"Concerning the options, we insiders exercised 1,150,000 options at 12 cents. In the insider reporting on SEDI, it's a 2-step process.

First, we have to "dispose" of the options using the category, "51 - Exercise of options".
Second, we have purchase the shares also using same category, "51 - Exercise of options".

It looks like we "sell" the options and buy the shares. It's not just a simple conversion. The bureaucrats who designed the insider reporting system seem to have made it as complicated as possible.

Regards,

Terry"