2W'ERQC"6%UDH56Z;6+3A0!F -K&7L1V#Y/<9;,)C=RPE7]U_!W@*,37B]L< M9A??,*,+^6.,#GB^S5RP.Z36$+Z7NT 62YU9JG> @DE'@RB*F7OV#XIL-TU M&BX)LPE\XYWYNX9]PO^)\-N9 ].3V3PN"LLYM6[ $#-03 $_D#"(I'TD.2K6 M;K.8M4!/VX4Y $M2B@4A]S@(W&0Z>(3>H(/SA\P.XI%/Y*3Z40@ZW;.%;?N( M_)*3.0:YB0^3;D>V: &+%3*]!M[D10;&H>._?.H'X019KR")A+L#)'*4TZYS MP]Q%)@2*9(FG1"@1@3X#'XCDPVUP&8S" [7!.4@C6#OQRX/4/T:Q%A#5&)M% M'J@<\%C[B-[\-0_*VT&V,@ MW>-A(.7#S\+L-5-61)[4]$P(* M)&7I["T_V$ CVTUN2<:7B?F"KD5I31U>5,EH6^$OBR?PU"5YK.&B(,/C,_!Z;S7=@7ACB)<*&84S7W6IF@EP@33EDJHF"UP MBU'(C2!!4#S&F>A* D _!O9$ZS/_,AC8TGNX/ROPT#*EI39-9F])'F2>'UU/ MP?R'N89GH*"")7_(&$O#/\^7M"C3GRIMA6DC/ 5\WY@M?,^6SE)T,>@G(^_KL(LIPF$P1C"E'HI9CQV[<-X4+$$6@*YX%%PL+5<8[4HLH>2M(,T$+$IT;*SK) M(D*3!@D%M;E1W7C^'4:5@28YC!3[J0<9*QR,5$8!3@H ^4/$Y)!@D7*L9)2 M.P-F N_,&BOC)@-MN150/X1;$1@%U]I(E_(!>Q_^B7!;!*C$,%/ Q,/ >5T% M<()8N L#5RRXE6R!BE% +.,M(7@0J)8S%^OE^=Y^\?FH?L',1KG 8]B+MV"( M :CG%CQIP6C0JC+LNK*!6]N#JU8WRQNH30F1RX M!RI_CEG :!,W;DEMZ14$;7,!M'L5,KOC[-;8#EDHE&_-R[-XD( M_D9E(:[\T(2?S5[!R)%+AOO"T8C"/KY?^WO?_3]4$0@+V,= M#V_=WT_H=1WOYNT$+@$ LU/X@WP57P4^KM8T#.=OW[RYN[MK?1T';LL/KM]T MVNWN&_SY#5ZX%U\?+N9P/5 /HI#9>[_BPY/'N[X57S4-D.+_'<]#KVL6;X<+ M:>@'R9>@I9@KOOT++GP3#WEYT,\8<'(+O&#FPN,14LS;_W)9'$82YUD:Q\3FQENZPPCMX3 MR!9B(='O@=A%1(, 3&F*X12PM4!/(HM+@8+\#\!W? PRI?'IUL]O"O-ZSW2/ M JLP632P]DC,YMER^O%TQ7]C?"==2/D5W/?(DL57O)D 6O:SI5O&P?WHZCP5 M75TUT-7=^_6#CWFG?IAXP)F%(Z(!>5/#0#B 185N!L?--SOS=]*[]D7HJX IWB45B2,]@$ALK(RE$G/0'@5C?;S(0Q=LQ^7!SV$V MI(T?^ OJ2N,X9V4G#/3*%YX[_ 0*R0-.T]E=Q!->26K.Y@?>3VVD\E=UC;Z@[72.Z3 MM?M!;:M[L$9RGPSFP]I6]W"-Y/:?2J[9KFUYS?8:"3YX,L$/6*O?:CZMT7[J M'3Z9X$Y]*]Q9'\'])QN,Y@,6X[>N\!K-C?Z3S0VS5]\*]]9(\.#)!-=G8)EK MM+#ZPR<37)^)959C8\&HBN;^*?P!W__\!A_AO,7_%P3\?U!+ P04 " !$ M@&Y)/<-,8D\/ "3GP $ '1H;2TR,#$V,#DS,"YX$E_*+31)88'31WBS=Z> M/4RZC1_.C)]^_.YW;W[?:!AWV,,,^=@Q'E?