Equity (Tables)

12 Months Ended

Dec. 31, 2019

Continuity of the Company’s common stock purchase warrants issued and outstanding is as follows:

	Warrants			Weighted average exercise price
Outstanding at year ended December 31, 2017		35,087,197			0.24
Granted		24,829,666			0.11
Exercised		(3,910,000	)		0.09
Expired		(4,940,000	)		0.10
Outstanding at year ended December 31, 2018		51,066,864		$	0.20
Granted		12,250,000			0.15
Exercised		(125,000	)		0.09
Expired		(6,148,028	)		0.25
Outstanding at quarter ended December 31, 2019		57,043,836			0.14

The table below summarizes warrant issuances during the years ended December 31, 2019 and 2018:

	Year ended December 31,
	2019		2018
Warrants granted:
Board of directors and advisory board service		7,000,000		7,750,000
Private placements		3,750,000		5,312,500
Pursuant to termination agreements		—		5,250,000
Pursuant to financing arrangements		1,500,000		3,810,000
Pursuant to consulting agreements		—		2,000,000
Pursuant to acquisition of Bow Energy Ltd., a related party		—		368,000
Deferred salary – CEO, CFO		—		339,166
Total		12,250,000		24,829,666

Expected life was determined based on historical exercise data of the Company.