Below is a summary of OSI Geospatial’s share structure as May 31, 2008.
| Common shares – issued and outstanding |
46,956,439 |
| Class A preference shares |
|
| - Convertible at a ratio of 1:1 |
30,262 |
Class B preference shares |
|
| - With a par value of $50 each, convertable at a ratio of 1:58.82 |
178,530 |
Warrants |
13,781,766 |
Stock options - outstanding and exercisable |
|
- Weighted average exercise price: $0.80 |
3,414,333 |
Fully diluted |
|
- If all warrants and options were exercised |
76,103,696 |
The warrant holders have the ability to purchase a specified number of common shares for $0.85 or $0.80 each depending on series or they can elect to exercise their warrants on a cashless basis. Under the cashless alternative, common shares would be issued equivalent to the gain that would be realized using an 85 cent or 80 cent reference price.
Consult OSI Geospatial’s annual and quarterly reports in Financial Info for detailed information about the company’s share structure
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