&+?+1A"'[(X_IC=9YZ_S*$!/SY\_G#K3@RQ;.;;HP M&@W1#[?G>($,'[$9]OMH@?D2V?CMV=SWE]?-IJ C_GQ!/"RIFJ*/%U>7@F\7 M+[#G=RE;W.(I"ES_[=FG +ED2K!S9H"@'K\&TB)MR;/ M][VQ9#-NU27>QU3MYT?FQO4OFZ+X$7$<5Q>ECK\F2%9^U0P+UU5=3;L_]Z#A M9*-$4YEXW$>>O6$BPW0D8NOJZJHI2^.J 6_,$%JN*T\1?Y15HP*IN,:+5N.R M%9/8-/!\MDK+R+%]/J-/S:@PCRQ@#,:?BBXJS2%T,,FG@0)1_66Z.GZVY_GU M14E.^\1[PMS/)PG+!-%EFLA#Q.;Y-+)(D+32))S8^010D%,= /!72\QSH9$E M.;)P?\D4G4!)3B\.7C)LBXFO'%]73<1L1ET,'-A^ S\O7>0AG[)5%^[7"J&> M%RSR&W%\UA0<-Z%2 VIA1NPUW6ZBB !,B&&\09Y'P;: 39+WXLER2;PIC6[A M@1C?UX+A"9 ;XN)A9*E-@Q3MEMJ!,#&FYW0\G_@K"YID"]G1F4% .]H:Z\[C M[AT\)1Z1;+9>M, JQN3)2VC*"-LR$HV]:6ZW\-WOMIL/.'8&WH_R&@#DT)JD M%58CHH^JZ&DWG92EM)%K!ZZRTXBLF<(BT>1>(+6IYV /NH +3EWBB'%[@UQA M^\9SC'T>0E6@GAZP"T!I#!K%$6+M0?^VTQ]W;L75>-"S;LT)W-R8/;/?[ACC M=YW.9%SCMC]N0P36WY]CGP!_14%,$^D1O=P'4>/[5!=_JA$NA;#E^6"X%VNU M\\%TL!1>)G#&P?:UZ0(T- M\Q>H-Q;0H.'BCM.?)FF%O>> Y3 M<$Y=!P*1SJ< ULIRHT37D'Z(O#IDB+3?F?V[SAA*P9:8,#H&O=O.:/S'/UQ> M_=7H_.W!FOQ2#Y*#!PGB\ZY+/Y4>#/ U,8L\L7W(=1C_1?AEQ-NNY1#.W!SU^F#D>\!NMW! MZ%Y:^S\;?7/R,.KD+ %W ZM_)X9%NS/JUX"K +]!G, $'"8$#@'-*] #]L,V M8#?FV)(S#];B,I.FL 5,NBFA)?.22?V/'M,%_X9+S M-N7KJ%=300M4Z\4V4&US:$W,GO5W6-[,-G@K8TO,)C!PXQHB-42F;;, .SV" M'HD+7.,(F9SG>D!:VX"8[?;H <#H6>:-U0,P.C4,ZEP>.'Q/T"4$@I'&HY@A MKT /Q,4V$.#$6^]A:1&!7H1%[<@KD9 Q5V270@A23_2ZO]S6O0RD8MM4*UVI M=#R+\M1WF,X86LZ)GE5?@(NR(S,$3,7TT8\CBR9<08:E]9JH?B M]384HTY/I@>&YFCRBS$9F?VQV9818XW,GD')!#VZN%AH$E758Y8)^@L$*,;W M8=/URX!](I4D@KNKZ='+9 "T44N-VQ[A2Q(N9:D>I4P2(">4J;'9)Z9)@J,N MUJ)SD8G\\^*;&IY2@4X2EYSG>D RD7\JZ*F1.#3Z28%3J*H>KTR"8'0R9QWIP,AF$1'A4HW"*UW.WV$?$Y1/\[ =QRN?P9O0H9Y(1![RZ,[Z/ MNC:BONOAL6^P%BFR4+06U]4#G)UU(@%JBG!S"3(]D1L=70 M'0Y=JRAVK1W@99(EQ< S6C5\!\"76DF+5]=#639S4J^)^Z=04A947:P'K%@2 MI3:7>\.3FF8[:VG!NLSD5'1@U7-JG]17:E)IRO5 97(M^EKMCU!J7NVN MIL>KT&:,>F;ME[5,3:F\ CTV^LT:]23:"XR6$HT=SOIE=H-&+ARUVYF'5<&Z>N R203UOL__:QS%'W%0T@A/#7D"T;4XW.7M M&2>+I2M.