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Kiska Metals Corporation
Notes to the consolidated interim financial statements
March 31, 2012 and 2011
(Expressed in Canadian Dollars)
(Unaudited – Prepared by Management)
15. Employee remuneration (continued)
Share purchase options and weighted average exercise prices are as follows for the reporting periods
presented:
Number of
shares
Weighted
average
exercise price
Outstanding, January 1, 2011 6,034,827 $ 1.05
Granted 3,715,000 0.98
Forfeited (360,000) 0.98
Exercised (64,161) 0.66
Expired (1,172,859) 1.43
Outstanding, December 31, 2011 8,152,807 0.97
Granted - -
Forfeited (160,000) 0.73
Exercised - -
Expired (95,700) 2.29
Outstanding, March 31, 2012 7,897,107 $ 0.94
Options exercisable at end of period 6,147,107 $ 0.97
The weighted average share price at the date of exercise of options exercised during the previous year
ended December 31, 2011 was $1.04.
The following options are outstanding at March 31, 2012:
Number of
options
outstanding
Number
exercisable
Exercise price
per option
Expiry date
Weighted
average
remaining life
(years)
278,400 278,400 2.24 July 2012 0.29
2,666 2,666 6.90 August 2012 0.34
200,100 200,100 1.84 December 2012 0.70
60,900 60,900 0.98 July 2013 1.29
163,125 163,125 0.17 December 2013 1.72
65,250 65,250 0.25 March 2014 1.92
366,666 366,666 0.45 March 2014 1.92
1,120,000 1,120,000 0.90 December 2014 2.71
100,000 100,000 0.72 February 2015 2.85
250,000 187,500 1.00 June 2015 3.23
1,975,000 1,507,500 0.87 July 2015 3.28
1,340,000 1,035,000 1.35 February 2016 3.88
1,790,000 967,500 0.70 June 2016 4.24
185,000 92,500 0.29 December 2016 4.73
7,897,107 6,147,107 3.23
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