Financial
Shares outstanding
24,880,685
| Warrants | (693,685): exercisable into common shares at a price of $1.00 per share for 24 months, expiry 4 June 2010. |
| Broker Warrants | (390,985): exercisable into units at a price of $0.70 per unit for 24 months, expiry 4 June 2010. |
| Special Warrant Broker Warrants | (108,044): exercisable into common shares at a price of $0.80 per share for 24 month,expiry 4 June 2010. |
Fully Diluted Total
26,268,891
Share issuances:
| Date | Shares issued | Use of proceeds |
|---|---|---|
| 26 September 2006 | 13,875,000 at $0.20 | property acquisition |
| 21 August 2007 | 950,000 at $0.50 | working capital |
| 1 October 2007 | 450,000 at $0.50 | working capital |
| 12 October 2007 | 666,667 at $0.60 – flow through | airborne survey |
| 24 & 31 December 2007 | 1,543,500 special warrants at $ 0.80 – flow though | drilling |
| 9 June 2008 | 1,387,369 units at $ 0.70 | exploration and development |
| 4,198,150 – flow through at $0.80 | ||
Money's raised after 31 March 2008
$4,329,678.80
No external debt
Major shareholders
Augen Capital Corp 16.2%
Envoy Capital Group Inc (formerly Envoy Communications Group Inc) 14.7%
