Share Structure

as of October 31, 2018

Shares Outstanding:38.3 Million
Share Price & Market Capitalization$0.28$10.7 Million
Estimated Working Capital$1.5 Million
Repriced Warrants at $0.225:
(exp Nov. 08, 2018)*1,690,994$380,474
(exp Jun. 28, 2019)*1,764,985$397,122
(exp Jun. 08, 2020)**17,721,652$3,987,372
Agent Warrants at $0.37 (average price):778,907$288,044
Share Options at $0.24 (average price):3,164,998$730,749
Fully Diluted Shares Outstanding & Potential Working Capital63.4 Million$7.3 Million

Accelerator Clauses:

*These warrants are subject to a forced conversion clause such that, in the event that the common shares of the Company trade at a closing price greater than $0.28 per share for a period of 10 consecutive days, the Warrant holders must exercise their Warrants within the next 30 days, or the Warrants will expire.

**These warrants are subject to an accelerator clause such that, in the event that the common shares of the Company trade at a closing price greater than $0.42 per share for a period of 10 consecutive days, then the Company may deliver a notice to the Warrant holders that they must exercise their Warrants within the next 30 days, or the Warrants will expire.


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