$SGRCF SAN GOLD CORPORATION
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEARS ENDED DECEMBER 31, 2012 and 2011
PAGE 16 OF 26
13. Share capital
Authorized: Unlimited number of common shares
Issued and fully paid, no par value: 335,230,029 common shares (December 31, 2011 – 312,676,841)
The Company’s board of directors and shareholders have approved a stock option plan, the purpose of which is to provide
employees, consultants, and directors of the Company with the opportunity to participate in the growth and development of the
Company. The number of common shares reserved for issuance under the stock option plan is 33,523,003 (December 31,
2011 – 31,267,684).
(#) ($) (#) ($)
Balance, beginning of the year 312,676,841 376,158,427 300,408,146 344,275,207
Private placements 10,715,000 15,001,000 7,957,700 21,883,675
Options exercised 250,000 510,514 4,275,995 9,877,595
Non monetary issues 11,588,188 13,024,450 35,000 121,950
Balance, end of the year 335,230,029 404,694,391 312,676,841 376,158,427
http://www.otcmarkets.com/financialReportView...;id=101919
SAN GOLD CORPORATION
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEARS ENDED DECEMBER 31, 2012 and 2011
PAGE 16 OF 26
13. Share capital
Authorized: Unlimited number of common shares
Issued and fully paid, no par value: 335,230,029 common shares (December 31, 2011 – 312,676,841)
The Company’s board of directors and shareholders have approved a stock option plan, the purpose of which is to provide
employees, consultants, and directors of the Company with the opportunity to participate in the growth and development of the
Company.
