 |  | 
|  | 
As of December 31, 2011
Share Capital
| Issued and Outstanding |
14,831,768 shares |
| Fully Diluted |
15,006,668 shares |
Outstanding Options
| Expiry Date |
No. of Optioned Shares |
Exercise Price |
| Dec. 31, 2011 |
33,750 |
$6.40 |
| Dec. 31, 2011 |
5,375 |
$8.40 |
| April 24, 2012 |
57,000 |
$6.40 |
| June 30, 2012 |
375 |
$8.40 |
| June 30, 2012 |
700 |
$5.15 |
| Nov. 27, 2012 |
15,000 |
$8.40 |
| June 9, 2014 |
54,200 |
$5.15 |
| June 21, 2014 |
8,500 |
$5.60 |
| TOTAL: |
174,900 |
|
|  |