CAPITAL STRUCTURE
Effective November 27, 2008
Shares
| Common Shares Outstanding |
48,667,068 |
All shares admitted to AIM and to TSXV |
|
Shares held in Treasury |
None |
|
|
AIM Securities "not in public hands" (AIM Rules) |
23 % |
|
|
Convertible Notes / Warrants |
20,000 |
|
|
Restrictions on the transfer of AIM securities |
None |
|
|
Stock Options (at Aug 31, 2008) |
2,699,000 |
Convertible at an average price of $C 3.97 per share |
|
Fully Diluted |
51,366,068 |
|
Convertible Notes
The convertible notes expire as follows:
| Ordinary shares to be issued on conversion of promissory note |
Option Price
US$ |
Expiry Date |
|
20,000 |
4.56 |
March 22, 2009 |
Employee Stock Options
The following table summarizes information about the stock options outstanding at Aug 31, 2008:
| Outstanding |
Exercisable |
|
Options 000s |
Range of option price CDN$ |
Weighted average Exercise Price CDN $ |
Weighted average remaining contractual life in years |
Options 000s |
Weighted average Exercise Price CDN $ |
|
75 |
0.00-3.00 |
3.00 |
0.75 |
75 |
3.00 |
|
1,790 |
3.01-4.00 |
3.61 |
3.30 |
494 |
3.88 |
|
575 |
4.01-5.00 |
4.55 |
2.17 |
383 |
4.55 |
|
259 |
5.01 - 5.50 |
5.42 |
1.54 |
240 |
5.42 |
|
2,699 |
|
3.97 |
|
1,192 |
4.35 |
|
