Exactly. just that 9 million shares at $0.01will make them to make $10 million.And 40 million shares at $0.10-0.25, how much will they make?
Description of
Transaction
Aggregate Number of
Common Shares Issued Price Per Security
April 5, 2007 Private Placement . . . . . . . . . . . . . . . . . . . . . 2 $1.00
June 29, 2007 Private Placement . . . . . . . . . . . . . . . . . . . . . 9,000,000 $0.01
September 7, 2007 Private Placement . . . . . . . . . . . . . . . . . . . . . 16,398,571 $0.10
October 15, 2007 Private Placement . . . . . . . . . . . . . . . . . . . . . 16,528,000(3) $0.25
October 15, 2007 Broker Shares . . . . . . . . . . . . . . . . . . . . . . . . 222,800(3) $0.25
October 22, 2007 Property Shares . . . . . . . . . . . . . . . . . . . . . . . 200,000(1) $0.25
December 21, 2007 Private Placement . . . . . . . . . . . . . . . . . . . . . 6,500,000 $0.50(3)
December 21, 2007 Private Placement . . . . . . . . . . . . . . . . . . . . . 1,250,000(2) $0.60
January 14, 2008 Private Placement . . . . . . . . . . . . . . . . . . . . . 9,361,000 $0.50(3)
January 14, 2008 Finders Fee Shares. . . . . . . . . . . . . . . . . . . . . 140,000 $0.50(3)
March 1, 2008 Private Placement . . . . . . . . . . . . . . . . . . . . . 210,000(2) $0.60
Total . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 59,810,373(4)
(1) Common Shares were issued pursuant to the terms of the Option Agreement at a deemed value of $0.25 per Common Share.
(2) Flow-through shares.
(3)The Common Shares were issued as part of a unit comprised of one CommonShare and one Common Share purchase warrant exercisable until
October 15, 2009 at an exercise price of $0.75 per Common Share.
(4) Amount does not include Subscription Receipts
Now the warrants!
Outstanding Warrants
Security Type Number Expiry Date Exercise Price
Subscription Receipts . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12,350,000 October 15, 2009(1) $0.75
Warrants . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 44,739,000 October 15, 2009 $0.75
Warrants . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 600,000 October 15, 2009 $0.50
Broker Warrants . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,660,000 October 15, 2009 $0.50
Broker Warrants . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 554,800 October 15, 2009 $0.75
TOTAL. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 59,903,800(1)