RE: ADDINGFrom the 1st quarter FR
Actually those warrants were prior to June 21 and would already have been excercised. It may explain, however, the large amount of shares dumped on the market in the past month bringing the price down by anonymous trading.
• 961,539 broker warrants issued with the STGLP LP Units are exercisable prior to June 21, 2008 and entitle theholder to acquire 1 common share at $0.13. None have been exercised to date.
• Common Share Purchase Warrants representing 16,250,000 common shares issued as part of the Unit Offering areexercisable prior to November 16, 2008 and entitle the holder to acquire 1 common share at $0.30 (Note 10(b)).
During the first quarter, 240,000 warrants were exercised.
• Broker warrants representing the right to acquire 2,274,965 Units consisting of one common share and one-half ofone common share purchase warrant to acquire one common share at a price of $0.30 per share were issued as
partial compensation on the Unit Offering and are exercisable at a price of $0.20 per Unit at any time prior to
November 22, 2008 (Note 10(b)). During the first quarter, 118,392 warrants were exercised.
• Bonus warrants representing the right to acquire 300,000 common shares at a price of $0.15 per share at any time