(in thousands of Canadian dollars)

Three Months Ended June 30,

Six Months Ended June 30,

2017

2016

2017

2016

REVENUE EXCLUDING NON-CASH REVENUE:

Revenue per income statement

$

11,854

$

20,973

$

21,250

$

33,125

Non-cash revenue

-

(5,079)

-

(10,413)

REVENUE EXCLUDING NON-CASH REVENUE

$

11,854

$

15,894

$

21,250

$

22,712

ADJUSTED EBITDA:

Net loss

$

(3,905)

(277)

$

(8,984)

$

(11,377)

Add back (subtract):

Depreciation and amortization

4,188

6,392

8,662

12,956

Net finance costs

436

580

878

1,101

Income tax recovery

(1,302)

(1,210)

(2,788)

(2,656)

EBITDA

(583)

5,485

(2,232)

24

Non-cash revenue

-

(5,079)

-

(10,413)

Non-cash operating costs

-

3,811

-

7,877

Impairment of assets

309

-

309

-

Share-based payments expense

878

565

1,211

1,123

Gain on derivative financial instruments

(681)

-

(923)

-

Foreign exchange loss

986

210

1,205

402

ADJUSTED EBITDA

$

909

$

4,992

$

(430)

$

(987)