AE is committed only to a Stand-By Commitment. Although the Circular suggests otherwise, AE's Basic Subscription Privilege is for 306,095 shares (4,591,429 divided by 15), which differs from the published numbers. His Basic Subscription Privilege, if exercised, would cost him $229,571.
The Stand-By Commitment only comes into play after June 10. Provided that the 20-day trailing market price has not fallen below the exercise price (i.e. $0.75), then he could be on the hook for ~$100k. However, S. 5.1(1) of NI 45-101 precludes him from increasing his proportionate holdings under either scenario, if the market price condition is not met.
http://www.osc.gov.on.ca/documents/en/Securities-Category4/rule_20080905_45-101_unofficial-consolidated.pdf
As to the actual adjustments in holdings of AE and any other insider via this rights offering, the only way to know for sure is to check SEDI, the System for Electronic Disclosure by Insiders. INK, or Canadian Insiders, updates the day following actual SEDI filings.
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