+I+/Y@Q/WYX!JHWXP*9?0>;SYX4;UQ =:(Y"DH-@6TU1OW$3T7$V M^@.2H!&ZQ$QD_YHQ[V=&\WAR 1YEY4I#6$FI7/185BH@P6YE!8+!7U:@K?ER M7+'"N98\\PCNDF4>LJ8Z/"P\GZU';=F4AD3<-6*ZAGC4:%TT M+EOGS]S9*+\,$QL9RS$1T^W!1/[1; 6[CPE$OZ^*]J@]6TW1L>PTE[")79_' M3QJ;IDK)KSGG3,=0#EETW=@TL1>?'%>$D21??'*J4W#/I"C&3)%S?'35H2QDC[8KPL.&*KQL;!K8BXOM\_**\!#3B(N#^]\^2J\0 S&1 MO-J#A>RQ?'*Q\?!,.+'%+)?+6(I*F*\K839;KP]FHZ#Q3+#@'Z5[_>&$15E* MMM+9-+('A]HC*HN,E)A&7#0VQ'MI*'.(8B&%;%,=BE/^^8_E.*%>?V]F]"=G M[K_RRK;4-C4ZM58RI#\_TGSDXK1<&*^A5RH/?+V&9\2;63Y>B(CJS$!1+?!0 M62!\5ED+W$1"G8FD/K$=<5^YOCNCP 8N('HO2.T6 9=T*@^3 ;$)5VW_EH6W0AQ<(+S*Y&5ANS/[BJG#\ZSE0,CMX MQ%9:*<>52Z&]'GG"WHQ29QBZ_JM[O'C$+-9#>+[JM4,7P, 7'1-*QA2"E%<, M1$E2Y?RKC_^#>%?H0YQ&%KA .^MBO"7B@L(RB-@J3\@I54-1 MO8'TGLB1/USG':2U$HG*&Y?:'[?,D!\_/Y("B@[1 _A7J"2BLSPG$/8&\XVU MK]Q"5(!7A92FB_A'-&!]_(0<=$==1[3%>[Y3E55F-X<*T=[AJ0N08"8;KXHX M^5PI1!BBE;B[#?"$)E]*@+MAP_.U-"#*,GST9:?=3OZ*NC3#@-ESQ/'@T24S MR5-5\"K!JMZ0Q/0]#,2\>H(69%,MI/A*ST5D<4>?,//DSW+@B@I:E%6UXR:9 M#)"[H8%)8'GFU,>L2P/FSW_!B!W!-PBSZ?Y.U\!FV"GGTQ450:$$\6LH3N"" MSZLX *)"ZV,!7E7K8Z9^=6(2+6]Z><88!KX8.,)%:LL\M%_=P:IE6B]H%+>U M*5M2\3-&OR5YM;SKQ08K_B]L^[\E:?-8WAVMY+OX7U#8DJ'T;LX5,GE1P9]XDR9$9G-CR+W:=R$X@*H$D>212#X,"?V M7+^@\K@3+ C:FSUJ$"TYCDRD@H<29GK2&HM!_\))IY/)IAI.>BU4RI9$L\W[89O M_F;0T/'T5-B0EAP91Y1Q5U(W1$-&EX4VU:R'Z4'AY4Y5EBJS5R1]BF MLW#7=74-0CDI5/-#?*XG8S3Q:WK8X^&V#\;$+ZB)>C>K395HF)@BS!O(Z(ZW M!>MN:'@M+[3?6U&8(.=?=ATYC53[JI#OT=L'++R =<#<><;,)AQ+2[CU;DBV M73']'E]D[4O.>QD(O,/(]><3%G _2KZ$KE15+%497E6I(BP\1O?!6X('Z8&R M>M3!B;<>E9&U,*/*UZ,;LFI)IN9,(Q3^V/H?V #L2&GH2!&'BX*LHZ@4@G5M[D,_W6E)<0 MZ=3*FS/\S8V]E% G5J!X(?VMZ2\ITZG5!P' -Z>^A$PG5M^8/']KVDN(=&KE M88B]OSGU)84ZL0([PNG_UA28$NI$>8<^E?N[L=,/DLK;.