|
Price per share |
Financing |
Shares |
| |
| Seed Financing |
$0.10 |
$210,000 |
2,100,000 |
| IPO – PI Financial Corp. |
$0.20 |
$200,000 |
1,000,000 |
| Post IPO |
|
$410,000 |
3,100,000 |
| Exercise of Agents Options |
$0.20 |
$2,800 |
14,000 |
| December 2007 Private Placement |
$0.25 |
$550,000 |
2,200,000 |
| |
| Qualifying Transaction – Initial Blue Hill Creek Share Issuance |
n/a |
0 |
1,500,000 |
| Kilgore JV – First Payment |
|
0 |
500,000 |
| July 2008 Private Placement |
$0.50 |
$1,882,500 |
3,765,000 |
| Qualifying Transaction – Second Blue Hill Creek Share Issuance |
n/a |
0 |
750,000 |
| June 2009 Private Placement |
$0.25 |
$1,175,500 |
4,702,000 |
| Qualifying Transaction – Third Blue Hill Creek Share Issuance |
n/a |
$0 |
750,000 |
| Kilgore JV – Second Payment |
n/a |
$0 |
400,000 |
| October 2009 Private Placement |
$0.65 |
$2,433,950 |
3,447,539 |
| Warrant Conversion – July 2009 Private Placement |
$0.35 |
$1,690,150 |
4,829,000 |
| Issued and Outstanding |
|
$4,020,800 |
25,957,539 |
| |
| Options: |
|
|
|
| Founding Directors |
$0.20 |
$62,000 |
310,000 |
| Management, Consultants & Directors |
$0.50 |
$395,000 |
840,000 |
| Management & Directors |
$0.40 |
$160,000 |
400,000 |
| Total Options |
|
$617,000 |
1,550,000 |
| |
| Warrants: |
|
|
|
| July 2008 Private Placement (expire July 2010) |
$0.90 |
$3,388,500 |
3,765,000 |
| October 2009 Private Placement (expire Octover 2011) |
$0.90 |
$1,551,393 |
1,723,770 |
| Total Warrants |
|
$4,939,893 |
5,488,770 |
| Shares Fully Diluted |
|
$9,577,693 |
32,996,309 |
