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Capital Structure

The Company’s Capital Structure as of March 31, 2009 and May 29,2009:

  As of March 31, 2009 As of May 29, 2009
Common Shares Outstanding 595,799,301 595,799,301
Stock Options Outstanding 46,875,000 46,875,000
December Underwriters’ Warrants 1 4,288,750 4,288,750

Notes:
(1) Warrants to purchase 6,000,000 Falcon common shares at a price of $0.39 (CDN$0.40) per share were issued to the underwriters in December 2007 in connection with the offering completed in December 2007, and expire two years after the date of issuance.

 
 
     

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