Well, there could be more, depending on what got exercised from the excerpt below, which comes from our current financials. Take note, that only insiders would show up on Canadian Insider Trade summary, and that any employee/private exercise will not. The only way to know this, is in the next financials, where we can see the total exercised.

Here is the $14 million I speak of;

As of February 28, 2011, the Company had 104,143,614 issued and outstanding shares and 120,976,613 on a fully

diluted basis if in the money options and warrants are exercised. If the Company were to issue the additional

16,657,999 shares to reach the fully diluted amount, it would raise an additional $14,071,500. These prospective

funds comprise of $11,459,500 from 11,708,000 in the money stock options issued to employees, directors and

consultants and $2,612,000 from warrants to issue 4,949,999 shares.

During the quarter ended February 28, 2011, the Company did not complete any private placements: