Share float 82 mil warrants to expireAccording to the April 28th (period ending Feb. 28) interim 82 million shares are set to expire Nov. 2011 but at an exercise price of .20 they are unlikely to be exercised. So the share float will end up around 140 mil with options unlikely to be exercised also at .23 and 1.64. There is a lot of upside here with current production improving in a bull gold market.
The following table summarizes information about the number of common shares reserved pursuant towarrants outstanding at February 28, 2011: Page 11 interim on SEDAR
Number
Exercise
Price
$
Expiry Date
82,859,960 0.20 November 25, 2011
4,600,020 0.15 November 25, 2012
87,459,980