Replies to post #25949 on Value Microcaps Junior Miners

[DigiTech]

PCY share stucture

Shares Outstanding: 196,181,338

Options: 23,900,050
Exercise price range: $0.25 - $0.98
Expiry date range: February 2012 - June 2016

Warrants: 19,452,115
Exercise price range: $0.10 - $0.85
Expiry date range: August 2011 - October 2012

Fully Diluted: 239,533,503


Detail of the warants as of Q1 report:

Exercise price Number Expiration
$0.10 3,250,000 December 31, 2011
$0.40 15,375 December 31, 2011
$0.46 62,500 September 4, 2011
$0.49 1,859,321 February 17, 2012
$0.60 187,500 August 18, 2011
$0.60 133,750 December 31, 2011
$0.60 143,750 December 21, 2011
$0.65 414,000 September 1, 2011
$0.66 3,831,511 October 28, 2012
$0.70 536,250 September 4, 2011
$0.77 5,377,932 March 31, 2012
$0.80 2,964,731 March 31, 2012
$0.80 337,750 April 21, 2012
$0.80 2,753,097 March 23, 2012
$0.80 712,000 October 8, 2011
$0.85 1,800,000 December 24, 2011

Total
$0.10 to $0.85 24,379,467

The difference between Q1 and now (24M warrants vs 19M warrants) is that the December 2011 warrants were accelerated

So it is not 6M but 19 M warrants. Some warrants expire in august but I am not sur how many, could be the 6 M. The warrants represent 10% of the outstanding so not really a big dilution.

Next Tuesday we will get the quarter so it will be detailed in the report.

Cheers