Tumi - Premier Silver Explorer in Mexico and Sweden
What Distinguishes Tumi?
- Premier Silver Explorer in two of the most prospective countries in the world, Mexico and Sweden
- Portfolio of advanced and early stage silver projects
- Dynamic and experienced exploration team
- Very active public relations and market awareness program to brand Tumi's name in the investment community
Please provide a comprehensive summary of the current capital structure (to include all shares, warrants with strike prices and term, and any other convertible instruments)?
|
Issued and Outstanding: |
50,655,039 |
|
Stock Options: |
2,435,000 |
|
Expiring March 5, 2012, at $0.15 |
853,000 |
|
Expiring July 14, 2012, at $0.15 |
405,000 |
|
Expiring June 14, 2013, at $0.10 |
615,000 |
|
Expiring August 3, 2013, at $0.10 |
62,000 |
|
Expiring October 6, 2013, at $0.10 |
250,000 |
| Expiring May 13, 2014, at $0.185 | 250,000 |
|
Warrants: |
14,667,000 |
|
Expiring February 18, 2012, at $0.25 |
2,500,000 |
|
Expiring March 25, 2012, at $0.25 |
3,550,000 |
|
Expiring November 3, 2012, at $0.15 in Year 1 and $0.20 in Year 2 |
7,500,000 |
| Expiring May 13, 2013, at $0.23 in Year 1 and $0.30 in Year 2 | 3,125,000 |
|
Fully Diluted: |
67,757,039 |
How much cash do you have currently available?
C$1.8 million approximately
What is the current cash burn rate?
C$30,000 per month
What are your plans for future equity issues, and the timing of any?
Raise capital as soon as market conditions permit.
Have there been any substantial shareholder changes recently (please provide a current significant shareholders list)?
No significant shareholder changes recently.
What is the level of progress of each property?
Mexico - The Company has five mineral exploration projects in Mexico, including the Mezquite silver/base metal project, which is a recent aquistion and will be drilled as soon as possible. The Company's most advanced project is La Trini which has a silver/gold resource.
Sweden - 100% ownership of nine exploration properties.
Have there been any significant drilling results?
Yes, at La Trini, Mexico, and at Sala, Sweden
What is the current 43-101 resource?
At Trini, Mexico:
Indicated Resource: 1,661,359 tonnes at 121 g/t Ag and 0.88 g/t Au
Inferred Resource: 192,880 tonnes at 99 g/t Ag and 0.92 g/t Au
What is the future work program?
La Trini - Metallurgical testwork and scoping study; Mezquite - drilling.
Any other developments (new properties, new partners, etc.)?
The Company is currently reviewing new silver/base metal projects in Mexico and Sweden to add to its existing portfolio.