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Note 4 - Capital Stock and Warrants
3 Months Ended
Sep. 30, 2017
Notes  
Note 4 - Capital Stock and Warrants

Note 4 – Capital Stock and Warrants

 

            Authorized

 

The total authorized capital is as follows:

-          300,000,000 common shares with a par value of $0.001 per common share; and

-          10,000,000 preferred shares with a par value of $0.001 per preferred share

 

Issued and outstanding

 

There were no shares issued during the quarter ended September 30, 2017.  At September 30, 2017 there were 24,889,395 common shares issued and outstanding.

 

Warrants

 

As of September 30, 2017, the Company did not have any warrants outstanding.

 

Stock Options

 

As at September 30, 2017 there were 2,291,000 stock options outstanding, exercisable at a weighted average exercise price of $0.76 per share.  Of this total, 56,000 have an exercise price of $0.1875 and expire on February 17, 2020 and 2,235,000 have an exercise price of $0.76 and expire May 2, 2022.

 

As at September 30, 2016 there were 1,182,667 stock options outstanding, exercisable at a weighted average exercise price of $0.1875 per share, and expiring on February 17, 2020.