 |
| | Share Structure
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| SHARE CAPITAL |
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| February 18, 2010 |
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| SHARES |
| Authorized Share Capital: |
Unlimited common shares |
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Unlimited Class "A" non-voting convertible redeemable shares |
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| Issued and Outstanding |
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| STOCK OPTIONS AVAILABLE |
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Number |
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Exercise |
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Expiry |
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of Shares |
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Price |
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Date |
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45,000 |
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$0.23 |
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September 6, 2011 |
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1,250,000 |
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$0.20 |
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December 11, 2011 |
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325,000 |
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$0.10 |
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November 1, 2012 |
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1,720,000 |
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$0.25 |
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January 18, 2013 |
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75,000 |
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$0.10 |
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April 9, 2013 |
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1,425,000 |
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$0.10 |
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September 2, 2013 |
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600,000 |
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$0.10 |
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March 19, 2014 |
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1,750,000 |
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$0.10 |
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May 20, 2014 |
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400,000 |
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$0.25 |
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September 10, 2014 |
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2,500,000 |
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$0.30 |
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January 5, 2015 |
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____________ |
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10,090,000 |
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| WARRANTS |
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Number |
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Exercise |
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Expiry |
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of Shares |
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Price |
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Date |
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4,750,000 |
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$0.50 |
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April 17, 2010 |
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231,779 |
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$0.15 |
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May 27, 2010 |
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2,887,500 |
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$0.30 |
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July 28, 2010 |
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190,550 |
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$0.25 |
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February 14, 2011 |
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5,000,000 |
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$0.40 |
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December 17, 2011 |
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13,200,000 |
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$0.10 |
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February 18, 2012 |
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____________ |
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26,259,829 |
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| FULLY DILUTED |
| Assuming all the outstanding options and warrants have been exercised, the fully diluted share position is: |
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SHARES |
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Common Shares Issued |
120,567,641 shares |
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Options Exercised |
10,090,000 shares |
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Warrants Exercised |
26,259,829 shares |
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Fully Diluted Share Position |
156,917,470 shares |
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