8. Share capital June 30
December 31
2008
2007
Authorized
Unlimited common shares, without par value
Unlimited Class "A" preference shares, no par value
Unlimited Class "B" preference shares, no par value
Issued
294,671,000 (2007 - 261,659,072) common shares
$ 561,588 $ 503,489
Warrants
As at June 30, 2008 common share purchase warrants were outstanding enabling the holders to acquire common shares as follows:
Weighted average
Number of remaining
Exercise Price warrants contractual life
(thousands) (years)
$2.95 (CDN $3.00) 16,445¹ -
$4.25 12,250² -
$4.00 8753 0.04
29,570
1. These warrants expire on the later of: (i) August 11, 2009; and (ii) six months following the date which is 45 days following the receipt of the Permit for the Company’s Las Cristinas project.
2. These warrants become exercisable for an eighteen month period commencing on the date which is 45 days following the receipt of the Permit for the Company’s Las Cristinas project.
3. These warrants expired on July 14, 2008.
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