It appears that the Pinetree owned CDN $1.00 warrants will expire unexercised. This s a Good Thing (TM). Here's a table to show the current numbers. The number of unexercised warrants with a February expiry almost exactly match the number of warrants Pinetree holds.
Current O/S |
198,927,570 |
Share O/S 9/30 |
194,014,315 |
Shares issued since 9/30 |
4,913,255 |
|
|
1.00 Warrants |
6,734,577 |
.23 compenstation warrants |
916,855 |
Total warrants (Feb expiry) |
7,651,432 |
|
|
Unexercised Warrants |
2,738,177 |
Pinetree-owned warrants |
2,775,385 |