CAPITAL STRUCTURE

[July 29, 2009]


 

Common shares: 305,367,360
Warrants outstanding: 193,866,091
Options outstanding: 9,740,000

 

Number of Warrants*

Exercise Price

Expiry Date

 

 

$

 

 

25,000,000

0.20

November 2010

 

30,750,000

0.15

August 2010

 

35,712,818

0.11

March 2010

 

29,676,000

0.10

December 2011

 

72,727,273

0.10

November 2010


* Each warrant entitles the holder to purchase one common share of the Company at the exercise price indicated until expiry date

 

 

Number of Options

Exercise Price

Expiry Date

 

 

$

 

 

500,000

0.75

August 2009

 

250,000

0.75

February 2010

 

920,000

0.30

September 2010

 

100,000

0.22

September 2010

 

1,575,000

0.40

February 2011

 

735,000

0.90

September 2011

 

900,000

1.10

April 2012

 

100,000

1.28

June 2012

 
150,000
1.25
July 2012

 

300,000

0.89

October 2012

 

230,000

0.61

April 2013

 

300,000

0.45

June 2013

 

50,000

0.30

August 2013

 

540,000

0.10

November 2013

 

1,000,000

0.15-0.20-0.25

March 2014

2,090,000
0.10
June 2014



Fully diluted: 508,943,451 common shares


Major shareholder:
- Arias Resource Capital Fund LP  50.86% (60.11% fully diluted)