13D Filing: Sentient Global Resources Fund IV Files Update on Golden Minerals Co (AUMN)

CUSIP No. 381119106

Page 11 of 15

Summary of Ownership

The following table shows the number of shares of the Issuers Common Stock owned prior to and after the Partial Note Conversion as well as the purchase price paid by Fund IV and the percentage ownership of Fund III, Parallel I, and Fund IV.

	Number of Shares owned prior to February 11, 2016	Number of Shares Acquired upon partial conversion of  Note and accrued interest as of February 11, 2016	Number of Warrants previously owned and acquired as a result of anti-dilution as of February 11, 2016	Number of Shares issuable upon conversion of remaining principal balance of Note as of February 11, 2016	Price (in US $) of Shares pursuant to partial conversion of note and accrued interest as of February 11, 2016	Total ownership as a % of fully diluted shares as of February 11, 2016

Fund III

3,582,746

0

0

0

$               0

4.67%***

Parallel I

357,044

0

0

0

$               0

  .47%***

Fund IV

10,283,944

23,355,000*

4,029,872**

3,881,324*

$ 4,007,188

    49.11%***

Total

14,223,734

23,355,000

4,029,872

3,881,324

$ 4,007,188

*

This represents the conversion of $3,874,416 in principal and $132,772 of interest leaving an unpaid principal balance of the Note of $1,125,584. The conversion price of the remainder of the Note will be the lower of (i) $.29 per share (90% of the 15 day VWAP based on date of issuance), (ii) 90% of the 15 day VWAP prior to conversion date or (iii) the Anti-dilution Price which is the lowest price per share for which the Company has issued or sold, following the Original Issue Date, any shares of Common Stock or Common Stock Equivalent (except (a) pursuant to warrants, options and securities convertible into Common Stock issued by the Company and outstanding on the Original Issue Date . . .). in the event the price determined under subparagraphs (ii) or (iii) is less than $0.29 per share.

**

Includes (i) September 2012 Warrants exercisable to purchase an aggregate of 1,129,872 shares at an exercise price of $5.09 per share and (ii) September 2014 Warrants exercisable to purchase an aggregate of 2.9 million shares at an exercise price of $0.91 per share, after giving effect to all anti-dilution adjustments.

***

The percentages shown for Fund III and Parallel I do not include shares issuable upon exercise of the 2012 Warrants, the 2014 Warrants or any shares issuable upon conversion of any remaining amounts due under the Note, while the percentage shown for Fund IV includes these shares in the calculation.

The percentage of outstanding shares is based upon the Issuer having a total of 76,690,333 shares of Common Stock issued and outstanding after giving effect to the Partial Note Conversion.

The Reporting Persons reserve the right to acquire beneficial ownership or control over additional securities of the Issuer.

 (b) Any extraordinary corporate transaction, such as a merger, reorganization or liquidation, involving the Issuer or any of its subsidiaries.

None.

(c) A sale or transfer of a material amount of assets of the Issuer or any of its subsidiaries.