Common use of Flow-Through Shares Clause in Contracts

Flow-Through Shares. But for any agreement, arrangement, undertaking obligation or understanding to which the Company is not a party and of which it has no knowledge, upon issue, the Flow-Through Shares will be “flow-through shares” as defined in subsection 66(15) of the Tax Act and not “prescribed shares” for the purposes of section 6202.1 of the regulations to the Tax Act. Neither the Company nor any Material Subsidiaries has been a party to any other agreement for the issuance of flow-through shares for which the required expenditures have not been incurred and renounced.

Flow-Through Shares. But for any Follow-On Transaction, agreement, arrangement, undertaking obligation arrangement or understanding to which the Company is not a party and of which it has no knowledge, upon issueis unaware, the Flow-Through Shares will be “flow-through shares” as defined in subsection 66(15) of the Tax Act and will not “prescribed shares” for be Prescribed Shares. Within the purposes of section 6202.1 of the regulations five year period prior to the Tax Act. Neither date of this Agreement, neither the Company nor any Material Subsidiaries corporation associated with it (as defined in the Tax Act) has been a party to any other agreement for the issuance of flow-through shares for which the required expenditures have not been incurred and renounced.

Flow-Through Shares. But for Except as the result of any agreement, arrangement, undertaking obligation agreement or understanding arrangement to which the Company is not a party and of which it has no knowledge, upon issueissuance pursuant to the provisions of the Flow-Through Subscription Agreement, the Flow-Through Shares will be “flow-through shares” as defined in subsection 66(15) of the Tax Act and such Flow-Through Shares will not constitute “prescribed shares” for the purposes purpose of section 6202.1 of the regulations to the Tax Act. Neither the Company nor any Material Subsidiaries has been a party to any other agreement for the issuance of flow-through shares for which the required expenditures have not been incurred and renounced.