for you stockguru72:

"In consideration for the favorable restructuring of the royalty terms, the Company will provide the University 2,000,000 common shares, subject to approval by the TSX Venture Exchange; trading of these shares is restricted until May 31, 2016. The restructuring is subject to the final execution of the formal amendment to the License Agreement."

http://www.poet-technologies.com/news/poet-technologies-announces-changes-in-executive-leadership-and-university-of-connecticut-license-agreement.html