The
following table summarizes the DSU activity during the three months ended March 31, 2023 and 2022:
Schedule of Deferred Share Units
| |
| | |
Weighted | |
| |
| | |
average | |
| |
| | |
grant date | |
| |
| | |
fair value | |
| |
Number of | | |
per share | |
| |
shares | | |
(C$) | |
| |
| | |
| |
Unvested as at December 31, 2021 | |
| 5,625,000 | | |
$ | 1.03 | |
Vested (ii) | |
| (625,000 | ) | |
| 1.03 | |
Unvested as at March 31, 2022 | |
| 5,000,000 | | |
$ | 1.03 | |
| |
| | | |
| | |
Unvested as at December 31 2022 and March 31, 2023 | |
| 2,710,000 | | |
$ | 1.00 | |
(i) |
On
March 31, 2022, the Board approved the early vesting of 625,000 DSUs for one of the Company’s Directors. |
|