RE:Total warrants value exercised since March 31 = 1,487,587$See footnote 24 below, Only 972501 of the 38 cent warrrants were exercised. The remainder expired mid April when the price was around .38 cents. All the rest of the warrants exercised since the middle of April, were from the .375 cent warrants.
24. Subsequent Events
On April 13, 2017, the Company received cash proceeds of $369,550 from the exercise of 972,501 warrants to purchase common shares.
On April 18, 2017, the Company granted an aggregate of 2,800,000 options to purchase common stock to directors, officers and employees with an exercise price of $0.50, a vesting period of 3 years and a term of 5 years.
On April 26, 2017, the Company received cash proceeds of $168,750 from the exercise of 450,000 warrants to purchase common shares
quote=bencro]Before the opening this morning, we had 125,231,526 shares (TSO).
So since March 31, 2017, there has been 3,947,500 exercised.
The breakdown has to be this one:
1,455,000 @0.38$ = 552,900$
2,492,500 @0.375$ = 934,687$
Total warrants value exercised since March 31 = 1,487,587$
There should have been 12,271,099 warrants left @ 0.375$, before today's trading.
We should see tomorrow how many were exercised today.
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S h a r e C a p i t a l A n a l y s i s (May 30 MD&A)
As of March 31, 2017, the share capital of the Company consisted of 121,284,026 common shares. Each common share entitles the holder to one vote per share.
As of March 31, 2017, there were 7,380,000 options outstanding, of which 3,153,334 were vested and exercisable into an equivalent number of the Company’s common shares.
As of March 31, 2017, there were 35,290,539 warrants outstanding. Each whole warrant entitles the holder thereof to purchase one additional common share.
The warrants are exercisable as follows:
1,455,000 at a price of $0.38 until April 13, 2017,
19,071,940 at a price of $0.54 until March 3, 2020
14,763,599 at a price $0.375 until November 10, 2021.
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