I'm sure this has dragged us down some...C21 INVESTMENTS INC. (FORMERLY CURLEW LAKE RESOURCES INC.) NOTES TO FINANCIAL STATEMENTS January 31, 2018
6. SHARE CAPITAL AND RESERVES
Authorized: unlimited number of common shares with no par value During the year ended January 31, 2018, the following transactions took place: On May 12, 2017, the Company consolidated its issued and outstanding shares on a 10:1 basis. All shares and per share amount have been restated to reflect the share consolidation. On May 30, 2017, the Company completed a private placement and issued 3,640,000 common shares at a price of $0.25 per common share for gross proceeds of $910,000. On May 30, 2017, the Company settled $90,000 of accounts payable and accrued liabilities through the issuance of 360,000 common shares (Note 8). As at January 31, 2018 there were 515,000 stock options outstanding and exercisable to purchase common shares at $0.65 per share expiring December 15, 2020.
13% of the freely tradable float were issued at $0.25 per share. The current freely tradable float is roughly 27,277,000 shares.