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a) |
Authorized |
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100,000,000
* Common shares, $0.001
par value
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And |
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5,000,000
Preferred shares, $0.001
par value
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*On March 20, 2013 the Company filed with the Secretary of the State of Delaware a certificate of amendment (the “Amendment”) to the Company’s certificate of incorporation. The Amendment increased the number of authorized shares of the Company’s common stock, par value $0.001, from
50,000,000
to
100,000,000
common shares.
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The Company’s Articles of Incorporation authorize its Board of Directors to issue up to
5,000,000
shares of preferred stock. The provisions in the Articles of Incorporation relating to the preferred stock allow the directors to issue preferred stock with multiple votes per share and dividend rights, which would have priority over any dividends paid with respect to the holders of SDI’s common stock.
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b) |
Issued |
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54,615,642
Common shares (2014:
46,899,285
Common shares)
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c) |
Changes to Issued Share Capital
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Year ended November 30, 2014
On July 17, 2014, the Company issued
50,000
shares on exercise of options at $0.25
per share.
Nine- months ended August 31, 2015
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a) |
On June 3, 2015, the Company received $16,775
and $6,995
for the exercise of
105,600
warrants and
35,000
options respectively.
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b) |
On June 19, 2015, the Company issued
7,575,757
common stock at price of $0.33
(CAD $0.40) per share on a non-brokered private placement basis and raised $2,500,000. There were no broker commissions or fees associated with this subscription. The closing of the private placement was approved by the TSX-Venture Exchange, as required under stock exchange rules.
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