As of November 16, 2016
The Company has one class of shares, being Common Shares.
|Convertible Notes (excluding the Lind Convertible Security):2||1,081,814|
|Lind Convertible Security:3|
|Assuming an average market price on conversion of $0.75||9.257,784|
|Assuming an average market price on conversion of $1.00||8,216,894|
1 Each exercisable into one Common Share
2 Represents estimated maximum Common Shares convertible pursuant to the Company’s private placement of convertible debentures which closed October 22, 2015. Actual Common Shares issued may be impacted by the USD:CAD exchange rate, accrued interest payable and current trading price of the Company’s Common Shares at conversion date.
3 Represents Common Shares issuable on conversion of outstanding principal amount of US$4.3 million. For more information on the possible dilution applicable to the Convertible Security, including on subsequent funding thereof by Lind (if any), please refer to the Company’s information circular dated January 19th, 2016 and available under the Company’s profile at www.sedar.com.