Share Capital Structure – as at June 1, 2020

Shares Issued and Outstanding
375,160,588
Options (exercise price of $0.64 - $3.39)
33,467,494
Fully Diluted Share Capital (1)
408,628,082

(1) inclusion of potential debenture conversions would bring the number of fully diluted shares to 465,643,471
(2) The US$15M 2020 Debenture – Potential Conversion is based on the US$15M Debenture amount converted to CAD at May 8, 2020 FX rate of 1.3934 at the conversion price of $2.34.