ITEM 5. MARKET FOR REGISTRANT'S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES
MARKET INFORMATION
Our common stock is quoted on the OTC Bulletin Board under the symbol "DNRG". The following table shows the quarterly range of high and low bid information for our common stock over the fiscal quarters for the last two fiscal years as quoted on the OTC Bulletin Board. The bid prices represent quotations by dealers without adjustments for retail mark-ups, mark-downs or commissions, and may not represent actual transactions. Investors should not rely on historical prices of our common stock as an indication of its future price performance.
The last sale price of our common stock as reported on Yahoo! Finance on December 12, 2016 was $0.002 per share:
Quarter Ended
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High
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Low
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November 30, 2014
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$
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0.350
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$
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0.350
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February 28, 2015
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0.300
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0.300
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May 31, 2015
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0.050
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0.050
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August 31, 2015
|
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0.0810
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0.0738
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November 30, 2015
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0.060
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0.0520
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February 29, 2016
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0.0245
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0.0185
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May 31, 2016
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0.012
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0.011
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August 31, 2016
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0.002
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0.002
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TRANSFER AGENT
Our shares of common stock are certificated. Our transfer agent for our common stock is the Nevada Agency and Trust Company at 50 West Liberty Street, Suite 880, Reno, NV 89501, Tel: 775-322-0626 Fax: 775-322-5623
HOLDERS OF COMMON STOCK
As of August 31, 2016, the Company had 514,198,069 shares of its common stock outstanding following the issuance of shares.
Our shares of common stock are certificated. The Company’s transfer agent for its common stock is the Nevada Agency and Trust Company at 50 West Liberty Street, Suite 880, Reno, NV 89501, Tel: 775-322-0626 Fax: 775-322-5623
DIVIDEND POLICY
The Company has not declared or paid any cash dividends on its common stock or other securities and does not anticipate paying any cash dividends in the foreseeable future. Any future determination to pay cash dividends will be at the discretion of the Board of Directors and will be dependent upon our financial condition, results of operations, capital requirements, and such other factors as the Board of Directors deem relevant.
RECENT SALES OF UNREGISTERED SECURITIES
Authorized: 700,000,000 common shares.
On April 14, 2010, the Company adopted a stock option plan allowing the Company’s directors to grant up to 5,000,000 stock options pursuant to the terms and conditions of the stock option plan. As of August 31, 2015, no options have been granted.
On November 12, 2012, the Company issued 2,500,000 shares of its common stock in exchange for the conversion of $3,125 of debt.
On November 12, 2012, the Company issued 30,769,857 shares of its common stock at $0.00125 per share for gross proceeds of $41,587.
On November 27, 2012, the Company issued 480,000 shares of its common stock at $0.25 per share for gross proceeds of $120,000.
On November 29, 2013, the Company acquired of 41% of Pro Eco Energy in exchange for 4,000,000 of the shares of common stock of the Company. On December 2, 2013, the Company acquired an additional 8.25% of Pro Eco Energy.
On December 1, 2013, the Company issued 1,000,000 shares to an officer of the Company for accounting services rendered. The fair value of the shares is $10,000 (Note 6).
On December 1, 2013, the Company issued 1,000,000 shares to a director of the Company for consulting services rendered. The fair value of the shares is $10,000 (Note 6).
On December 1, 2013 we issued 2,250,000 shares of common stock of the Company to 2 directors and 2,000,000 shares to consultants.
On December 6, 2013 we issued 3,016,666 shares of common stock of the Company at $0.01 per share in a private placement to 26 accredited investors.
On December 15, 2013, the Company issued 4,000,000 Company shares for the acquisition of 41% of Pro Eco Energy Ltd. The fair value of the shares is $198,788 (Note 3).
On December 20, 2013, the Company issued 3,000,000 shares to settle debt of $75,000 owing to an officer of the Company and to the President and CEO of the Company. The fair value of the shares was $30,000. The gain on the settlement of the debt of $45,000 has been recorded as additional paid in capital (Note 6).
On January 22, 2014 we issued 1,285,000 shares of our common stock of the Company at $0.01 per share in a private placement to 7 accredited investors.
On February 13, 2014, the holders of a debenture convertible into common stock of the Company contributed such debenture to the Company without consideration. No interest or principal was paid or will be payable on such debenture, and such debenture was not converted into common stock of the Company.
On February 20, 2014, the Company acquired 100% of Dominovas Energy LLC in exchange for 45,000,000 of the Company's common shares. The fair value of the shares issued is $450,000 (Note 8).
