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Investors




 

Investors

(This information has not been subject to an independent audit)

Issued shares:
80,890,468 common shares issued as of January 20, 2012.

Stock options:
The Company has adopted an incentive stock option plan (the “Option Plan”) which provides that the Board of Directors of the Company may from time to time, in its discretion, and in accordance with TSX-V requirements, grant to directors, officers, employees and technical consultants to the Company, non-transferable options to purchase common shares, provided that the number of common shares reserved for issuance will not exceed 20% of the issued and outstanding common shares. Such options will be exercisable for a period of up to 5 years from the date of grant. Option vesting terms are decided by the Board of Directors at the time of grant.

The following incentive stock options were outstanding at 3 August 2012:

 Number of Options Exercise Price Expiry Date
1.065m $ 0.25 September 14, 2014
250,000 $ 0.20 September 14, 2014
600,000  $ 0.10 September 02, 2014
1,550,000  $ 0.10  October 28, 2014
130,000  $ 0.11  February 1, 2015
60,000  $ 0.11  March 1, 2015
300,000  $ 0.10  March 12, 2015
275,000  $ 0.10  March 15, 2015
50,000  $ 0.13  July 30, 2015
225,000  $ 0.275  October 8, 2015
1.55m  $ 0.18  December 22, 2015
4.47m  $ 0.10  September 19, 2016


Warrants:
The following warrants were outstanding as at 3 August 2012:

  • 7 million warrants at an exercise price of $0.35 expiring on Jan 19, 2013, and at $0.50 until Jan 2014
  • 2.05 million warrants at an exercise price of $0.15 expiring on Jun 12, 2013
  • 1.75 million warrants at an exercise price of $0.35 expiring on Jun 15, 2013
200 OK

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