| |
| |
Proceeds |
Insider % |
| Issued and Outstanding |
32,708,577 |
|
20.15% |
| Issuable upon exercise of warrants |
8,138,500 |
495,250 |
|
| Issuable upon exercise of options |
2,250,000 |
225,000 |
|
| Issuable pursuant to conditional property payment 1 (1) |
1,000,000 |
- |
|
| Issuable pursuant to conditional property payment 2 (2) |
1,500,000 |
- |
|
| Total fully diluted |
45,597,077 |
$ 720,250 |
27.34% |
(1) shares will be issued upon the definition within 3 years of a 43-101 compliant resource of 1 million measured ounces of gold equivalent (gold + silver) where 1 measured oz = 1 oz; 1 indicated oz = 0.75 oz and 1 inferred oz = 0.50 oz.
(2) shares will be issued upon the definition within 5 years of a 43-101 compliant resource of 2 million measured ounces of gold equivalent (gold + silver) where 1 measured oz = 1 oz; 1 indicated oz = 0.75 oz and 1 inferred oz = 0.50 oz.
|