On February 20, 2014, a director of the Company cancelled 4,495,734 shares of common stock owned by the President and CEO of the Company. The value of the shares sis $4,496.
On May 15, 2014, the Company issued 468,000 shares of its common stock at $0.25 per share for gross proceeds of $117,000.
On August 31, 2014, the Company issued 60,000 shares of its common stock at $0.25 per share for gross proceeds of $15,000.
On October 17, 2014, the Company issued 20,000 shares of its common stock at $0.25 per share for gross proceeds of $5,000.
On December 10, 2014, the Company issued 72,000 shares of its common stock at $0.25 per share for gross proceeds of $18,000.
On April 7, 2015, the Company issued 34,000 shares of its common stock at $0.25 per share for gross proceeds of $8,500.
On April 7, 2015, the Company issued 6,667 shares of its common stock at $0.30 per share for gross proceeds of $3,000.
On April 7, 2015, the Company issued 8,572 shares of its common stock at $0.35 per share for gross proceeds of $3,000.
On April 7, 2015, the Company issued 80,000 shares of its common stock at $0.15 per share for gross proceeds of $12,000.
On April 30, 2015, the Company issued 2,000,000 shares of its common stock at $0.005 per share to extinguish convertible debt for $10,000.
On June 4, 2015, the Company issued 2,343,750 shares of its common stock at $0.011 per share for gross proceeds of $26,157.
On June 5, the Company issued 4,544,674 shares of its common stock at $0.003 per share to extinguish convertible debt for $11,549.
On June 11, 2015 the Company issued 4,659,517 shares of its common stock at $0.002 per share to extinguish convertible debt for $8,154.
On June 12, 2015 the Company issued 3,000,000 shares of its common stock at $0.002 per share to extinguish convertible debt for $6,750.
On June 19, 2015 the Company issued 3,003,965 shares of its common stock at $0.002 per share to extinguish convertible debt for $5,257.
On June 26, 2015 the Company issued 5,503,988 shares of its common stock at $0.002 per share to extinguish convertible debt for $9,632.
On June 29, 2015 the Company issued 5,503,977 shares of its common stock at $0.002 per share to extinguish convertible debt for $9,632.
On June 30, 2015 the Company issued 3,277,749 shares of its common stock at $0.002 per share to extinguish convertible debt for $5,736.
On July 9, 2015, the Company issued 100,000 shares of its common stock to the legal representation of the Company for legal services rendered. The fair value of the shares is $6,000.
On July 9, 2015 the Company issued 6,104,716 shares of its common stock at $0.002 per share to extinguish convertible debt for $11,904.
On July 10, 2015, the Company issued 500,000 shares of its common stock of the Company for consulting services rendered. The fair value of shares is $30,000.
On August 11, 2015 the Company issued 6,104,716 shares of its common stock at $0.003 per share to extinguish convertible debt for $15,872.
On August 17, 2015 the Company issued 611,177 shares of its common stock at $0.020 per share to extinguish convertible debt for $12,224.
On August 17, 2015 the Company issued 18,100,000 shares of its common stock to the Chief Executive Officer of the Company for management services. The fair value of the shares is $1,629,000.
On August 17, 2015 the Company issued 8,500,000 shares of its common stock to the Chief Executive Officer of the Company for management services. The fair value of the shares is $765,000.
On August 17, 2015 the Company issued 4,500,000 shares of its common stock to the Chief Executive Officer of the Company for management services. The fair value of the shares is $405,000.
On September 21, 2015 the Company issued 190,767 shares of its common stock at $0.078 per share to extinguish convertible debt for $5,723.
On October 7, 2015 the Company issued 341,690 shares of its common stock at $0.065 per share to extinguish convertible debt for $9,396.
On October 27, 2015 the Company issued 73,220 shares of its common stock at $0.125 per share to extinguish convertible debt for $1,355.
On October 29, 2015 the Company issued 1,602,068 shares of its common stock at $0.079 per share to extinguish convertible debt for $31,000.
On November 10, 2015 the Company issued 1,602,068 shares of its common stock at $0.055 per share to extinguish convertible debt for $31,000.
On November 13, 2015 the Company issued 609,004 shares of its common stock at $0.056 per share to extinguish convertible debt for $11,267.
On December 1, 2015 the Company issued 591,212 shares of its common stock at $0.057 per share to extinguish convertible debt for $13,302.
On December 14, 2015 the Company issued 647,574 shares of its common stock at $0.052 per share to extinguish convertible debt for $13,340.
