Our current capitalization is:
# of Common Shares - Issued and outstanding - 79,928,229 - (see a1 to a11 below)
# of Warrants - Outstanding and Exercisable - 4,845,280 - (see b1 to b17 below)
# of Options - Outstanding & Exercisable - 6,650,000 - (see c1 to c9 and also d below)
Total - Fully Diluted Outstanding - 91,423,509
Notes:
The capitalization numbers above reflect the following events:
(a1) the issuance of 50,000 common shares on April 26, 2012 as a Venton Lake option payment
(a2) the issuance of 150,000 common shares on September 19, 2012 as a Guyenne option payment
(a3) the issuance of 100,000 common shares on October 3, 2012 as a Guyenne finder's fee
(a4) the issuance of 75,000 common shares on October 23, 2012 from an exercise of finder's warrants
(a5) the issuance of 2,155,000 common shares on October 26, 2012 from a private placement (Tr#1)
(a6) the issuance of 1,125,000 common shares on October 31, 2012 from a private placement (Tr#2)
(a7) the issuance of 35,000 common shares on November 2, 2012 from an exercise of finder's warrants
(a8) the issuance of 3,125,000 common shares on December 31, 2012 from a private placement
(a9) the issuance of 400,000 common shares on March 21, 2013 as a Vent d'Or option payment
(a10) the issuance of 150,000 common shares as a proposed option payment (shares not released; to be returned to treasury)
(a11) the issuance of 1,993,860 common shares on July 5, 2013 for debt settlements
(b1) the expiry of 1,116,666 warrants on December 30, 2011 (@ $0.50 ea)
(b2) the expiry of 142,333 warrants on December 30, 2011 (@ $0.30 ea)
(b3) the expiry of 4,091,500 warrants on June 30, 2012 (@ $0.20 ea)
(b4) the 6-month extension on October 12, 2012, of 3,750,000 warrants expirying on November 2, 2012
(b5) the exercise of 75,000 finder's warrants on October 23, 2012 (@ $0.08 ea)
(b6) the issuance of 1,077,500 warrants on October 26, 2012 from a private placement (Tr#1)
(b7) the issuance of 150,850 finder's warrants on October 26, 2012 from a private placement (Tr#1)
(b8) the issuance of 562,500 warrants on October 31, 2012 from a private placement (Tr#2)
(b9) the issuance of 61,250 finder's warrants on October 31, 2012 from a private placement (Tr#2)
(b10) the exercise of 35,000 finder's warrants on November 2, 2012 (@ $0.08 ea)
(b11) the issuance of 1,812,500 warrants on December 31, 2012 from a private placement
(b12) the issuance of 183,750 finder's warrants on December 31, 2012 from a private placement
(b13) the expiry of 3,750,000 warrants on May 2, 2013 (@ $0.15 ea)
(b14) the expiry of 3,000,000 warrants on June 30, 2013 (@ $0.20 ea)
(b15) the issuance of 996,930 warrants on July 5, 2013 for debt settlements
(b16) the expiry of 13,654,000 warrants on July 27, 2013 (@ $0.20 ea)
(b17) the expiry of a total of 4,147,501 warrants in November and December 2013
(c1) the expiry of 150,000 options on January 26, 2012 (@ $0.13 ea)
(c2) the granting of 150,000 options on February 9, 2012 (@ $0.175 ea)
(c3) the expiry of 200,000 options on May 28, 2012 (@ $0.20 ea)
(c4) the expiry of 50,000 options on January 8, 2013 (@ $0.135 ea)
(c5) the granting of 50,000 options on February 7, 2013 (@ $0.12 ea)
(c6) the expiry of 550,000 options on April 9, 2013 (@ $0.16 ea)
(c7) the granting of 900,000 options on May 1, 2013 (@ $0.10 ea)
(c8) the expiry of 450,000 options on July 29, 2013 (@ $0.115 ea)
(c9) the expiry of 100,000 options on September 12, 2013 (@ $0.115 ea)
(d) The maximum # of options which may be granted under our approved stock option plan is 7,977,823
which is 10% of our outstanding common shares. Another 1,342,823 options may be granted, at present.
Last updated: April 11, 2014
