Roughly 36million warrents at 0.05.
Assuming they vest them this year. otherwise 0.10
and call it roughly another 20mil at 0.10
Should provide some cash for continuing operations.
Note this is included in the 112million share total that you see on the snapshot.
CAPITAL STOCK
a. Authorized – unlimited common shares without par value:
b. Issued and outstanding:
Number of
Shares
Amount
Balance, October 31, 2007 120,888,498 $ 17,021,354
Private placement at $1.5 per unit (ix) 2,500,000 375,000Issued for mineral property – Dolly (MinQuest & Cardigan) (note 5 (e)) (x) 1,500,000 195,000Issued for mineral property – Victoria mine (note 5 (f)) (xi) 1,500,000 165,000Share consolidation, April 14, 2008 (113,749,649)
Exercise of warrants at $1.00 per share 4,800 4,800
Exercise of warrants at $1.2 per share 4,800 5,760
Issued for mineral property – Victoria mine (note 5 (f)) (xii) 100,000 110,000Private placement at $0.2 per unit (xiii) 8,650,000 1,730,000Less: Share issue costs (2,500)
Less: Finders' fees (81,070)
Balance, October 31, 2008 21,398,449 $ 19,523,344
Private placement at $0.03 per unit (i) 9,915,996 297,480Private placement at $0.03 per unit (ii) 27,538,922 826,168Exercise of options at $0.10 per share (iii) 1,875,805 187,581
Escrow Cancellation 5 (c) (7,500)
Private placement at $0.05 per unit (iv) 28,990,000 1,449,500Private placement at $0.10 per unit (v) 10,000,000 1,000,000Exercise of warrants at $0.10 per share (vi) 5,400,000 540,000Exercise of warrants at $0.05 per share (vii) 2,132,998 106,650Issued for mineral property – Bonaparte (note 5 (h)) (viii) 5,000,000 350,000Contributed surplus on options exercised 1,455,861
Less: Share issue costs (28,228)
Less: Finders' fees (221,498)
Balance, July 31, 2009 112,244,670 $ 25,486,857