One final note on AXG - I was wondering if any selling pressure will come in if the share price rallies at all on this news. Well, there are 10 million shares out, no warrants, and the following options which have either expired or won't be exercised anytime soon ($.03 a long way from $3.00).
Outstanding Share and Option Data
Antipodes Gold’s shares trade on the TSX Venture Exchange and the New Zealand Alternative Exchange (“NZAX”) under the symbol “AXG”. The Company is authorized to issue an unlimited number of common shares without par value. On March 24, 2014 the Company announced the completion of a consolidation of its share capital on a ten (10) old for one (1) new share basis. As at November 22 2014, the following items were issued and outstanding:
· 10,566,560 common shares;
· 287,000 common share purchase options with an average exercise price of $3.08 per share and expiry dates of between August 16, 2015 and February 9, 2017;
· 190,800 unlisted common share purchase warrants with an exercise price of $3.50 per share and an expiry date of October 16, 2014;
· 1,971,907 unlisted common share purchase warrants with an exercise price of $2.50 per share and an expiry date of December 11, 2014;
· 349,032 unlisted common share purchase warrants with an exercise price of $2.50 per share and an expiry date of December 28, 2014; and
· 197,267 unlisted common share purchase warrants with an exercise price of $2.50 per share and an expiry date of February 14, 2015; |