Conversion of Subscription Receipts by Subscription Receipt Agent Sample Clauses

Conversion of Subscription Receipts by Subscription Receipt Agent. (a) Conversion by Subscription Receipt Agent: Follownig receipt of the Release Notice by the Subscription Receipt Agent, all Subscription Receipts will be automatically converted by the Subscription Receipt Agent at the Release Time for and on behalf of the holder thereof and the holder thereof shall, without payment of any additional consideration and without any action on the part of the holder thereof (including the surrender of any Subscription Receipt Certificate or deemed surrender of any Uncertificated Subscription Receipts), be deemed to have subscribed for the corresponding number of Common Shares issuable upon the conversion of such Subscription Receipts.
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Conversion of Subscription Receipts by Subscription Receipt Agent. Immediately, and upon receipt of the applicable Escrow Release Notice set out in Section 4.1(2) hereof by the Subscription Receipt Agent, those Subscription Receipts issued pursuant to the Brokered Offering or the Non-Brokered Offering, as applicable, will be automatically converted by the Subscription Receipt Agent on the applicable Release Date for and on behalf of the holder thereof and the holder thereof shall, without any further action on the part of the applicable Subscription Receiptholder (including the surrender of any Subscription Receipt Certificate or deemed surrender of any Uncertificated Subscription Receipts), be deemed to have subscribed for the corresponding number of Underlying Shares and Warrants issuable upon the conversion of such Subscription Receipts.
Conversion of Subscription Receipts by Subscription Receipt Agent 
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