CANMAX INC.
EXHIBIT 11
Computation of Net Income Per Share
The following table sets forth the computation of basic and diluted earnings
per share as calculated in accordance with FASB 128.
FOR THE THREE MONTHS ENDED FOR THE NINE MONTHS ENDED
JULY 31, JULY 31,
1998 1997 1998 1997
------ ------ ------ ------
Numerator:
Numerator for basic and
diluted earnings per share -
Net income (loss) $(304,784) $(1,470,694) $(1,286,239) $ (811,428)
Denominator:
Denominator for basic earnings
per share - weighted average shares 6,611,005 6,611,005 6,611,005 5,563,143
Effect of dilutive securities:
Stock options and warrants - - - -
- - - -
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Dilutive potential common shares - - - -
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Denominator for diluted earnings
per share - adjusted weighted average
shares and assumed conversions 6,611,005 6,611,005 6,611,005 5,563,143
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Basic earnings (loss) per share $ (0.05) $ (0.22) $ (0.19) $ (0.15)
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Diluted earnings (loss) per share $ (0.05) $ (0.22) $ (0.19) $ (0.15)
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17