Share Structure
As of April 2017
| Issued and Outstanding | 75,692,575 |
| Warrants | 2,277,938 @ $0.25 Expiring Nov 2017 and 10,771,200 @ $0.35 Expiring Dec 2017 |
| Options | 3,650,000 @ $0.40 and $0.25 and $0.20 and $0.12 |
| Fully Diluted | 92,239,213 |
Working Capital (est. June 1, 2017) $2,700,000
Equity Financings
| 2011 July: | 4,362,000 shares @ $0.25 for $1,090,500 proceeds |
| 2011 November: | 250,000 shares @ $0.25 for $62,500 proceeds |
| 2012 January: | 2,850,666 shares @ $0.30 for $855,200 proceeds |
| 2012 May: | 5,500,000 shares @ $0.40 for $2,200,000 proceeds |
| 2013 May: | 3,333,332 units @ $0.15 for $500,000 proceeds |
| 2014 May: | 6,953,333 units @ $0.15 for $1,000,000 proceeds |
| 2014 Nov: | 2,235,500 units @ $0.13 for $290,615 proceeds |
| 2015 June: | 1,163,483 shares @ $0.12 for $139,617 proceeds |
| 2015 November: | 10,000,000 shares @ $0.08 for $800,000 proceeds |
| 2016 July: | 10,380,000 shares @ $0.25 for $2,595,000 proceeds |
- Insiders, founders and Strategic Metals collectively hold approximately 35% of issued & outstanding common shares
- Common share purchase warrant (Nov 2014) entitles the holder to purchase one additional common share at a price of C$0.25 per common share for a period of 36 months from the date of issue, subject to the Company's right to accelerate the expiry date of the warrants if the daily volume weighted average trading price of the common shares of the Company on the TSX Venture Exchange is equal to or exceeds $0.50 for a period of 10 consecutive trading days, commencing four months after the date the warrants are issued.
- Common share purchase warrant (May 2014) entitles the holder to purchase one additional common share at a price of C$0.25 per common share for a period of 12 months from the date of issue, subject to the Company's right to accelerate the expiry date of the warrants if the daily volume weighted average trading price of the common shares of the Company on the TSX Venture Exchange is equal to or exceeds $0.50 for a period of 10 consecutive trading days, commencing four months after the date the warrants are issued.
- Options to directors, key employees and consultants, are exercisable at $0.40 and $0.25 per share in accordance with the Company's Stock Option Plan.
- Complete details of the IPO and the Company's business are as set out in the Company's IPO Prospectus dated March 30, 2012 and filed on SEDAR.