Capital Structure Number
Shares Issued & Outstanding 15,767,197
Options Outstanding1 1,510,000
Warrants Outstanding2 3,791,583
Shares Fully Diluted 21,068,780
notes

1. Average exercise price of $0.13

2. Average exercise price of $0.17

Key Shareholders %
Directors, Management, Family & Friends 16.0
Private Investors, Funds 19.9

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