Common use of Flow-Through Shares Clause in Contracts

Flow-Through Shares. to the extent that such Equity Financing involves the issuance of common shares in the Company that will be issued as “flow-through shares” (as defined in subsection 66(15) of the Income Tax Act (Canada)), at a price per share that reflects a premium associated with a flow-through designation, and the Investor elects to participate in such offering, the Company agrees to negotiate in good faith the price at which such flow-through shares will be issued to the Investor, taking into consideration that any benefits received by a purchaser of flow-through shares will not be received by the Investor;

Appears in 5 contracts

Samples: Subscription Agreement (Norzinc Ltd.), Investor Agreement (Norzinc Ltd.), Investor Agreement (Canadian Zinc Corp)

AutoNDA by SimpleDocs

Flow-Through Shares. to the extent that such Equity Financing involves the issuance of common shares in the Company that will be issued as “flow-through shares” (as defined in subsection 66(15) of the Income Tax Act (Canada)), at a price per share that reflects a premium associated with a flow-through designation, and the Investor elects to participate in such offering, the Company agrees to negotiate in good faith the price at which such flow-through shares will be issued to the Investor, taking into consideration that any benefits received by a purchaser of flow-through shares will not be received by the Investor;; REDACTED

Appears in 1 contract

Samples: Investor Agreement (Canadian Zinc Corp)

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!