Disclosure of Outstanding Securities
As of March 31, 2011, the Company had 54,611,184 common stock issued and outstanding and 1,000,000 Series A Preferred Shares issued and outstanding.
In addition, in May 2010, 250,000 options to purchase Common stock in the capital of the Company were granted to John Bordynuik as part of his employment contract. None of these options have been issued or exercised.
In relating to an earlier private placement, the Company issued, as finder’s fees, stock purchase warrants for the purchase of a fixed number of shares amounting to 113,750 shares. The exercise price of the stock purchase warrants was fixed at $0.80 per share, they were issued on November 10 2010, and all of the 113,750 aforementioned stock purchase warrants have been cancelled subsequent to year end.
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JBI, INC.- FORM 10-K - Filing Date 2011-04-20
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