^5PZ,OOH\NC3%@_ MB=!Y1%<0/Q)0+\I"B,A^^*!E3"4)9^,XAJCZA-SC>1NK< MK,(/J@[=S'OHX"S(I&JJBKD^IRY,>RY>O48_,U2E/8 J#G>!UD9\'DU&#O_E MUP-4YLI9-)17%@2T8$Q\;GEAP'O4K4BG>B5P- D5&KP)^5IW$W=1HNV(FYO5 M![0:3/O8'R^P"[5'V ]8A=/N7T!TA=*W*XJUI$O9'@Q\;8-T3$F.[6!$'SB@ M&1Y,MWV?KZVW$PEU(A_M#BJ"1Q/G]]>_!U/=/2FGDUCESBW$L25KP]S#G%,V M\(94O*M]PAMOY!:#>UWIUY%[B+)K>2[=Y ?BSXDWA.%M,_*(G1"&P;3ZVCNE MS$H?/$W29701$^5UN#'0X@>=&/??(3>?W4IL)3JA=*H/B,/5:F-KO_9RD<.0 M=JOD9EF5GXA%'[Q[L^@;X^K:[8+L:X1?!(M86^$H.!Z*1_FJ3$I9!]EST_-@O#,.B%4EUM[%WRZQL* ;0U_X4R 6X@I+N)M5Y:$$R'6C8VJ$ M"9,?]Y'' +R,<<"6;E#A';Y%>"^<YC,A3.;V)M%D1TQ"9I&2@""S6FFU6IEN [[IMCF[(;"G M^^];=D/"B]MV)Q#SDX]_!/_MW/PO:/;N@FIP?W]_%$$+J6KA M*&1)4*W*^\2$?N\C@0,PC(KSRBA-QV>UFI2?]7E\Q/BP]O[X^*2V%*QDDFUAH% 2X1BQ41-"M1<6JJ!M7NPMT53S$G2@_# "::I: _:8QEYX'G1H""; MC#D>@1Z9XFLFGH?I"7=[.=P72(RN8G:_\ #1J3%,7D+QPUPO],B"#2 M>1=,% @W4Q//M[ 1AGR"HVN"^B2&IK&S83K-O7KL$J>(Q+MPW$-+^_!?03,- M#;R$-^N[(0Q>$D5D/%-=BW9CF>I1CZ8K2T73;__#%7S0]PYYB%:W>+ MYK.$X%>'KW9>EI.MFD!7+6- MS.M-)60K233$=B]EX?<1B\%;0L9Y.C<$C%WU,'&_MKQRL=Z+*'9Q!S)*S*>4#L;H)>0_4J3H^9N\20!(1$P8'/,58,T*B1,)Z2O]1U MXWZ B_JKY=D-OL?)ZP:/UQJ *<0X$E?@N)80$UGLV1ZXG:0YZ'H0 M +OI')JB:QMVYUVCE]NRSW\P[1"/6NVMZ.@%061/2#P!B4W1@YYCA;79*6R8 M]K*/NO6 )%Q8FM[#4^C(T#7E,XWYG%@URD2&%8S'B4PS&<=LCG$7J]//0AW* M0;=,-!: 599G28J_?. 0!\;;914.I2=&K?^?Z15,V>T4E/? [F$+8[DS9

LO>FG?[EJ#.)Y>VOL-;#.B$/7)L;'*N3^Z;='@?[ M6SF=MO+V:@Z$%G7:5J[Y*J4@2H["OOAZZ$'-#D& M1["((2+EJF3 >6#+URP3=U8P]I/3PZ74ERL3/1NF>WP@V>%L@(50 MEN4DW_FB9:)DVWH]*Q_WD MT\5#ZAO&Y)0G0"9;!R7FVZUU\ZD/@7\L31!@_ MNYBF*+9/'SGR96#' B%O0>H#2W<<3;&,@PDT.T\*YS ^4(%":>FREOH+'H",^0BD4"L^$&H+T4UR"P'T>%,V MVU618WX&6QW+P15C)6F>2AF)S$?C<2=]Y0^%%.7PB<][>%%SIQ;S&4K;;L52 MJHP4K0'P>+_6]#:%AQ&](\]GP.-IRDE_DLIB\3O602Y%7L]JV@/BGW <_WS< M'H_$>> >AZ1?6"Q_5.9Q9.KA<,*SMR5Q(N!?E_"5#K,J9)?D:H_W]"#"=M4# M7<-P!U[S.+_+0YV?O\+B4GU;4!_]>Y*E1WL:_?9ER!N,Y'VYTGGX?