CAPITAL STRUCTURE

[April 15, 2010]


 

Common shares: 480,614,780
Warrants outstanding: 136,314,017
Options outstanding: 11,624,640
Fully Diluted: 630,274,437 common shares



Warrants Outstanding


Outstanding

April 15, 2010

Exercise

Price

Expiry

Date

10,750,000

$0.15

July 27, 2010

163,200

$0.49

October 10, 2010

25,000,000

$0.20

November 1, 2010

86,816

$0.49

November 10, 2010

92,546

$0.49

December 2, 2010

70,545,455

$0.10

January 9, 2011

18,510,400

$0.10

December 2, 2011

3,685,600

$0.10

December 8, 2011

7,480,000

$0.10

December 18, 2011

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



Options Outstanding


Outstanding

April 15, 2010

Exercise

Price

Expiry

Date

        920,000   

$0.30

September 2, 2010

        102,000   

$2.45

October 25, 2010

     1,575,000   

$0.40

February 2, 2011

        450,840   

$1.27

April 10, 2011

        700,000   

$0.90

September 28, 2011

        865,000   

$1.10

April 3, 2012

        100,000   

$1.28

June 8, 2012

        150,000   

$1.25

July 24, 2012

        300,000   

$0.89

October 18, 2012

        230,000   

$0.61

April 14, 2013

        225,000   

$0.45

June 11, 2013

        420,000   

$0.10

November 25, 2013

     1,000,000   

$0.15, 0.20, 0.25

March 25,2014

     2,070,000   

$0.10

June 23, 2014

          20,000   

$0.18

August 18, 2014

        600,000   

$0.15, 0.20, 0.25

September 30, 2014

        500,000   

$0.22, 0.23, 0.28, 0.33

November 3, 2014

        540,000   

$0.22

December 7, 2014

        548,760   

$1.57

September 18, 2016

        308,040   

$1.89

August 20, 2017


Major Institutional Shareholder:

- Arias Resource Capital Fund LP
54.48% Shares Issued and Outstanding