Capital Structure

The authorized share capital of the Company is unlimited with no par value.
The Company's capital structure as of the date stated as last updated below, consists of:

Issued share capital 120,327,887
Share options outstanding
50,000 at CAD$2.20 expiring 29 May 2017
725,000 at CAD$3.25 expiring 29 May 2018
6,250,000 at CAD$3.75 expiring 2 February 2019
2,250,000 at CAD$4.10 expiring 9 February 2020
9,275,000
Share Warrants
79,787,493 exercisable, expiring 27 February 2019
35,000,000 exercisable, expiring 28 April 2019
114,787,493
 

The Company has been notified of the following holders of more than 3% of its share capital:

Date of Notification Registered Holder Number of shares Percentage of capital
14 February 2017 San Lomas Nominees Ltd 12,935,840 7.0%
19 March 2017 Danus Holdings Ltd 9,935,150 5.0%
23 March 2017 Ashworth Holdings Inc 8,279,276 4.5%

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