<&20HDANMG( N?LTGMW-8]'93!4T@?-$@[6$^):%\P$%ODT'6@S[E MY.&UZF<]E!>L/A<"S8W.7A$HI8=7[-]+IJ9U:Y-."6=JMUJ^WB[?O3K!,KI9 MA^/E"HX>?DS$IG'A]"N"(XC4W";%,KH>Q.> MO=0-:6GXBEG,AB14)3#P93R:"_G-Q(1%IXQD6"!Y7 0D+6P/EK^%TY4O?^#R MH9(;6-I!KKGX'513-F;5+ANAAW+ MZ]'QT8\?/SX/8(8TF^&S%TV.CH_I>P(__//-3<@1$!8FOWX:I^GTEY,3^OS' M6QQ\CN+1R>F7+^V3Y8.?\B=_^4C\C:=_M)?/MD[^W[>'%V],)NZQ'R:I&WKK M470:UKC6Y>7E2?97>#3Q?TFR\0^1YZ89JZ1T'7&?H/\[7CYV3']UW#H];K<^ M?R2#%5WPS"!=O:8X0?8B2:IA* MO*T^W-=C-QR1Y#Y\&;M 1!0,8.FX_<<,-,OX MSIZ B6$Z)JGON8&YCVYKVNI(\CTJ**Q#CVXZB\G65_ U@AT.J/)('-Z0U/6# MY)5\I#-U; 9>5!WMG>O'O[O!#-YZYX? 5I]2E*1QMBHGBQ>J0E*=S8"^N5,_ M=0/_GV30\^";3'S*K^LHT:999:8ZZ-74'HT)JU/_3 +ZX<&WEL[AR!8FKI>I M9SG2568772Y*#J M;-7I[GE>/".#!]]]\P/X#(BNL 436*1.4_3R>:K3>@-GA'<0#YSK%J^9:[)2 M-(--^C29J3!1'6M^R]QJWS*R M"3[N)=Y1@KFL$*?14(LT31:0623BW1U*Y M4]L23T6]I.>&*,-!8/\QVO >8;N-% ML+>0<$ &RU=1BJJX'#.7*+PRB+R-]P34;QO%3$09FH1XGT?1^\F ^("JU:$_ MT"6P<_REM7#-_AO\REF^O?!2 $7N4S))EK,'[AL)LG9H@V\A-X36?P^BA Q@CX3C?#7A#=WD+>/$ M+#D>N>Z42O#LA 1ILOQ-M@D71+GXM;/R UX';I+TAR]IY/W9^_!9*B@=XYR? MMBR*5; D2L6\$MJFB!4AL25]VI30BD3>;.RX#&GM/@R83BV*B7<:6,M(D>ML M4?'PL&74WF,9.3L'-)NRVCQH6A76&AA;:#5O9:\PK63[HH\X9Y>7-D7!.I>: MVK[6]+,YWJV'XSV@94#IN0O<$8?E&\\XYU^^[!O/&0#83#^K5\V?2.Q'<-(= MW,"'+-'WC6KS#N_,1S@[\3-[Z#W\@._%M/ PZK&[A- M@3"AL$5RT81( MNL5Z%!!T]DTM9'&\LI>)-G?,\ P.%Z3=;T8K6,)I,H MS.S]+%J7]&*[O5VUQK?6]#(.WVOD1 -"5E.?Y17F*] M)(&MOO=&G0]>*I#6YH-.NT';OM0&QJ#?2F"DJB@6YJZR1+:>=]H-&O@"7HN$ MPH)@)7Y286%SDS&M?X-_:!G8NQO0//Q>>NW&\1Q.]EGEBVBM4QGOM!OT!\A% MPEGNE)%9B<*4%^E33*:N/[C]F%(S""#TTS&)-^ +!*HPVFDWZ&(H*TY57%;B M-X;63M4UTVDWZ&,H*Z!=!%8B-E6^JP@,E73^%+AYHB6L"E.Z2S\2\0?%'^9T M&DP)T-[4I$CL!';*2^R;GU6C+NCV22*6%.MQI]-@OH"VA+@([ 1YJBYKTO7, MZ328'%#RT)?1;"=Z4Y[?A0H[^' S$VZC^%_A5*XZA=-I,'.@E 6EA49$1@ZB8Q?Y#30>"PX/%>*BD6&'$8J8&]RO.B M64B[2G1P61WZ-^2BTI,;2203NI%*BXF#AR*N8.