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OQI SASK STOCK OPTIONS
 9 Months Ended
Jan. 31, 2012
OQI Sask Stock Options [Abstract]  
OQI SASK STOCK OPTIONS
9.
OQI SASK STOCK OPTIONS
 
OQI acquired the non-controlling shareholder interest in OQI Sask in August 2006 (“the reorganization”).  Certain stock options issued by OQI Sask remained outstanding after the reorganization.  On exercise, each OQI Sask option may be exchanged into 8.23 OQI Sask Exchangeable Shares which are exchangeable into OQI common shares.  Options in OQI Sask during the nine months ended January 31, 2012 are detailed below.
 
 
 
Number
 
 
Weighted
Average
Exercise
Price
(CDN)
 
 
 
 
 
 
 
 
Issued and outstanding, April 30, 2011
 
 
946,667
 
 
$
23.01
 
Expired
 
 
(946,667
)
 
$
23.01
 
Issued and outstanding, January 31, 2012
 
 
-
 
 
$
-
 
 
As at January 31, 2012, the Company had no unrecognized stock option compensation expense related to the OQI Sask options.