ALLOTMENT AND ISSUANCE OF SECURITIES. 2.1 The Company agrees to allot and issue to the Assignee 499,893 restricted shares in the capital of the Company (the “Shares”) at a deemed price of US$0.12 per Share for each US$0.12 of the claim amount, and for each such share so issued, will issue one warrant to purchase a further share of the Company at a price of US$0.20 per share for a term of two years (the “Warrants”) as full and final settlement of the US$59,987.13.
Appears in 2 contracts
Samples: Settlement Agreement (Enertopia Corp.), Settlement Agreement (Lexaria Corp.)
ALLOTMENT AND ISSUANCE OF SECURITIES. 2.1 The Company agrees to allot and issue to the Assignee 499,893 375,000 restricted shares in the capital of the Company (the “Shares”) at a deemed price of US$0.12 per Share for each US$0.12 of the claim amount, and for each such share so issued, will issue one warrant to purchase a further share of the Company at a price of US$0.20 per share for a term of two years (the “Warrants”) as full and final settlement of the US$59,987.1345,000.00.
Appears in 2 contracts
Samples: Settlement Agreement (Enertopia Corp.), Settlement Agreement (Cheetah Oil & Gas Ltd.)