On December 17, 2015 the Company issued 169,183 shares of its common stock at $0.045 per share to extinguish convertible debt for $3,863.
On December 21, 2015 the Company issued 1,389,887 shares of its common stock at $0.046 per share to extinguish convertible debt for $29,000.
On December 30, 2015 the Company issued 1,591,509 shares of its common stock at $0.046 per share to extinguish convertible debt for $32,785.
On January 6, 2016 the Company issued 980,000 shares of its common stock at $0.041 per share to extinguish convertible debt for $25,482.
On January 13, 2016 the Company issued 800,000 shares of its common stock at $0.033 per share to extinguish convertible debt for $14,692.
On January 19, 2016 the Company issued 800,000 shares of its common stock at $0.028 per share to extinguish convertible debt for $7,933.
On January 21, 2016 the Company issued 1,000,000 shares of its common stock at $0.025 per share to extinguish convertible debt for $9,917.
On January 27, 2016 the Company issued 1,000,000 shares of its common stock at $0.021 per share to extinguish convertible debt for $9,100.
On January 27, 2016 the Company issued 1,200,000 shares of its common stock at $0.021 per share to extinguish convertible debt for $14,196.
On February 2, 2016 the Company issued 1,000,000 shares of its common stock at $0.020 per share to extinguish convertible debt for $8,850.
On February 8, 2016 the Company issued 1,500,000 shares of its common stock at $0.027 per share to extinguish convertible debt for $11,895.
On February 8, 2016 the Company issued 1,225,845 shares of its common stock at $0.027 per share to extinguish convertible debt for $13,041.
On February 11, 2016 the Company issued 1,800,000 shares of its common stock at $0.022 per share to extinguish convertible debt for $14,274.
On February 16, 2016 the Company issued 1,794,291 shares of its common stock at $0.025 per share to extinguish convertible debt for $14,677.
On February 24, 2016 the Company issued 1,900,000 shares of its common stock at $0.024 per share to extinguish convertible debt for $15,542.
On March 7, 2016, the Company issued 1,950,000 shares of its common stock at $0.020 per shares to extinguish convertible debt of $15,542.
On March 15, 2016, the Company issued 1,600,000 shares of its common stock at $0.018 per shares to extinguish convertible debt of $13,926.
On March 15, 2016, the Company issued 3,000,000 shares of its common stock for consultancy and advisory services provided of $3,000.
On March 15, 2016, the Company issued 2,000,000 shares of its common stock for consultancy and advisory services provided of $2,000.
On March 22, 2016, the Company issued 1,600,000 shares of its common stock at $0.018 per shares to extinguish convertible debt of $14,480.
On March 31, 2016, the Company issued 1,671,588 shares of its common stock at $0.017 per shares to extinguish convertible debt of $13,005.
On April 13, 2016, the Company issued 2,488,849 shares of its common stock at $0.023 per shares to extinguish convertible debt of $19,164.
On April 15, 2016, the Company issued 3,439,972 shares of its common stock at $0.018 per shares to extinguish convertible debt of $30,000.
On April 22, 2016, the Company issued 4,586,630 shares of its common stock at $0.017 per shares to extinguish convertible debt of $40,000.
On April 25, 2016, the Company issued 2,000,000 shares of its common stock at $0.018 per shares to extinguish convertible debt of $15,400.
On April 29, 2016, the Company issued 2,000,000 shares of its common stock at $0.013 per shares to extinguish convertible debt of $14,167.
On April 29, 2016, the Company issued 4,048,583 shares of its common stock at $0.013 per shares to extinguish convertible debt of $30,000.
On May 4, 2016, the Company issued 4,048,583 shares of its common stock at $0.016 per shares to extinguish convertible debt of $30,000.
On May 5, 2016, the Company issued 4,105,182 shares of its common stock at $0.015 per shares to extinguish convertible debt of $28,079.
On May 6, 2016, the Company issued 2,100,000 shares of its common stock at $0.013 per shares to extinguish convertible debt of $13,055.
On May 11, 2016, the Company issued 2,000,000, shares of its common stock at $0.013 per shares to extinguish convertible debt of $12,000.
On May 25, 2016, the Company issued 1,000,000, shares of its common stock at $0.013 per shares to extinguish convertible debt of $5,092.
On May 26, 2016, the Company issued 750,000 shares of its common stock at $0.011 per shares to extinguish convertible debt of $3,800.
On June 2, 2016, the Company issued 1,500,000 shares of its common stock at $0.011 per shares to extinguish convertible debt of $7,650.
