 |
|
|
Share Structure
September 6, 2008
| Issued
and Outstanding |
64,068,760 |
| Options |
5,140,000 |
| Warrants* |
3,450,000 |
| Performance Shares Outstanding** |
563,641 |
|
|
| Fully Diluted |
73,222,401 |
|
|
| Cash Received upon Dilution |
$9,980,836 |
* Warrant strike price =
$1.60, expiration = June 26, 2009
**
These performance shares were created under the regulations of the Toronto Stock
Exchange whereby shareholders have previously approved the issuance
of up to 5% of the Company's issued and outstanding
shares to be issued to new senior management. Existing management cannot receive these
shares. These
shares are only issued subject to director
approval. The performance shares are issued
against milestones and time spent with the Company as set out by
the Board of
Directors. |
|
|
|
