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Weighted average exercise price

Aggregate intrinsic value

Weighted average remaining contractual life (years)

Outstanding at February 28, 2014

2,680,000

$

1.70

-

Forfeited, cancelled and expired

(615,000

)

$

1.56

-

Issued

745,000

$

1.15

-

Outstanding and expected to vest at February 28, 2015

2,810,000

$

1.58

$

20,670

8.29

Exercisable at February 28, 2015

1,742,000

$

1.78

$

17,790

7.67