On June 7, 2016, the Company issued 3,000,000 shares of its common stock at $0.009 per shares to extinguish convertible debt of $14,400.
On June 14, 2016, the Company issued 2,273,893 shares of its common stock at $0.008 per shares to extinguish convertible debt of $9,437.
On June 16, 2016, the Company issued 3,045,071 shares of its common stock for proceeds of $17,296 pursuant to the equity investment agreement.
On June 21, 2016, the Company issued 2,173,897 shares of its common stock at $0.007 per shares to extinguish convertible debt of $7,609.
On June 24, 2016, the Company issued 3,000,000 shares of its common stock at $0.007 per shares to extinguish convertible debt of $7,000.
On June 29, 2016, the Company issued 4,799,955 shares of its common stock for proceeds of $25,290 pursuant to the equity investment agreement.
On June 29, 2016, the Company issued 3,000,000 shares of its common stock at $0.007 per shares to extinguish convertible debt of $9,650.
On July 7, 2016, the Company issued 3,500,000 shares of its common stock at $0.009 per shares to extinguish convertible debt of $10,617.
On July 8, 2016, the Company issued 8,196,721 shares of its common stock for proceeds of $40,000 pursuant to the equity investment agreement.
On July 20, 2016, the Company issued 4,945,599 shares of its common stock for proceeds of $20,000 pursuant to the equity investment agreement.
On July 22, 2016, the Company issued 8,203,445 shares of its common stock at $0.005 per shares to extinguish convertible debt of $20,000.
On July 12, 2016, the Company issued 4,000,000 shares of its common stock at $0.006 per shares to extinguish convertible debt of $9,720.
On July 28, 2016, the Company issued 4,500,000 shares of its common stock at $0.005 per shares to extinguish convertible debt of $7,871.
On July 28, 2016, the Company issued 4,981,320 shares of its common stock at $0.005 per shares to extinguish a promissory note of $10,685.
On July 29, 2016, the Company issued 5,500,000 shares of its common stock at $0.003 per shares to extinguish convertible debt of $9,625.
On July 29, 2016, the Company issued 12,578,616 shares of its common stock at $0.003 per shares to extinguish convertible debt of $20,000.
On July 29, 2016, the Company issued 7,000,000 shares of its common stock at $0.002 per shares to extinguish convertible debt of $12,250.
On August 1, 2016, the Company issued 10,905,125 shares of its common stock at $0.004 per shares to extinguish convertible debt of $20,000.
On August 3, 2016, the Company issued 15,078,211 shares of its common stock at $0.003 per shares to extinguish convertible debt of $45,235.
On August 3, 2016, the Company issued 14,378,705 shares of its common stock at $0.003 per shares to extinguish convertible debt of $22,575.
On August 10, 2016, the Company issued 8,932,088 shares of its common stock at $0.002 per shares to extinguish convertible debt of $10,093.
On August 11, 2016, the Company issued 17,636,684 shares of its common stock at $0.002 per shares to extinguish convertible debt of $20,000.
On August 18, 2016, the Company issued 8,490,772 shares of its common stock at $0.002 per shares to extinguish convertible debt of $7,472.
On August 19, 2016, the Company issued 27,262,814 shares of its common stock at $0.002 per shares to extinguish convertible debt of $25,000.
On August 24, 2016, the Company issued 14,378,705 shares of its common stock at $0.003 per shares to extinguish convertible debt of $12,653.
On August 24, 2016, the Company issued 21,810,251 shares of its common stock at $0.003 per shares to extinguish convertible debt of $20,000.
On August 25, 2016, the Company issued 14,012,654 shares of its common stock for proceeds of $18,203 pursuant to the equity investment agreement.
On August 26, 2016, the Company issued 13,000,000 shares of its common stock at $0.002 per shares to extinguish convertible debt of $11,440.
On August 29, 2016, the Company issued 24,809,160 shares of its common stock at $0.002 per shares to extinguish convertible debt of $22,750.
On September 1, 2016, the Company issued 14,378,705 shares of its common stock at $0.001 per shares to extinguish convertible debt of $12,653.
On September 12, 2016, the Company issued 14,378,705 shares of its common stock at $0.001 per shares to extinguish convertible debt of $11,934.
On September 20, 2016, the Company issued 14,378,705 shares of its common stock at $0.001 per shares to extinguish convertible debt of $12,509.
On September 22, 2016, the Company issued 14,378,700 shares of its common stock at $0.001 per shares to extinguish convertible debt of $12,509.
