Common use of Hold Period Clause in Contracts

Hold Period. The Company is not a reporting issuer in any province or territory of Canada. As such, the Shares will not be transferable under the laws of Canada, except pursuant to applicable statutory exemptions, until the date that is four months and a day after the date the Company becomes a reporting issuer in any province or territory of Canada (subject to any control person distribution restrictions) in accordance with National Instrument 45-102 – Resale of Securities.

Appears in 5 contracts

Samples: Private Placement Subscription Agreement (McEwen Mining Inc.), Private Placement Subscription Agreement (McEwen Mining Inc.), Private Placement Subscription Agreement (McEwen Mining Inc.)

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Hold Period. The Company is not a reporting issuer in any province or territory of Canada. As such, the Shares will not be transferable under the laws of Canada, except pursuant to applicable statutory exemptions, until the date that is four months and a day after the date the Company becomes a reporting issuer in any province or territory of Canada (subject to any control person distribution restrictions) in accordance with National Instrument 45-102 – Resale of Securities. Conditions to be met on Closing: The Offering shall be conditional upon each purchaser of Shares entering into a shareholder agreement in a form to be determined.

Appears in 1 contract

Samples: Private Placement Subscription Agreement (McEwen Mining Inc.)

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