Stock Purchase Warrants

9 Months Ended

Jul. 31, 2011

Note 6. Stock Purchase Warrants

	Number of Warrants Granted			Exercise Prices
				$
Outstanding at October 31, 2009 and average exercise price		5,661,604			0.43
Granted in 2010		-			-
Expired in year 2010		(2,296,604	)		(0.50	)
Outstanding at October 31, 2010 and average exercise price		3,365,000			0.39
Granted in 2011		-			-
Expired in 2011		(1,665,000)			(0.25	)
Outstanding at July 31, 2011 and average exercise price		1,700,000			0.53

The warrants do not confer upon the holders any rights or interest as a shareholder of the Company.

Year ended October 31, 2010

The Company did not issue any warrants during the year ended October 31, 2010

Nine months ended July 31, 2011

The Company did not issue any warrants during the nine month period ended July 31, 2011

- Definition

Tabular disclosure of warrants or rights issued. Warrants and rights outstanding are derivative securities that give the holder the right to purchase securities (usually equity) from the issuer at a specific price within a certain time frame. Warrants are often included in a new debt issue to entice investors by a higher return potential. The main difference between warrants and call options is that warrants are issued and guaranteed by the company, whereas options are exchange instruments and are not issued by the company. Also, the lifetime of a warrant is often measured in years, while the lifetime of a typical option is measured in months. Disclose the title of issue of securities called for by warrants and rights outstanding, the aggregate amount of securities called for by warrants and rights outstanding, the date from which the warrants or rights are exercisable, and the price at which the warrant or right is exercisable.

+ References+ Details

Pacific Copper Corp. 10-Q/A