#AQ,6;LR!P5P+UK3K+H[KD4X7@>-)+@^- M%7(+&T>2C3D\"I2J?7%.%X'CJ?3WE5'/D4%C3I!2;@^!+=I%X.@P8#A+$'*D MV%PJQCH/41JNXXW01F.>EY,7!PI$/!O<)\PA7(2;G=)$9Z09B.UR< M'+E>(B@_T6\_OX'5Z)R MCKU$Y5RG\.'\\$I4SO>F1$534FA+5!9'@'"T2$I62>#ACG$N$*3*:6UK8BC& M:EAVVC;#+QQZ. .5@)??$:9'?O]212G_C\7EV8)XESRX2;"?-Y@(8@':G,MR" @ZT4Y#5VWTF07[)"8AH-ILX.N<2$XP#JGA[> M%&!A*Q!Y<-^B.%.V+&ZO\+$Q!P"X/?,&J>#!5ABR@T_',0J0]O10S8&"K>SC M,0JC):5Y:M.RN8;7OP56$23 M$:[($)X19_AIS.*T6@@\2XK28HM:&RVVPI+<3Y:W@:78LP05^(U PKPA !#! M\:62.,70L)62? ]CDE^;NU2V?K@NB1'MD9*1 !>!DZ.2))408JM+R5PT.529 M.RI_RCG#X"^L)*@=--C*3+CHRIQJG-8I@GJ[2@*38,-6B_)(TG6ZO4ADQ>< M"H*M3._0N4L_MC(242'$ZICT1"/:P.8TC?VW64HSYUZC)U>Q4MG4*X"!"'9 MO2P:H]"QU:+PT*WW^=^B@-Y L-[N7X@WB_-4\=A/X$\W\-]PE-\'I6+*6'LG ML!B!36M68?24TA +L578\.#RS<1>.,C^EV+V#0Q#X%%J4A'U."6NE&JDI'\;D$)1L6 4P,00#*U! M(:1,X%0I-.9Y7!;/PL:>72-UY2:^!ZOEC1_,TG6E'2OW33P2X.[;V5T)$4> MC;D?_X =;PS4]=Y)[([(XXPRI#_, !2N!%.7:[D)@3D(#M-:XJX"E*,%ISB+ M6Z_';C@BR7V88=NL9M[#RM96M[&OK6QI:\MJ9WG=VM:,@>R/@D7WS^K6[9*W MEM4V]%7*6S.!243+AG-@!:XMN[WJ#52X9ESG'",Y> ZLQA4P[4N1J[:PT):Y MKC#F!P!JL41A=I>2XFK(&@>(;5IXME=$/B1D=[=M$2K]Z)C/P_Z/;&WD\Y]C MJ?%A(:NG-28PI NE,C'))JLX!'$!0(* O53U\V ITMSLT M2N7)'@#@$.37:0M/! 9;$6[5II0M#)=&Z'JZV"BPU>-F/MNDX) 626;[68"$ MH"174S!L$-AN>ELG$22O$6?[S:"\N9F'?D+3,[/T@V<"ZI;X*7DA\;OOD3RI MYIEXT2@7C:R1NNU7.ZTS!)DD>EI3#T^PU2H?6$+>&8*R=CVUL\P,;!77HAP* M^&*H)]0?^MY6EM4=,+G7O[Z_B^(_ #D91#_"_G#-ARI:9^C-3G?_EKQ:6(*M M8OPOF]QYAL"19$8_;7((6\U\9F7<)\F,#(K+?':DR/[6SVA-;C]([/F),#-' M>R[GO+5W2E,2)+9J? Z,W+8Q)'C!9, 4!%Y,(Y*7HC17P<_IT^0&V=,P/]T[ MKZ,P7WS(X&463X,9OV^3;"#0OS<'7AU$V,KK2U8?GNW=)\0 ("Z71Y>IZ";C MNR#ZL9(F6@)%6C0/?/O,2=+*5SFTM6I2R<<\&] M4$(XAY:7>&XU$&DB+Y&?,L_#==I.DVU86%-B\1SBYT]W^*HW/R))"Z[@FIW6!(")5CW39FJ7.)62)JSLX MP(:@CT*3&B#B"[)T5HMM(#%<)=>D%B@Q"%ON*_ BIIWT;TC^;P'](AM)X8RB M/@DP 4&HKTDMT>45MA3<7?I[GA?