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Re: Basque Trader post# 52555

Thursday, 05/12/2016 8:55:56 AM

Thursday, May 12, 2016 8:55:56 AM

Post# of 63744
I just found this in the MD&A Document in the SEDAR

"OUTSTANDING SHARE DATA

The authorized share capital of the Company consists of an unlimited number of common shares and an unlimited number of preference shares, issuable in series. As at May 11, 2016, the Company had outstanding 302,309 common shares, 116 series A preference shares, 1,200 series B preference shares, stock options to purchase an aggregate of 24,187 common shares, 8,400 warrants (with each such warrant entitling the holder to purchase one common share of the Company at a price of $6.65 until March 1, 2017), additional warrants entitling the holders to purchase a total of 13,300 common shares of the Company at a price of Cdn$0.236 per share until August 18, 2017, and 12,500 warrants (with each such warrant entitling the holder to purchase one common share of the Company at a price of $0.2275 until February 25, 2019). Reference is also made to the private placement completed in February 2014, pursuant to which preferred shares of two subsidiaries of the Company were issued. At the option of the holders of such preferred shares and at any time before the maturity date of such preferred shares of June 1, 2017, the holders are entitled to exchange their preferred shares into 63,000 common shares of the Company at a strike price of $0.5673 per common share."

For 302309000 shares, the net loss per share would be about $0.08. Small difference but still...

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