per Special Warrant Sample Clauses

per Special Warrant. Upon the issue of the Special Warrants and upon receipt of the issue price therefor, one or more Special Warrant Certificates may be executed by the Company and delivered to the Special Warrant Agent or certified by the Special Warrant Agent upon the written direction of the Company and delivered by the Special Warrant Agent to the Company or to the order of the Company pursuant to a written direction of the Company, without any further act of or formality on the part of the Company and without the Special Warrant Agent receiving any consideration therefor, or the Special Warrants may be deposited by the Special Warrant Agent directly with the Depository through the Book-Entry Only System. The Depository will issue a customer confirmation, which is to include all applicable legends, as directed by the Company, with respect to any Special Warrants deposited by the Special Warrant Agent directly with the Depository through the Book-Entry Only System.

per Special Warrant. Each Special Warrant shall entitle the holder to acquire one (1) Common Share (a "Common Share") of the Corporation and one (1) Common Share Purchase Warrant (a "Warrant") at no additional cost at any time on or after the issue of the Special Warrants, to and until 4:30 p.m. (Calgary time) (the "Expiry Time") on the earlier of (a) the date which is five (5) days after the date upon which a receipt is issued by the securities commission in each of the Provinces of Alberta and British Columbia (the "Filing Provinces") for the Prospectus qualifying the Common Shares and Warrants to be distributed on the exercise of the Special Warrants; and (b) September 23, 1997. The Warrants shall expire on August 31, 1998. Each Warrant entitles the holder to subscribe for one (1) additional Common Share of the Corporation at a subscription price of US$2.00 until the expiry thereof. After the Registration Date (defined as the day on which a receipt is issued for the final prospectus and all deficiencies cleared by the applicable securities commissions) should the closing bid for the Corporation's common shares be at a price in excess of US$3.00 per common share, or the Canadian equivalent thereof, for a period of twenty (20) consecutive trading days (as traded on The Alberta Stock Exchange or another more senior North American exchange), the Corporation has the option, on 45 days written notice to the undersigned at the address provided below, to force the exercise or cancellation of the Warrant. Any Special Warrants not exercised on or before the Expiry Time shall be deemed to have been exercised immediately prior to the Expiry Time without any further action on the part of the holder thereof.

per Special Warrant. Each Special Warrant shall entitle the holder to acquire one unit ("Unit") comprised of one common share of the Corporation ("Share") and one non-transferrable common share purchase warrant ("Warrant") at no additional cost during the period commencing on the Closing Date, as hereinafter defined, and ending at 4:30 p.m. (Calgary time) (the "Expiry Time") on the earlier of: (i) five (5) business days after the day upon receipt of a notice from the Corporation requesting the exercise of the Special Warrants; and (ii) the date two years following the Closing Date, as hereinafter defined (such earlier date being referred to as the "Expiry Date"). Any Special Warrants not exercised prior to the Expiry Time shall be deemed to be exercised, without any further action on the part of the holder, immediately prior to the Expiry Time. One Warrant, upon exercise, shall entitle the Subscriber to acquire one additional common share of the Corporation ("Warrant Share") upon the payment of $0.20 (Canadian) per Warrant Share at any time until 4:30 p.m. (Calgary time) on the first anniversary of the issuance date or upon payment of $0.25 (Canadian) per Warrant at any time until 4:30 p.m. (Calgary time) on the second anniversary of the issuance date. All Warrants shall expire on the second anniversary of the issuance date (the "Warrant Expiry Date"). After the Warrant Expiry Date, the Warrant shall be void and of no value.

per Special Warrant. Each Special Warrant is exercisable without additional payment to acquire one common share (the "Shares") and one half share purchase warrant (the "Warrants"). Each whole Warrant may be exercised within 18 months from the date of issuance to the Purchaser to acquire one common share of the Issuer (the "Warrant Shares") at a price of USD 0.75 per share.

per Special Warrant. Each Special Warrant is convertible upon exercise, without further payment, into one Common Share of the Issuer (a "Share") and one Common Share Purchase Warrant (a "Warrant"). One Warrant is exercisable to purchase a further Common Share of the Issuer for two years from the date of issuance of the Special Warrants (the "Closing"), at a price of US$2.00 during the term thereof, subject to an option of forced exercise or cancellation given to the Issuer should the closing bid for its common shares be in excess of US$3.00, or the Canadian equivalent thereof, for a period of twenty (20) consecutive trading days (as traded on The Alberta Stock Exchange or another more senior North American exchange). Such option to be exercisable by the Issuer on 45 days written notice to the Purchaser . The Special Warrants will be deemed to be exercised on that day which falls on the earlier of one year from the Closing, and the day which is ten business days from the day a receipt for a final prospectus qualifying the proposed distribution of the Shares and Warrants to holders of Special Warrants (the "Prospectus") is issued by each of the British Columbia and Alberta Securities Commissions. If such receipts are not issued by that day which falls 120 days from the day of the Closing, then each Special Warrant outstanding after that day will, on exercise entitle the holder to acquire 1.1 times the number of Common Shares and Warrants to which he would otherwise have been entitled to receive, at no additional cost. The Special Warrants are hereinafter referred to as the "Securities" of the Issuer.