Subsequent Events

3 Months Ended

Dec. 31, 2013

17.	Subsequent Events

On December 1, 2008, the Company entered into one office lease agreement commencing December 1, 2007 and expiring on December 31, 2013. On January 21, 2014, the Company renewed its Edmonton office lease commencing on January 1, 2014 and expiring on June 30, 2015. See Note 14 to the consolidated financial statements for further information.

As described in Note 15 above, on March 10, 2005, I.G.M. Resources Corp. (the “Plaintiff”) filed a Statement of Claim in the Court of Queen’s Bench of Alberta Judicial District of Calgary against the Company and certain other defendants (collectively, the “IGM Defendants”). The Plaintiff, a minority shareholder in one of the IGM Defendants, alleged that the value of certain assets that had been sold by the company in which it was a shareholder was far in excess of the consideration paid for the assets. This lawsuit was part of a series of lawsuits or actions undertaken by the Plaintiff against some of the other IGM Defendants. As part of the lawsuit, the Plaintiff sought an order setting aside the asset sale transaction and returning the assets to the selling party, compensation in the amount of Cdn $15,000,000, and certain other relief. On February 11, 2014, the Company was notified that this lawsuit has been dismissed.