Description of Offering and Securities Sample Clauses

Description of Offering and Securities. 2.1 The Issuer is offering (the “Offering”) common shares (the “Shares”) at a price of CAD$0.70 per Share. Offering is not subject to any minimum or maximum aggregate offering and there can be no guarantees that the IssuTheer will raise sufficient funds to meet its objectives. The Issuer may at any time, in its sole discretion, increase or decrease the size of the Offering.
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Description of Offering and Securities. 2.1 The Issuer is offering (the "Offering") up to 8,333,334 Units at a price of CDN$0.12 per Unit, each comprised of a common share and one-half of one Warrant, for aggregate gross proceeds of CAD$1,000,000. Subject to the approval from the Exchange, the Issuer may, in its discretion, increase the size of the Offering.
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Description of Offering and Securities. The Underwriting Group proposes to purchase from the Company a total of 1,200,000 Units ("Firm Units"), each Unit consisting of one share of Common Stock of the Company ("Share") and one Class A Common Stock Purchase Warrant. The Class A Common Stock Purchase Warrants will be referred to as "Class A Warrants" in this Agreement and in the Agreement Among Underwriters. The Representative, either on its own behalf or on behalf of the members of the Underwriting Group, will have an overallotment option to purchase up to an additional 180,000 Units ("Overallotment Units"), consisting of up to 180,000 Shares ("Overallotment Shares") and up to 180,000 Class A Warrants ("Overallotment Class A Warrants") to cover overallotments. Such Overallotment Units, Shares, and Overallotment Class A Warrants are collectively referred to herein as the "Overallotment Securities." Except as otherwise stated herein, the Firm Units and the Overallotment Securities are collectively referred to herein as the "Securities." The Company agrees to sell to the Underwriting Group all of the Firm Units, and the Company agrees to sell to the Representative all of the Overallotment Securities except for the Overallotment Shares which are sold to the Representative by Selling Shareholders. The Selling Shareholders have the right to sell to the
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Description of Offering and Securities. 2.1 The Issuer is offering, on a brokered “best efforts” private placement basis (the “Offering”), up to 16,000,000 Subscription Receipts at a price of $0.25 per Subscription Receipt to raise aggregate gross proceeds of up to $4,000,000 pursuant to the Agency Agreement. The Agent shall have an over-allotment option to increase the size of the Offering by up to an additional 2,400,000 Subscription Receipts for gross proceeds of up to an additional $600,000. Each Subscription Receipt will entitle the holder thereof to receive, without payment of additional consideration or further action on the part of the holder thereof, one Underlying Share upon the satisfaction or waiver (to the extent such waiver is permitted) of the Conversion Condition at or before the Outside Date (as defined herein).
Sample 1
Description of Offering and Securities. 2.1 The Issuer is offering (the “Offering”) up to 20,000,000 Units at a price of $0.10 per Unit for gross proceeds of up to $2,000,000. Each Unit will consist of one Share and one-half of one Warrant. Each whole Warrant entitles the holder thereof to purchase one Warrant Share at a price of $0.18 per Warrant Share for a period of 24 months from the date the Warrants are issued. Any unexercised Warrants shall automatically expire at the end of the period of 24 months from the date the Warrants are issued.
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Description of Offering and Securities. 2.1 The Offering will be completed in two tranches. Under the first tranche, common shares of the Issuer will be offered at a price of $0.125. The first tranche Closing shall occur within 5 Business Days of the date of this Agreement.
Sample 1
Description of Offering and Securities. 2.1 Under the Offering, Units will be offered at $0.16 per Unit. Each Unit will be comprised of one common share of the Issuer and one Warrant entitling the holder to purchase one Warrant Share at an exercise price equal to $0.20 per share for a period of two years after Closing. The Issuer has the right to accelerate the expiry date of the Warrants to be thirty (30) days following written notice to the holder if during the term the common shares of the Issuer close at $0.32 per share on each trading day for a period of ten (10) consecutive trading days on the Exchange.
Sample 1
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Description of Offering and Securities. 2.1 The Issuer is offering (the "Offering") up to 18,000,000 Units at a price of $0.07
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Related to Description of Offering and Securities

  • Description of the Offering This Subscription Agreement is for units (the “Units”) comprised of a 10% Convertible Debenture (the “Debenture”) and warrants (the “Warrants”) to purchase shares of the Company’s common stock, par value $.001 per share (the “Common Stock”). This Offering (the “Offering”) is made only to accredited investors who qualify as accredited investors pursuant to the suitability standards for investors described under Regulation D of the Securities Act of 1933, as amended (the “Securities Act”) and who have no need for liquidity in their investments. The Offering is for an investment of $100,000.00. However, the Company reserves the right, in its sole discretion, to accept fractional subscriptions. Prior to this Offering there was no public market for the Debenture, the Warrants or the Common Stock, and no assurance can be given that a market will develop for the Debentures, or the, the Warrants or Common Stock, if developed, that it will be maintained so that any subscribers in this Offering may avail any benefit from the same. THE SECURITIES OFFERED HEREBY ARE SPECULATIVE AND INVOLVE A HIGH DEGREE OF RISK AND SHOULD NOT BE PURCHASED BY ANYONE WHO CANNOT AFFORD THE LOSS OF THEIR ENTIRE INVESTMENT. THE SECURITIES OFFERED HEREBY HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT, OR THE SECURITIES LAWS OF ANY STATE, OR OTHER JURISDICTION AND ARE BEING OFFERED AND SOLD IN RELIANCE ON EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT AND SUCH LAWS. THESE SECURITIES MAY NOT BE TRANSFERRED, SOLD, PLEDGED, HYPOTHECATED OR ASSIGNED EXCEPT AS PERMITTED UNDER SUCH ACT OR SUCH LAWS PURSUANT TO REGISTRATION OR EXEMPTION THEREFROM.

  • Distribution of Offering Materials The Fund has not distributed and, prior to the later to occur of (A) the Closing Time and (B) completion of the distribution of the Securities, will not distribute any offering material in connection with the offering and sale of the Securities other than the Registration Statement, each preliminary prospectus, the Prospectus, the Statutory Prospectus, the General Disclosure Package, the Rule 482 Statement, if any, or the sales materials.

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