text: **4. Future Accounting Policy Changes**
  
  IFRS 9 ‑ Financial Instruments (“IFRS 9”) 
  
  IFRS 9, as issued in 2010, reflects the first phase of the IASB’s work on the replacement of IAS 39 and applies to classification and 
  measurement of financial assets and financial liabilities as defined in IAS 39. The standard was initially effective for annual periods beginning 
  on or after January 1, 2013. In November 2013, Chapter 6 of IFRS 9 on hedge accounting was published. At the same time, Chapter 7, 
  containing the effective date and transition provisions was amended to remove the mandatory effective date of IFRS 9. This was intended 
  to provide sufficient time for preparers to make the transition to the new requirements. The Company may still choose to apply IFRS 
  immediately, but is not required to do so. In subsequent phases, the IASB is addressing impairment of financial assets. The adoption of the 
  first phase of IFRS will have an effect on the classification and measurement of the Company’s financial assets, but will not have an impact 
  on the classification measurements of financial liabilities. The Company is in the process of assessing the impact IFRS 9 may have on future 
  financial statements. 