Investors
(This information has not been subject to an independent audit)
Issued shares:
80,890,468 common shares issued as of January 20, 2012.
Shares in escrow:
1,680,000 common shares were held in escrow as at 31 March 2010 and will be released on 15th September 2010. These escrow shares may not be transferred, assigned or otherwise dealt with without the consent of regulatory authorities.
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 31 March 2010:
|
Number of Options |
Exercise Price |
Expiry Date |
|
100,000 |
$ 0.10 |
September 02, 2014 |
|
500,000 |
$ 0.12 |
September 02, 2014 |
|
1,850,000 |
$ 0.10 |
October 28, 2014 |
|
190,000 |
$ 0.11 |
February 2015 |
|
500,000 |
$ 0.10 |
March 2015
|
Warrants:
The following warrants were outstanding as at 31 March 2010:
-
600,000 warrants at an exercise price of $0.15 expiring on July 29, 2011
-
26,314,564 two year warrants at exercise price of 10c until January 2011; and at 15c until January 2012.
