This is very nice to see that finally based on this from financials that all the 15 cent warrants are now gonzo....0.13 yrs converts to 47 days from Nov.30 2012 and that means all the 15 cent warrants have been exercised.....Its very encouraging to know that we are still doing just fine with what used to be 30 some million 15 cent warrants remaining.......Now that we are past those a lot of those are now in stronger hands.....and the next warrants that expire will be at 45 cents and obviously a lot less of them... I can see why maybe we got sold down a bit as exercising all those warrants is over a million dollars......  

                                                                     Number of warrants

Weighted average 

exercise price

Balance at August 31, 2012                 32,356,200   $0.44                         

Exercise of warrants                              (1,810,000)   $0.15                         

Balance at November 30, 2012           30,546,200   $0.46                       

 

Warrants outstanding:                                                  

                                                        Weighted average 

                                                          years to expiry      Number of Warrants

Warrants exercisable at    $0.15                  0.13          7,366,200                           

Warrants exercisable at    $0.45                  0.58          7,180,000                           

Warrants exercisable at    $0.60                 1.42           16,000,000                           

Balance at November 30, 2012