Common use of Acceptance and Rejection of Subscription by the Corporation Clause in Contracts

Acceptance and Rejection of Subscription by the Corporation. The Corporation shall forward to the Subscriber confirmation of acceptance or rejection (in whole or in part) of this Subscription Agreement promptly after the acceptance or rejection of this Subscription Agreement by the Corporation. The Subscriber acknowledges and agrees that, notwithstanding Section 3.1 above, the Corporation reserves the right, in its absolute discretion, to reject this subscription for Flow-Through Shares, in whole or in part, at any time prior to the Closing Time. If this subscription is rejected in whole, any cheques or other forms of payment delivered to the Underwriter on account of the Subscription Price will be promptly returned to the Subscriber without interest or deduction. If this subscription is accepted only in part, a cheque representing any refund of the Subscription Price for that portion of the subscription for Flow-Through Shares which is not accepted will be promptly delivered to the Subscriber without interest or deduction.

Acceptance and Rejection of Subscription by the Corporation. The Corporation shall forward to the Subscriber confirmation of acceptance or rejection (in whole or in part) of this Subscription Agreement promptly after the acceptance or rejection of this Subscription Agreement by the Corporation. The Subscriber acknowledges and agrees that, notwithstanding Section 3.1 above, the Corporation reserves the right, in its absolute discretion, to reject this subscription for Flow-Through Common Shares, in whole or in part, at any time prior to the Closing Time. If this subscription is rejected in whole, any cheques or other forms of payment delivered to the Underwriter on account of the Subscription Price will be promptly returned (without interest) to the Subscriber without interest or deduction. If this subscription is accepted only in part, a cheque representing any refund (without interest) of the Subscription Price for that portion of the subscription for Flow-Through Common Shares which is not accepted will be promptly delivered to the Subscriber without interest or deduction.

Acceptance and Rejection of Subscription by the Corporation. The Corporation shall forward to the Subscriber confirmation of acceptance or rejection (in whole or in part) of this Subscription Agreement promptly after the acceptance or rejection of this Subscription Agreement by the Corporation. The Subscriber acknowledges and agrees that, notwithstanding Section 3.1 above, that the Corporation reserves the right, in its absolute discretion, to reject this subscription for Flow-Through SharesCommon Stock, in whole or in part, at any time prior to the Closing Time. The Corporation will be deemed to have accepted this offer upon the Corporation’s execution of the acceptance form of this Subscription Agreement and the delivery (or deposit) of the Common Stock purchased hereunder (if any) in accordance with the provisions of this Subscription Agreement. If this subscription is rejected in whole, any cheques or other forms of payment delivered by the Subscriber to the Underwriter on account of Corporation representing the Subscription Price Amount pursuant to this Subscription Agreement, will be promptly returned to the Subscriber without interest or deduction. If this subscription is accepted only in part, a cheque representing any refund of the Subscription Price Amount for that portion of the subscription for Flow-Through Shares the Common Stock which is not accepted will be promptly delivered returned to the Subscriber by the Corporation without interest or deduction.