Fabulosa Mines LtdHere's the story from the most recent annual report:
Under a share acquisition agreement dated January 11, 2002, Fabulosa Mines Limited, the Company’s controlling
shareholder, has the right to receive common shares of the Company at no additional cost, on a one-for-one basis, for
each common share issued by the Company as a results of the exercise of stock options outstanding on the date of
the agreement. At September 30, 2007, the number of options to which this right relates includes 294,999 options
exercisable at Cdn. $1.75 expiring March 31, 2008 and 65,000 exercisable at Cdn. $1.00 expiring December 8, 2008.
From that same annual report there were 115,233,173 common shares outstanding. Of those SEDAR indicates that Fabulosa holds 60,445,028 common shares.