Hey Doggey boyWhat's this.A total of about 15 million.
SECURITIES AUTHORIZED FOR ISSUANCE UNDER EQUITY COMPENSATION PLANS
The following table sets out information as of July 31, 2007 with respect to compensation plans under which equity
securities of the Corporation are authorized for issuance.
Plan Category
Number of securities to be
issued upon exercise of
outstanding options,
warrants and rights (a)
Weighted-average
exercise price of
outstanding options,
warrants and rights
Number of securities
remaining available for
future issuance under
equity compensation
plans (excluding
securities
reflected in column (a)
Equity compensation
plans approved by
security holders
12,806,547
$0.13
7,193,453
Equity compensation
plans not approved by
security holders
Nil
Nil
Nil
Total
12,806,547
$0.13
7,193,453
STOCK OPTION PLAN
On February 7, 2002, the directors of the Corporation adopted a New Stock Option Plan (the “Plan”), which was
approved by the shareholders of the Corporation on March 8, 2002 and amended on January 23, 2003, May 12, 2006
and again on August 8, 2007, to encourage Common Share ownership in the Corporation by directors, officers, key
employees and consultants of the Corporation from time to time. The Plan provides that eligible persons thereunder
include any director, employee (full-time or part-time), officer or consultant of the Corporation or any subsidiary
thereof. A consultant means an individual (including an individual whose services are contracted through a personal
holding company) with whom the Corporation or a subsidiary has a contract for substantial services. The Plan allows
the Corporation to attract
As of the date of this Circular, there are currently 3,643,453 options available for grant under the Plan, 1,280,000
options that have been exercised under the Plan and 15,076,547 stock options that are outstanding under the Plan as
follows:
Name and Position Common Shares
Under Option
Exercise Price Range
(per Common Share)
Expiry Date
Directors 7,260,000 $0.10 - $0.54 January 29, 2009 – December 28, 2012
Senior Officers 875,000 $0.54 December 28, 2012
Consultants 2,609,547 $0.10 - $0.22 May 23, 2011 – July 13, 2012
Employees 4,332,000 $0.10 - $0.53
September 12, 2008 – January 11, 2013
TOTAL 15,076,547