-@)7 / +*+G;LJ@P'X A"&KJ"4A4W#R^V MA-Y=RI]B,G7]9?/_),N;T!(U:P( CZ#DP9:P^8BQY0GS%?7)G5,MI2=:SXMG M9/#@NV]^D*UXI;YTT83 ' 1^*]O?OIP#V#)XJQGHUMR=P"P$+C(SZF*"$]@2 M<3F8[OS0A7.6/6^YY@N >0B<8$:\Y:608\N>!5 >(8.$9N_05"MZ&6Y_6"CW M%6B$=*S3Q9 Q8U)\; 519 2V5-1JC+&V5#BM2P1^3OM:8X)+V+)<.9CR"UPL M[D*:+P#F(7"A&=F%2B''=L?5[7!(O+0_O/WPLLZ$S\"8?DCAPL&=_D/K<=_= M@/J1!,JA,PTP D$-N9X*Z./#EGC+IC7/Z]X^VXM2=#2F 48@L'/U!*V/#]LE M6&P$/5C"XG@.*Y.LHEEI/$!'8).:$"T3F/@>K$8SM:_<@!YR7\:$4!\++;<: MD]3W@,X]S-,^:\QJ+YNF;;4N6C=+F[*/$Z[=I?IGCO9VQJ;5.LXJ*=IGW$XV M8C 'EJ!MUX=A(#_[C.OHY* YL.SLL\Z^)&=K2@IM:G;!M?5(JZVEISG6\\X9 M3@.,OYWQ82!+@BX0FE?+]F;I.(IIQHR:E+9'.6 ^ M'$;Q)/.!/KKI+";]8<$I&@Z^1C1T'($M&XCL:P]X4JO,*F== !="C.R%K)%+3M>R4CMVJ#V4/1'49E]<= M+E^0^3)PJ0TNOPA"_;'@86$>F1[\=Q*.HFBPI(#;^5SPM(.AHJ/2Q[I[HA%! M1>94^>:'4>RG\ZQ+$4G2_@_81).Q/X6=U8,SD3LB5W-IETB-69R+!AUDY@^P M93F S%-S-4NHI9F &?SFAQGLG!DCZO$%'OB#!3>6J>:BUODE9@/3O,&L2GMZ M49H5V)Q$M:0^G)\VN!G84P(-\"C<3'>NGX>(S">/E?>LNQT!UEY3U.Z[2Q MH[L)(+(T#F/O<%I6.X4*4T L2)R]&!CFUB'XNE8LN9HO&)"W<"?_F-'6V1*/ MEL)H8!6:?!3#\I2>!^OHNF !X8#-' /42+V4+,J<32Z63 M71"EE@/N/, )JTD)959^J>#4EP0);F3^IL8T .W64)D7T?3B=I4F& MOB6]2U4P"HPP!(WE2GRK$DGSD")K#\BB][24/$]7*!'4MUJ5YP929*W_\K/, MBNIU#H9*%UK96$",H(U3;3X@17Y@Z_;7>W?]@)Y+[Z+XQ0W(^CH]D>RY@P D M@C1115EP!"D!AZW]'A=LF8_7:;41+,C5Y"?&AJVI7F$Y*K<0JTT '$-0Q5+; M:JS#%&Q]]]8=8M7:ZC&?!V5'L/OJB($M2 $X; WQQ&!+?\$ %D%SJNJ25$$I M;E976R>!O$,?+<'J>?D5ZUF.1])HG#Q[_WU(ET)8(_V %H6XR2KU<$WH[<YU'T#HN 3[^;#OV!*D:G\+G KYP' M,G*#VS#UN:43C*>E)W M/I>+N\S>I=M*5-8BIW&XS2NPO*Z<^,)Q(%N>%Q_H8E%FG\V5QL&ZC.!D5^N6 MH\@39,'-[5.@R+.R]:C3/470D: V&8O9((Q8XCG=ERJL_GG(7RM&M]U82&,# MT'U8$9(L3=;"VYQV]\"LCTP;V,N$-?[AL5D.K5R\W;49(-#*R;*F/6QE-< W M9*FYF(J VUT<2;P&I%Q>??B<09;SBTQS<-BRJ%5HORK(VY<(+.