Blackberry 1998 Annual Report Download - page 29

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11. Capital Stock
(a) Share capital and special warrants
The company has an unlimited number of authorized non-voting, redeemable, retractable Class A common
shares, an unlimited number of authorized voting common shares and an unlimited number of authorized,
non-voting, cumulative, redeemable, retractable special shares. The following details the changes in issued
and outstanding common shares, Class A common shares and special warrants for the period from February
29, 1996 to February 28, 1998:
Number
Common
Class A share
Common common purchase Special
shares shares warrants warrants Total
Balance, February 29, 1996 33,320,000 700,000 ___ ___ 34,020,000
Issued during the year 2,320,000 597,000 ___ 10,000,000 12,917,000
Conversion of Class A
common shares and special
warrants to common shares 11,297,000 (1,297,000) ___ (10,000,000) ___
Balance, February 28, 1997 46,937,000 ___ ___ ___ 46,937,000
Issued during the year 17,031,087 ___ 139,000 ___ 17,170,087
Balance, February 28, 1998 63,968,087 ___ 139,000 ___ 64,107,087
Amount
Common
Class A share
Common common purchase Special
shares shares warrants warrants Total
Balance, February 29, 1996 $ 2,199,238 $ 35,000 $ ___ $ ___ $ 2,234,238
Issued during the year 5,084,846 29,850 ___ 34,000,000 39,114,696
Conversion of Class A
common shares and special
warrants to common shares 34,064,850 (64,850) ___ (34,000,000) ___
Share issue costs (2,253,717) ___ ___ ___ (2,253,717)
Balance, February 28, 1997 39,095,217 ___ ___ ___ 39,095,217
Issued during the year 116,890,307 2 116,890,309
Share issue costs (8,058,878) ___ ___ ___ (8,058,878)
Income tax reduction
resulting from share
issue costs 306,000 ___ ___ ___ 306,000
Balance, February 28, 1998 $148,232,646 $ ___ $ 2 $ ___ $148,232,648
The Class A common shares and special warrants were converted into common shares on a share-for-
share basis on December 4, 1996. There are no special shares issued or outstanding.
Each common share purchase warrant entitles the holder to acquire one common share for $4.50 until
August 12, 2002.
27
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