-- with the Advent of the Warrant Expiry Date .
Wednesday, Dec. 9, 2009: Expiry Date for “in the money warrants”.
--- Common Sharesbot/sold today are for settlement Wed. Dec. 9th
IMHO the heavy RMK volume since September 14, 2009 reflects Warrant Holders selling shares and then subscribingto more with the warrants.
Roxmark Mines Limited / Notes to Financial Statements / For the Years Ended December 31, 2008 and 2007 10. SHARE CAPITAL cont. (c) Warrants: Warrants have been granted in the current and prior years with shares and flow-through shares pursuant to private placement financing. The outstanding warrants at the year end to purchase common shares are as follows:
Expiry Date No. of Warrants Exercise Price $/share
13-Jul-2009 5,500,000 0.55 expired
13-Jul-2009 500,000 0.20 expired
2-Nov-2009 333,333 0.30 expired
2-Nov-2009 3,666,665 0.55 expired
14-Dec-2009 3,911,500 0.55
14-Dec-2009 188,520 0.31
3-Dec-2009 326,690 0.10 exercised
3-Dec-2009 2,333,500 0.15 exercised
9-Dec-2010 1,428,571 0.07 exercised
9-Dec-2010 15,714,283 * 0.15 exercised
Total: 33,903,062
*Exercisable at a price of $0.15* until the first anniversary and thereafter at a price of $0.20 until expiry.