The total cost to exercise all the options is $2.5million for 6.7 million options. The number of shares issued since the end of April is 4.6 million (not including shares to Denselight). The 2.6 million shares issued on June 2 is as a bit of an anomaly since it does not fit with Canaccord selling. Which may just mean that there has in fact been an off market block trade.
Canaccord have sold 2.6 million shares (in the market) over that time period for total proceeds of $2.7 million. $2.5 million is required to pay for all the in the money options and maybe another million to pay the tax liability?
|
options
|
exercise price
|
owner
|
cost
|
|
300,000
|
0.43
|
Stephane Gagnon
|
$129,000
|
|
500,000
|
0.44
|
Stephane Gagnon
|
$220,000
|
|
2,500,000
|
0.235
|
Peter Copetti
|
$587,500
|
|
500,000
|
0.445
|
Peter Copetti
|
$222,500
|
|
300,000
|
0.49
|
Peter Copetti
|
$147,000
|
|
1,500,000
|
0.445
|
Geoffrey Taylor
|
$667,500
|
|
500,000
|
0.51
|
Geoffrey Taylor
|
$255,000
|
|
300,000
|
0.49
|
Geoffrey Taylor
|
$147,000
|
|
30,000
|
0.28
|
Geoffrey Taylor
|
$8,400
|
|
10,000
|
0.345
|
Geoffrey Taylor
|
$3,450
|
|
75,000
|
0.76
|
Geoffrey Taylor
|
$57,000
|
|
100,000
|
0.51
|
Geoffrey Taylor
|
$51,000
|
|
75,000
|
0.23
|
Geoffrey Taylor
|
$17,250
|
|
6,690,000
|
|
|
$2,512,600
|
Share count
|
date
|
issued
|
|
29/04/2016
|
60,000
|
|
03/05/2016
|
28,040
|
|
06/05/2016
|
25,000
|
|
11/05/2016
|
435,000
|
|
16/05/2016
|
110,000
|
|
17/05/2016
|
105,000
|
|
19/05/2016
|
100,000
|
|
20/05/2016
|
-100,000
|
|
24/05/2016
|
100,000
|
|
25/05/2016
|
350,000
|
|
26/05/2016
|
75,000
|
|
27/05/2016
|
-75,000
|
|
30/05/2016
|
75,000
|
|
31/05/2016
|
125,000
|
|
01/06/2016
|
50,000
|
|
02/06/2016
|
2,625,000
|
|
06/06/2016
|
50,000
|
|
07/06/2016
|
50,000
|
|
08/06/2016
|
50,000
|
|
15/06/2016
|
390,000
|
|
16/06/2016
|
50,000
|
|
17/06/2016
|
-50,000
|
|
|
4,628,040
|
