As at January 27 2017, Avnel Gold Mining Limited had the following capital structure:
|Ordinary Shares Outstanding||375,123,300|
In addition, Avnel Gold has the following share purchase warrants, stock options and similar instruments outstanding:
If all of the warrants, options, and units were to be exercised, Avnel Gold would have 413,456,300 common shares outstanding.
Notes to Table:
1 – Provided that in the event that the Common Shares trade on the TSX, or other recognized stock exchange or market, as applicable, at a volume weighted average price of C$0.30 or more for a period of at least 20 consecutive trading days, the Company shall be entitled to accelerate the exercise period to a period ending at least thirty days from the date that notice of such acceleration is provided. These warrants expire on February 19, 2017.
2 – The weighted average exercise price is C$0.442 per share purchase option.
3 – Exercise price of US$0.275 per share purchase option that expire February 23, 2023.
4 – Employee Performance Units, whose release date will be the following day that the closing price of the Company’s ordinary shares on the Toronto Stock Exchange has exceeded C$0.50 for ten consecutive trading days. On the release date 50% of the performance units will be released with the remaining 50% one year after the release date.
5 – Each share purchase warrant has a term of two years expiring 7 May 2017.
6 – Each broker compensation warrant has a term of two years expiring 7 May 2017.