| December 31, | ||||||||
| 2017 | 2016 | |||||||
| Balance, begin of period | $ | 955 | $ | - | ||||
| Held for trading securities received from: | ||||||||
| Sale Agreement (Note 7(b)) | - | 6,571 | ||||||
| Property option agreement (Note 9(a)(iii)) | - | 81 | ||||||
| Distribution of AzMin by reduction of AzMet's paid up capital | - | 86 | ||||||
| Investment in held for trading securities | 175 | - | ||||||
| Disposition of held for trading securities at fair value | (104 | ) | (8,760 | ) | ||||
| Change in fair value of marketable securities | (293 | ) | 2,985 | |||||
| Foreign currency translation adjustment | 54 | (8 | ) | |||||
| Balance, end of period | $ | 787 | $ | 955 | ||||
In September 2016, AzMet and Aztec Minerals Corp., a company sharing one common director, (“AzMin”) completed a distribution by way of a reduction of AzMet’s paid up capital pursuant to Section 74 of the British Columbia Business Corporations Act whereby AzMet distributed all its 11 million common shares of AzMin to its shareholders on the basis of one AzMin share for every two AzMet shares held. There is no separately quoted market value for the AzMet shares.
The quoted market value and fair value of shares of companies was $787,000 at December 31, 2017 (2016 - $955,000).