Searchlight Minerals Corp. | 2013 | FY | 3

The following table summarizes the Company’s private placement warrant activity for the years ended December 31, 2013 and 2012:
 
 
 
 
 
 
 
 
Weighted
 
 
 
 
 
 
 
 
Average
 
 
 
 
 
 
 
 
Remaining
 
 
 
 
 
Weighted
 
Contractual
 
 
Number of
 
Average
 
Life
 
 
Shares
 
Exercise Price
 
(Years)
 
 
 
 
 
 
 
 
 
 
Balance, December 31, 2011
 
13,784,549
 
$
1.80
 
0.87
 
Warrants granted
 
43,633
 
 
1.71
 
0.42
 
Warrants expired
 
-
 
 
-
 
-
 
Warrants exercised
 
-
 
 
-
 
-
 
 
 
 
 
 
 
 
 
 
Balance, December 31, 2012
 
13,828,212
 
 
1.79
 
0.87
 
Warrants granted
 
372,723
 
 
1.64
 
0.87
 
Warrants expired
 
-
 
 
-
 
-
 
Warrants exercised
 
-
 
 
-
 
-
 
 
 
 
 
 
 
 
 
 
Balance, December 31, 2013
 
14,200,935
 
$
1.74
 
0.87
 

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