Share Structure

On October 18, 2010 the Company concluded a unit offering of 8,335,200 units.  Each unit consists of 1 common share and ½ warrant, with each whole warrant entitling the holder to purchase an additional common share for C$0.80 expiring on April 17, 2012.  375,010 broker warrants, with each warrant entitling the holder to purchase one additional share, were issued in connection with this offering.  Restriction lifts on February 19, 2011.

 

On June 30, 2010 the Company concluded a unit offering of 3,636,000 units.  Each unit consists of 1 common share and ½ warrant, with each whole warrant entitling the holder to purchase an additional common share for C$0.30 expiring on December 29, 2011.  181,800 broker warrants, with each warrant entitling the holder to purchase one additional share, were issued in connection with this offering.  Restriction lifts on October 31, 2010.

 

On April 23, 2010, the Company issued 6,962,035 units pursuant to convertible debentures.  Each unit consists of 1 common share and 1 warrant to purchase an additional common share for C$0.25 expiring on April 19, 2012.  Restriction lifts on Aug. 20, 2010.

 

In March 2010, the Company concluded a unit offering of 8,958,497 units in two tranches:

 

First Tranche:  On March 26, 2010, the Company closed on 6,616,830 units.  Each unit consists of 1 common share and 1 warrant, with each warrant entitling the holder to purchase an additional common share for C$0.25 expiring on March 25, 2012.  Restriction lifts on July 27, 2010.

 

Second Tranche:  On March 31, 2010, the Company closed on 2,341,667 units.  Each unit consists of 1 common share and 1 warrant, with each warrant entitling the holder to purchase an additional common share for C$0.25 expiring on March 30, 2012.  Restriction lifts on August 1, 2010.

 

On November 6, 2009, the Company concluded a unit offering of 2,857,000 units.  Each unit consists of 1 common share and 1 warrant to purchase an additional common share for C$0.15 expiring on November 5, 2011.