Capital Structure

The authorised share capital of the Company is unlimited with no par value.

The Company's capital structure as of the date stated as last updated below, consists of:

Issued share capital 183,694,941
Share options outstanding
50,000 at GB£2.00/Cdn$3.2077 expiring 29 May 2017
725,000 at GB£0.70/Cdn$1.09123 expiring 29 May 2018
6,250,000 at GB£0.01 expiring 2 February 2022
2,250,000 at GB£0.01 expiring 9 February 2022
9,275,000
Share Warrants
79,787,493 exercisable at £0.015 expiring 27 February 2019
35,000,000 exercisable at £0.015 expiring 28 April 2019
114,787,493
Fully diluted Issued Share Capital307,757,434


The Company has been notified of the following holders of more than 3% of its share capital:

Date of NotificationRegistered HolderNumber of sharesPercentage of capital
14 February 2017Beaufort Nominees Ltd 12,935,8407.0%
4 November 2016Resource Early Stage Opportunities Company (RESOC)
10,439,0005.7%

In accordance with AIM Rule 26, in so far as the Company is aware and as of the date below, the percentage of the Company's issued share capital that is not in public hands is 2.8%.

Last updated on 14 February 2017

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