$0.380
TSX:MAW
$0.250
FSE:MXR
$0.274
PK:MWSNF
Webcast January 30, 2020

Capital Structure

Share Capitalization as of May 27, 2020

Share Capital Structure Price No. of Securities Total Securities
Issued and Outstanding 253,757,842
Stock Options:
   Expiring June 15/20 $0.39 400,000
   Expiring Nov 1/21 $0.30 170,000
   Expiring Jan 15/23 $0.23 6,730,000
   Expiring Apr 24/23 $0.275 200,000
   Expiring May 21/23 $0.355 100,000
   Expiring Feb 12/24 $0.275 4,350,000 11,935,000
Warrants:
   Expiring October 30, 2021 $0.24 24,613,374
   Expiring October 30, 2021 $0.185 2,279,730
   Expiring May 20, 2022 $0.35 2,428,600
   Expiring May 20, 2022 $0.45 24,286,000
   Expiring May 27, 2022 $0.45 1,435,425 55,043,129
Fully Diluted 320,735,971

Date Financing Details Price per Security Number of Securities Warrants Outstanding Price per Warrant
Oct 2004 Initial Public Offering (IPO) 0.40 3,625,000
Sep 2005 Private Placement 0.40 6,000,000
Apr 2006 Private Placement 1.15 6,600,000
Dec 2006 Private Placement 1.15 600,000
Feb 2007 Private Placement 2.00 4,000,000
May 2009 Private Placement 0.50 1,500,000
May 2010 Areva Private Placement 0.29 4,696,698
Oct 2010 Sentient Private Placement 0.79 5,000,000
Oct 2010 Private Placement 0.79 2,000,000
Aug 2013 Sentient Private Placement 0.45 3,700,000
Aug 2013 Private placement 0.45 2,010,417
Sep 2013 Sentient Private Placement 0.45 3,634,000
Oct 2014 Sentient Private Placement 0.33 3,030,303
Oct 2014 Sentient Private Placement 0.33 3,030,303
Oct 2014 Private placement 0.33 6,093,940
Dec 2015 Sentient Private Placement 0.20 7,500,000
Dec 2015 Private placement 0.20 8,257,892
Dec 2016 Sentient Private Placement 0.40 5,378,066 2,689,033 0.60
Dec 2016 Private Placement 0.40 9,621,934 4,810,967 0.60
Dec 2017 Private Placement 0.35 15,023,285 7,512,933 0.50
Feb 2018 Goldcorp Private Placement 0.45 18,000,000 9,000,000 0.65
Feb 2018 Private Placement 0.45 1,000,000 500,000 0.65
Oct 2019 Private Placement 0.16 49,376,749 24,688,374 0.24
May 2020 Prospectus Offering 0.35 48,572,000 24,286,000 0.45
May 2020 Private Placement 0.35 2,860,000 1,430,000 0.45