Prior to the exercise of the warrants, the Acquiror beneficially owned and controlled an aggregate of 15,209,194 common shares in the capital of the Company, representing 8.80% of the issued and outstanding shares of the Company prior to the exercise. Subsequent to the exercise of the warrants, the Acquiror beneficially owns and controls an aggregate of 15,709,194 common shares of the Company, representing 9.06% of the issued and outstanding shares of the Company following the exercise. In addition, if the Acquiror exercised all of the warrants, stock options and restricted share units of the Company held by the Acquiror which are exercisable within sixty days of his original warrant exercise, he would beneficially own and control an aggregate of 23,562,834 shares of the Company, representing 13.01% of the issued and outstanding shares of the Company. The warrants of the Company held by the Acquiror have exercise prices ranging from
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