| Shares Outstanding: | 37,320,960 | |
| Repriced Warrants at $0.225: | ||
| (exp Nov. 08, 2018)* | 2,226,706 | $501,009 |
| (exp Jun. 28, 2019)* | 2,098,315 | $472,121 |
| (exp Jun. 08, 2020)** | 17,833,318 | $4,012,497 |
| Agent Warrants at $0.37 (average price): | 778,907 | $288,044 |
| Share Options at $0.24 (average price): | 2,981,664 | $714,749 |
Accelerator Clauses:
*These warrants are subject to an accelerator clause such that, in the event that the common shares of the Company trade at a closing price greater than $0.28 per share for a period of 10 consecutive days, the Warrant holders must exercise their Warrants within the next 30 days, or the Warrants will expire.
**These warrants are subject to an accelerator clause such that, in the event that the common shares of the Company trade at a closing price greater than $0.42 per share for a period of 10 consecutive days, then the Company may deliver a notice to the Warrant holders that they must exercise their Warrants within the next 30 days, or the Warrants will expire.
