Outstanding Share Capital

Stornoway’s authorized capital is unlimited common shares without par value. As at July 20, 2009, there were 254,234,063 common shares issued and outstanding.

As at July 20, 2009, the following options are outstanding:

Number of Shares
  Average Exercise Price Year of Expiry
913,280 $ 1.65 2009
718,820 $ 1.42 2010
1,392,700 $ 1.17 2011
5,118,980 $ 1.16 2012
3,662,205 $ 0.51 2013
259,100 $ 0.75 2014
200,400 $ 1.12 2015
12,265,485