-J7^RN\2L$ MB\SD?: MNWMQ3-NW9YU6X862SU M(6SW#]& ?,L:DET'KC\12TMQ- #!D)ZC+2HM>.9R79F">BJ0H" 9WN- *X+, M.'U1B/&8RU)E\GZM N-6.L!')9VM.0I<#T2*PBI\KR 'D%?87UI&@*.+;OU MF7) YH]S ;"EL\P):2FI$G+?0I/ 4PK"ZJZNZ\3<8*N%\D'%MJ M:2G^XSK!EQ&$[(S>W"W&W]P/?S*;2$6R\1Q 0K W[2@[6Q0,RK'="4RW1R4A M%)\#* @JE%2%L$LYMLMYGXE':1A\#[TH'/@Y74^SV!O#$:C_%OBC;&>\FE_# MT644Q?/^D(:%ET\,I,'*ZM,#XVP:6ZC/%<;8A^T&7PFB-9ZO431(^O$+B=]] MCR09@X'W4O>8F1!DH1G/7MRD@(77PI< -WH<[>DJS#6GK[KA;/YHP >'_5##@A1S@";\QG MQ2!6N@]SQSA=),%LH0B4I58$Q9%;8[XNXW+#=20R+4#IP:4Q']G7F1N[84KH MRI3,8KJ=TX;KM$Z<0N@/KT@(4D@ER[#.-,"0OVH$09]-''UIS)VGBD"Z&NA- MY'0[S5:=EI=@-4THPN?H0F->Q09U ==VT9Q22#<64QE2_; ?7Y%A%-^ZWK@7 MAOX[B1,W%IM=XD% /X(^D64^Q%TK2P4I1T*F4J)6)!!*P_HXHBTLV7A @Z#] MF&&YJ8'F%'@TUACP@21)%--$%IJ"LDYE21;WY(2C+,DE>27QI#]<\D>8;EIF M0J?31G"97.V%D568Q=$D8^ZQ*,ZK5A9.G]?HBJP;/7DSC.E@W^I^?$:+?R""RJ7%^,!F_),-6E+#$.S M.YUS!-FSS6B("K^6]P#T$J<*UZEU-/.5HI*FBQ.V77L&Z>A?%)J8:>9QE*F$(Y0=P9U$LS!=K;WY4:T?/D64(^]D'16[(9Y?]!%N!W=UYW$Z M%PBLHUI5HR2/.!I0PK4I/B1ID_>'GX[]\"G.JK_?R.")Q'XTZ \EJF+OA<"O MOY)]50+U= 9,J&*V"1-!6W/Y6*?;^JL9EQI\X4C7E&MU4W8'[-0H&M!U< M\I .%)KE\8?![H7 8Z7PU3!"84K0C+6194KE-S*$1T8D_AI'LZE0$JQ'@40$ MF5VEN,^'@ZR+ZZN?TDWZ/AR F30 XT!R_& ^#URPZ2=J]N A0(RLK>L.I30 MF6&EL,?^]#627/Q5&J #76 ?8 Q([K&%.'_&5'FL8B M9ZUYK7!2U;9:GG5EM@5;8SN7*02[,(T%S7 M6S12P[4>VQ2?M-NCL1J'/&1T,R.O49&410R)EP8E'@4($"1GEO'>*H/#UI7V M=S?VZ;J_3 C.-_;^CY#$=*<7AE:UYP 6($B4K.*=UX0J[H%;VVV=T63BIUG$ M;A'S:B;8I=3'3"WXI3>5GJ*HP"2Y"%[5 I#"Z;#)?F-';/Y.Z*JG?S)&\\@$+0R;/2M[QK[VFBMQM5 M7%STM20E3\A3%*/26 "!(/?1L @UD!L+40JRUK.[B+Y&[R0.*:0[HB-"M?%P MWD80O#-.;O2%$^0A3R9L #!??@(-N_K#Q*\DV_PS%AD*ZI/XIQA MJ'JVKA<"[,A"G7SR7PAE3IF58FLX< ]!,5L],M]&C2V:R:?\=>S'Y:6]&@VP M$526UR/L+=#88J!\PN^B69R.2PM[/1R (^C+5(^TMU%;CI7R">D-4Q(+1:@U M'M @*$TU(<,2L+%%5IGDZWZD V!U6W]J\QA8HV6-EHAV�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end