Exhibit 11.01
Canmax Inc.
Computation of Earnings per Share
Years Ended October 31,
1997 1996 1995
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Primary earnings (loss) per share:
Net income (loss) $ 87,331 $ 142,614 $(3,734,450)
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Weighted average common shares 5,827,262 4,983,011 4,706,382
Shares issued upon assumed exercise
of dilutive stock options and
warrants 1,181,590 2,448,269 -
Shares assumed repurchased (359,211) (580,132) -
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Weighted average common and common
equivalent shares 6,649,641 6,851,148 4,706,382
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Net income (loss) per common and
common equivalent share $ 0.01 $ 0.02 $ (0.79)
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Fully diluted earnings (loss)
per share:
Net income (loss) $ 87,331 $ 142,614 $(3,734,450)
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Weighted average common shares 5,827,262 4,983,011 4,706,382
Shares issued upon assumed
exercise of dilutive stock
options and warrants 1,181,590 2,448,269 -
Shares assumed repurchased (353,887) (580,132) -
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Weighted average common and
common equivalent shares 6,654,965 6,851,148 4,706,382
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Net income (loss) per common and
common equivalent share $ 0.01 $ 0.02 $ (0.79)
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