On September 28, 2016, the Company issued 10,000,000 shares of its common stock at $0.001 per shares to extinguish convertible debt of $8,700.
On September 29, 2016, the Company issued 10,000,000 shares of its common stock at $0.001 per shares to extinguish convertible debt of $8,100.
On September 30, 2016, the Company issued 10,500,000 shares of its common stock at $0.001 per shares to extinguish convertible debt of $8,505.
On October 10, 2016, the Company issued 14,992,016 shares of its common stock at $0.001 per shares to extinguish convertible debt of $8,995.
On October 13, 2016, the Company issued 12,348,300 shares of its common stock at $0.001 per shares to extinguish convertible debt of $7,409.
On October 24, 2016, the Company issued 10,000,000 shares of its common stock at $0.001 per shares to extinguish convertible debt of $5,800.
On October 26, 2016, the Company issued 10,500,000 shares of its common stock at $0.001 per shares to extinguish convertible debt of $6,090.
On October 27, 2016, the Company issued 20,000,000 shares of its common stock at $0.001 per shares to extinguish convertible debt of $11,600.
On November 2, 2016, the Company issued 21,383,488 shares of its common stock at $0.001 per shares to extinguish convertible debt of $13,215.
On December 6, 2016, the Company issued 15,000,000 shares of its common stock at $0.001 per shares to extinguish convertible debt of $10,335.
During the period from January 1, 2010 to August 31, 2016 there were no other issuances of common stock.
SECURITIES AUTHORIZED FOR ISSUANCE UNDER EQUITY COMPENSATION PLANS
On April 14, 2010, the Company adopted a stock option plan allowing the Company's directors to grant options to purchase up to 5,000,000 shares of the Company's common stock pursuant to the terms and conditions of the stock option plan. As of November 30, 2014, no such options have been granted.
REPURCHASE OF EQUITY SECURITIES BY THE ISSUER AND AFFILIATED PURCHASERS
On February 13, 2014, the holders of a debenture convertible into common stock of the Company contributed such debenture to the Company without consideration. No interest or principal was paid or will be payable on such debenture, and such debenture was not converted into common stock of the Company. Dallas Gray did not receive any consideration for the cancellation of his shares.
On February 24, 2014 Dallas Gray returned 4,495,734 shares of common stock of the Company for cancellation.
LEGAL PROCEEDINGS
None
CERTAIN RELATIONSHIPS AND RELATED PARTY TRANSACTIONS
During the year ended August 31, 2016, the Company incurred wages of $221,250 (2015 - $177,000), $130,000 (2015 - $112,000), $Nil (2015 - $63,938), $112,000 (2015 - $104,000), $46,875 (2015 - $Nil) and $4,250 (2015 - $Nil) to the President, Chief Executive Officer and Director, Chief Operating Officer, the Executive Vice President of Business Operations, the Executive Vice President of Fuel Cell Operations, The former Senior Vice President of Finance and Investments and Managing Director of Francophone Countries, respectively. As of August 31, 2016, unpaid wages of $720,037 (2015 - $577,576) was owing to the related parties and is included in accounts payable.
As of August 31, 2016, the Company owed notes payable of $75,000 (2015 - $75,000) to a former director of the Company. The notes are non-interest bearing, unsecured and due on demand.
During the year ended August 31, 2015, the Company issued 18,100,000 shares of the company’s common stock to the President, Chief Executive Officer and director for management fees rendered with a fair value of $1,629,000.
During the year ended August 31, 2015, the Company issued 8,500,000 shares of the company’s common stock to the Chief Operating Officer for management fees rendered with a fair value of $765,000.
During the year ended August 31, 2015, the Company issued 4,500,000 shares of the company’s common stock to the President, Chief Executive Officer and director for management fees rendered with a fair value of $405,000.
CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE
None.
PURCHASES OF EQUITY SECURITIES BY THE ISSUER AND AFFILIATED PURCHASERS
The following table is a summary of purchases made by or on behalf of our Company or any "affiliated purchaser," of shares or other units of any class of our equity securities that is registered by the issuer pursuant to section 12 of the Exchange Act.
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Maximum Number
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(or Approximate
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Dollar Value) of
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Total Number of
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Shares (or Units)
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Shares (or Units)
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that May Yet Be
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Total Number of
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Purchased as Part of
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Purchased Under
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Shares (or Units)
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Average Price Paid
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Publicly Announced
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the Plans or
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Period
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Purchased
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per Share (or Unit)
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Plans or Programs
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Programs
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08/31/2016
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60,000
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$ .25
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Nil
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Nil
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