The following table sets forth the consolidated capitalization of the Corporation as at the dates indicated, and as

adjusted to give effect to the Offering. The table should be read in conjunction with the unaudited interim

consolidated financial statements of the Corporation as at and for the three and six months ended October 31, 2009

and management’s discussion and analysis thereon, incorporated by reference in this short form prospectus.

(unaudited)

(unaudited)

Current cash and cash equivalents $ 25,484,540 $32,134,541

Restricted cash 576,943 576,943

Marketable securities 2,040,498 2,040,498

Accounts receivable 6,519,371 6,519,371

Prepaid expenses 234,506 234,506

$ 34,855,858 $41,505,859