25. There are currently 12,727,273 Hycroft Warrants issued and outstanding subject to the limitations on the number of record holders of Hycroft Securities, including the Hycroft Warrants, set forth in the US Corporate Charter, of which, Hycroft Warrants are beneficially held by 2,565 Canadians. Based on the most recent information available to the Filer, including geographical reports and the shareholders register, as of February 2, 2016, approximately 7.2% of the Hycroft Warrants are beneficially held by Canadians and approximately 12.0% of the beneficial holders of Hycroft Warrants are Canadians.