−Removed: QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK
−Removed: The Company is exposed to various risks including credit risk, liquidity risk, currency risk and interest rate risk as described below:
−Removed: Credit risk is the risk that a counter party will fail to meet its obligations to the Company.
−Removed: The Company’s primary exposure to credit risk is through its cash and cash equivalents, restricted cash and marketable debt securities balances.
−Removed: The Company diversifies its cash holdings into major Canadian and U.S.
+Added: QUANTITATIVE AND QUALITATIVE
+Added: DISCLOSURES ABOUT MARKET RISK
+Added: Company is exposed to various risks including credit risk, liquidity risk,
+Added: currency risk and interest rate risk as described below:
+Added: risk is the risk that a counter party will fail to meet its obligations to the
+Added: The Company’s primary exposure to credit risk is through its cash and
+Added: cash equivalents, restricted cash and marketable debt securities balances.
+Added: Company diversifies its cash holdings into major Canadian and U.S.
financial institutions and corporations.
−Removed: Liquidity risk is the risk that an entity will encounter difficulty in meeting its obligations associated with its financial liabilities.
−Removed: The Company manages this risk by maintaining adequate cash balances through equity and debt offerings to meet its current and foreseeable obligations.
−Removed: The Company is subject to currency risk mainly due to its operations in Venezuela.
−Removed: Transactions denominated in foreign currency are exposed to exchange rate fluctuations which have an impact on the statement of operations.
−Removed: The Company’s cash, value added tax and other monetary assets and liabilities that are held in Venezuelan and Canadian currency are subject to fluctuations against the US dollar.
−Removed: The Company limits the amount of currency held in non-U.S dollar accounts, but does not actively use derivative instruments to limit its exposure to fluctuations in foreign currency rates.
−Removed: The Company is subject to the risk that changes in market interest rates will cause fluctuations in the fair values of its financial instruments.
−Removed: Cash and cash equivalents earn floating market rates of interest.
−Removed: Other current financial assets and liabilities are generally not exposed to this risk because of their immediate or short-term maturity.
−Removed: The interest rate on the Company’s convertible notes is fixed and therefore the interest payments are not subject to changes in market rates of interest.
+Added: risk is the risk that an entity will encounter difficulty in meeting its obligations
+Added: associated with its financial liabilities.
+Added: The Company manages this risk by
+Added: maintaining adequate cash balances through equity and debt offerings to meet
+Added: its current and foreseeable obligations.
+Added: Company is subject to currency risk mainly due to its operations in Venezuela.
+Added: Transactions denominated in foreign currency are exposed to exchange rate
+Added: fluctuations which have an impact on the statement of operations.
+Added: Company’s cash, value added tax and other monetary assets and liabilities that are
+Added: held in Venezuelan and Canadian currency are subject to fluctuations against
+Added: the US dollar.
+Added: The Company limits the amount of currency held in non-U.S dollar
+Added: accounts, but does not actively use derivative instruments to limit its
+Added: exposure to fluctuations in foreign currency rates.
+Added: Company is subject to the risk that changes in market interest rates will cause
+Added: fluctuations in the fair values of its financial instruments.
+Added: Cash and cash
+Added: equivalents earn floating market rates of interest.
+Added: Other current financial
+Added: assets and liabilities are generally not exposed to this risk because of their
+Added: immediate or short-term maturity.
+Added: The interest rate on the Company’s
+Added: convertible notes is fixed and therefore the interest payments are not subject
+Added: to changes in market rates of interest.
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.