On December 15, 2010, the Company completed the terms of an Arrangement Agreement and a Plan of Arrangement to acquire Golden Goose (the “Acquisition”). This resulted in the Golden Goose shareholders receiving 61,578,877 common shares of Prodigy and 12,828,982 warrants in exchange for 51,561,706 common shares of Golden Goose. Golden Goose’s outstanding stock options will also be exchanged on the same basis as the common shares: 1.2 Prodigy stock options for every 1 Golden Goose option outstanding, resulting in the grant of 4,785,981 stock options. On completion of the transaction, Golden Goose became a wholly-owned subsidiary of Prodigy.
This would net the company $5,773,041 if fully exercised.