Investments: IDK
The fair value and cost of investments are as follows as at September 30, 2017:
The fair value and cost of investments are as follows as at June 30, 2017:
(a) The Company includes the following investments in its investment disclosure:
(i) Investments in which it is subject to insider or early warning (s101) reporting requirements;
or
(ii) Investments in which one or more of the Company’s management and/or director(s) is a
director of the investee; or
(iii) Private investments in which we own greater than 10% of the investee.
As at September 30, 2017, the fair value of investments exceeded original cost by $2,394,453 as
compared to $2,487,775 as at June 30, 2017. The decrease for the three months ended
September 30, 2017 was primarily due to the net change in unrealized losses on investments of
$93,322.
The fair value of the Company’s investments as reflected in itsconsolidated financial statements and
calculated in accordance with IFRS and its accounting policies may differ from the actual proceeds of
disposition that would be realized by the Company. For example, the amounts at which the Company’s
publicly-traded investments could be disposed of currently may differ from fair values based on market
quotes, as the value at which significant ownership positions are sold is often different than the quoted
market price due to a variety of factors such as premiums paid for large blocks or discounts due to
illiquidity.
Investee Note (a) Description of holdings Cost Fair Value
% of Fa ir
Value
CKR Carbon Corporation
(TSXV: CKR)
(ii) 1,000,000 common shares
1,000,000 warrants expire Mar 29, 2020 $ 106,160 $ 56,690 0.8
Goldspot Discoveries Inc. (private) (iii) 270,000 common shares 135,027 270,000 3.8
Northern Sphere Mining Corp. (CSX: NSM) (ii) 1,431,000 common shares
75,000 warrants expire Apr 10, 2019
500,000 warrants expire Dec 16, 2019 473,378 271,890 3.8
New Found Gold Corp. (private) (iii) 13,500,000 common shares 127,501 5,400,000 76.0
SciCann Therapeutics Inc. (private) (iii) 16,000 common shares 100,000 100,000 1.4
Other publicly traded investments 1,904,852 430,791 6.1
Other private investments 1,860,645 572,645 8.1
$4,707,563 $7,102,016 100.0
Investee Note (a) Description of holdings Cost Fair Value
% of Fa ir
Value
CKR Carbon Corporation
(TSXV: CKR)
(ii) 1,000,000 common shares
1,000,000 warrants expire Mar 29, 2020 $ 106,160 $97,541 1.4
Goldspot Discoveries Inc. (private) (iii) 270,000 common shares 135,027 270,000 3.8
Northern Sphere Mining Corp.
(CSX: NSM)
(ii) 1,431,000 common shares
75,000 warrants expire Apr 10, 2019
500,000 warrants expire Dec 16, 2019 473,378 299,426 4.2
New Found Gold Corp. (private) (iii) 13,500,000 common shares 127,501 5,400,000 75.6
Other publicly traded investments 1,952,098 502,972 7.0
Other private investments 1,860,645 572,645 8.0
$4,654,809 $7,142,584 100.0 |
