Capital Structure

Securities Number issued and outstanding
as at February 20, 2012
Common Shares 223,999,362
Warrants 42,952,783
Options 7,885,000
Fully diluted 274,837,145

The authorized share capital is comprised of an unlimited number of Common Shares and an unlimited number of Preferred Shares (issuable in series, none of which are issued).

The Shares and Warrants are trading under the ticker symbols MTO.V on the TSX Venture Exchange.

Detailed Table of the outstanding regular Warrants:

Expiry Date (mo-day-year) Exercice Price $ Balance
03-04-2012 0.40 9,946,200
03-05-2012 0.65 2,850,000
03-29-2012 0.65 60,000
05-15-2012 1.00 9,375,001*
06-20-2012 1.00 1,250,000
07-19-2012 1.00 312,500
02-18-2013 0.40 4,045,834
03-04-2013 0.40 3,957,000
12-20-2013 0.40 10,420,954
01-20-2014 0.40 735,294
TOTAL: 42,952,783

*listed on TSX Venture




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