Axiom Mining 2015 Annual Report

COMPANY FINANCIAL REPORT

Notes to the financial statements for the year ended 30 September 2015

95

19. Share capital (continued)

b. Share options Details of the movements in options are as follows:

No. of options outstanding as at 1/10/2014

No. of options outstanding as at 30/09/2015 (1)

Granted during the year

Exercised during the period

Expired during the year

Exercise Price

Grant Date Expiry Date

Bergen agreement Consultants

02/04/12 02/10/14 666,667 0.4500 24/09/12 20/12/15 133,333 0.3000

(666,667)

–

133,333

Option to private placement

25/10/12 30/10/14 555,556 0.4500 30/10/12 30/10/14 433,333 0.4500

(555,556) (433,333)

– –

Consultants

Option to private placement

04/03/13 15/02/16 1,666,667 0.3000 04/03/13 15/02/16 1,666,666 0.3000 10/02/14 10/02/17 883,333 0.2805 11/02/14 30/11/14 1,066,667 0.2550 10/04/14 31/03/15 25,169,525 0.3000 10/04/14 31/03/15 666,666 0.3000 10/04/14 31/03/15 300,000 0.3000

1,666,667 1,666,666

Consultants Consultants Consultants

883,333

AXIOM MINING LIMITED ANNUAL REPORT 2015

(1,066,667)

–

Option to private placement

(25,169,525)

– – –

Consultants Consultants

(666,666) (300,000)

Option to private placement Option to private Placement Options approved for issue at Annual General Meeting (‘AGM’) Options to convertible notes

08/09/14 30/11/14 5,199,223 0.3000

(5,199,223)

–

08/09/14 30/11/14 737,700 0.3000

(737,700)

–

01/05/15 30/09/15

–

0.3000 25,169,498 (2,710,949) (22,458,549)

–

02/06/15 31/05/16 10/07/15 30/09/15

– –

0.3000 2,000,000 0.3000 233,333

2,000,000

Consultants

(233,333)

–

Option to private placement

13/07/15 30/09/15 10/07/15 31/05/16 10/07/15 31/05/16 10/07/15 31/05/16 10/07/15 31/05/16 10/07/15 31/05/16

– – – – – –

0.3000 66,666 0.4000 3,000,000 0.5500 4,500,000 0.1750 666,666 0.3500 400,000 0.5000 100,000

(66,666)

–

Consultants Consultants Consultants Consultants Consultants

3,000,000 4,500,000

666,666 400,000 100,000

39,145,336

36,136,163 (2,710,949) (57,553,885) 15,016,665

Weighted average exercise prices

0.3047

0.3382 0.3000 0.3035 0.3909

(1) Option holders do not have any rights to participate in any issues of shares or other interests in the Company or any other entity.