HIGH-GRADE NI-CU-PT-PD-ZN-CR-AU-V-TI DISCOVERIES IN THE "RING OF FIRE"

NI 43-101 Update (September 2012): 11.1 Mt @ 1.68% Ni, 0.87% Cu, 0.89 gpt Pt and 3.09 gpt Pd and 0.18 gpt Au (Proven & Probable Reserves) / 8.9 Mt @ 1.10% Ni, 1.14% Cu, 1.16 gpt Pt and 3.49 gpt Pd and 0.30 gpt Au (Inferred Resource)

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Message: Re: More dilution?
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Apr 02, 2015 02:38PM
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Apr 02, 2015 04:09PM

(the "Loan Agreement"), will be satisfied by delivery of 728,588 of the Company's common shares (the "Interest Shares") at an effective price of $0.5219 per Interest Share.

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Interest payment 0f 728,588 shares to be delivered on April 1o/15 is the second

lowest number of shares for a full quarter's interest. It compares with my own

calculation of 768,645 shares. My average price without volume weighting of

$ 0.4535 differs quite a bit from theirs @ $0.5219. The lowest number of shares

was paid out on July 10/14, 518,270 shares. Unfavourable excange rate of

CD Dollar hurt us again.

GLTA,

Fossil

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