Common use of Common Shares Validly Issued Clause in Contracts

Common Shares Validly Issued. The Unit Shares, the Warrant Shares, the Compensation Shares and the Compensation Warrant Shares, at the Closing Time, shall be duly and validly authorized for issuance and sale pursuant to this Agreement and when issued and delivered by the Corporation pursuant to this Agreement, the Warrant Indenture, the Compensation Option Certificates and the Compensation Warrant Certificates, as applicable, against payment of the consideration therefor, will be validly issued as fully paid and non-assessable common shares in the capital of the Corporation and will not be issued in violation of or subject to any pre-emptive rights or contractual rights to purchase securities issued by the Corporation.

Common Shares Validly Issued. The Unit Shares, the Warrant Shares, the Compensation Option Shares and the Compensation Warrant Shares, at the each Closing Time, shall be duly and validly authorized for issuance and sale pursuant to this Agreement and when issued and delivered by the Corporation pursuant to this Agreement, the Warrant Indenture, Indenture and the Compensation Option Certificates and the Compensation Warrant Certificates, as applicable, against payment of the consideration therefor, will be validly issued as fully paid and non-assessable common shares in the capital of the Corporation Common Shares and will not be issued in violation of or subject to any pre-emptive rights or contractual rights to purchase securities issued by the Corporation.

Common Shares Validly Issued. The Unit Shares and the Over-Allotment Shares, at or prior to the Closing Time, and the Broker Warrant Shares and the Over-Allotment Warrant Shares, upon the Compensation Shares exercise of the Broker Warrants and the Compensation Warrant SharesOver-Allotment Warrants, at the Closing Timerespectively, shall be duly and validly authorized for issuance and sale pursuant to this Agreement Agreement, and when issued and delivered by the Corporation pursuant to this Agreement, the Warrant Indenture, the Compensation Option Certificates and the Compensation Warrant Certificates, as applicable, against payment of the consideration therefor, will be validly issued as fully paid and non-assessable common shares in the capital of the Corporation Common Shares and will not be issued in violation of or subject to any pre-emptive rights or contractual rights to purchase securities issued by the Corporation.

Common Shares Validly Issued. The Unit SharesShares and the Corporate Finance Shares (at or prior to the Closing Time), the Warrant SharesShares (upon the exercise of the Unit Warrants), Broker Shares (upon the Compensation exercise of the Broker Warrants) and Broker Unit Shares and (upon the Compensation Warrant Shares, at exercise of the Closing TimeBroker Unit Warrants), shall be duly and validly authorized for issuance and sale pursuant to this Agreement and when issued and delivered by the Corporation pursuant to this Agreement, the Warrant Indenture, the Compensation Option Certificates and the Compensation Warrant Certificates, as applicable, against payment of the consideration therefor, will be validly issued as fully paid and non-assessable common shares in the capital of the Corporation Common Shares and will not be issued in violation of or subject to any pre-emptive rights or contractual rights to purchase securities issued by the Corporation.