Other than the usual business, one thing caught my eye, and that is if they can finance enough to drill and not cause too much dilution, and then able to run the price higher because of good assays, then there is a lot of options and warrants that could be exercised to bring cash into the company without more dilution. 28M outstanding shares but 47M shares if everything exercised, almost 20M in stock options and warrants.
As of the date of this Management Discussion and Analysis,
the following securities are outstanding:
Type of Security
Number of Shares or
Underlying Shares
Issued and outstanding common shares
(1)
28,547,593
Stock options exercisable at $0.10 per Share
(2)
730,000
Stock options exercisable at $0.10 per Share
(3)
350,000
Stock options exercisable at $0.10 per Share
(
4
)
1,405
,000
Share purchase warrants exercisable at $0.10 per Share
(
5
)
3,334,440
Share purchase warrants exercisable at $0.15 per Share
(
6
)
5,038,000
Share purchase warrants exercisable at $0.10 per
Share
(
7
)
5,000,000
Share purchase warrants exercisable at $0.15 per Share
(8
)
3,111,111
Fully diluted shares
47,516,144