Qualifying Transaction. The Company shall use its best efforts to enter into a Qualifying Transaction with the Person (or Persons) party to the Letter of Interest and to consummate such Qualifying Transaction on or before May 31, 2009.
Qualifying Transaction. The LCV Transaction, together with the Xxxxxx Transaction, satisfy the requirements of section 10.16(15) of the Exchange Listing Manual.
Qualifying Transaction. On December 30, 2013, the Company signed a non-binding letter of intent with Credent Capital Corp. (“Credent Capital”), a corporation existing under the laws of British Columbia, Canada, which outlines the general terms and conditions pursuant to which the Company and Credent Capital will be willing to complete a transaction that will effectively result in the acquisition by Credent Capital of the shares of the Company, and a reverse take-over of Credent Capital by the shareholders of the Company. HYDRO POWER TECHNOLOGIES INC. (Expressed in Canadian Dollars) HYDRO POWER TECHNOLOGIES INC. (Expressed in Canadian dollars) Cash $ — $ — HST Receivable 36,419 36,419 Prepaid expenses and deposits 5,547 5,547 Total Current Assets 41,965 41,965 Equipment, net of accumulated depreciation 1,332 2,004 Deferred development costs (Note 4) 1,036,418 1,036,418 TOTAL ASSETS $ 1,079,716 $ 1,080,388 Accounts payable and accrued liabilities 191,130 191,130 Shareholder Loan (Note 5) 724,387 724,387 Total Current Liabilities 915,517 915,517 Share capital (Note 6) 1,060,505 1,060,505 Share subscriptions receivable (Note 6) (10,505 ) (10,505 ) Deficit (885,801 ) (885,129 ) TOTAL EQUITY 164,199 164,871 TOTAL LIABILITIES AND EQUITY $ 1,079,716 $ 1,080,388 Going Concern (Note 1) Gxxxx Xxxxxxx - Director Mxxxxxx Xxxxxxx - Director See accompanying notes to the financial statements. HYDRO POWER TECHNOLOGIES INC. STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS (Expressed in Canadian dollars) Consulting fees (Note 7) $ — $ — Depreciation 672 672 Foreign exchange (gain) loss — — Insurance — — Office and miscellaneous — 1,167 Professional fees — 16,920 Rent — 4,463 Net Loss and Comprehensive Loss For The Year $ (672 ) $ (23,222 ) See accompanying notes to financial statements. HYDRO POWER TECHNOLOGIES INC. (Expressed in Canadian dollars) Balance at June 30, 2017 106,420,001 $ 1,060,505 $ (10,505 ) $ (861,907 ) $ 188,093 Net loss for the year — — — (23,222 ) (23,222 ) Balance at June 30, 2018 106,420,001 $ 1,060,505 $ (10,505 ) $ (885,129 ) $ 164,871 Net loss for the year — — — (672 ) (672 ) Balance at June 30, 2019 106,420,001 $ 1,060,505 $ (10,505 ) $ (885,801 ) $ 164,199 See accompanying notes to financial statements. HYDRO POWER TECHNOLOGIES INC. NOTES TO THE FINANCIAL STATEMENTS (Expressed in Canadian dollars) Yearended June 30, Net loss for the period $ (672 ) $ (23,222 ) Adjustments for non-cash items: Depreciation 672 672 Changes in non-cash working capital items: Prepaid expenses ...
Qualifying Transaction. The Transaction satisfies the requirements of section 10.16(15) of the NEO Exchange listing manual.
Qualifying Transaction. Responsibilities of CDNX
1. When reviewing a QT Circular filing, CDNX will exercise its reasonable professional judgement.
2. When reviewing a QT Circular, CDNX, on a timely basis, having regard to the procedures set out in Part II of Appendix A will use its reasonable best efforts to:
(a) apply and enforce the CPC Policy; and
(b) assess the quality of the disclosure in the QT Circular to determine whether it appears to comply in all material respects with the QT Circular Form.
3. CDNX will not accept a QT Circular where it appears to CDNX that:
(a) the QT Circular does not comply in all material respects with the QT Circular Form;
(b) there is material non-compliance with the CPC Policy and such non-compliance, if allowed, would constitute a Significant Waiver, unless a Significant Waiver has been granted in accordance with Part VI of this Agreement; or
(c) any necessary exemption or waiver from securities legislation has not been granted by the relevant securities regulatory authority(ies) or regulator(s).
4. This Agreement does not impose on CDNX a standard higher than that which would be achieved by the exercise of reasonable professional judgement. This Agreement does not impose a responsibility on CDNX to:
(a) be a substitute for the due diligence investigations of the CPC, its directors, officers, promoters or the Sponsor;
(b) ensure the viability of the Resulting Issuer;
(c) guarantee the adequacy of the disclosure in the QT Circular;
(d) guarantee there are no public interest concerns;
(e) guarantee compliance with the CPC Policy; or
(f) guarantee compliance by the CPC, Target Company or the Resulting Issuer with applicable securities legislation or securities directions.
Qualifying Transaction. The Col-Care Transaction constitutes the Qualifying Transaction of CGGC as required by, and within the meaning ascribed thereto in, the Exchange Listing Manual.
Qualifying Transaction. If Simon proposes to sell to a third party that is not an affiliate of Simon all, but not less than all, of the shares of Common Stock then owned beneficially and of record by Xxxxx, Xxxxx shall have the right, but not the obligation (the "Bring-Along Right"), to require the Sellers to sell all, but not less than all, of the shares of Common Stock acquired by them pursuant to the Merger Agreement to such third party purchaser(s) in the same manner, at the same purchase price per share, on the same closing date and on the same other terms and conditions as Simon, provided, that Simon must exercise such right as to all of the Sellers as a group.
Qualifying Transaction. Subject to the terms of this Affiliate TnC and the Cooperation Agreement, The Qualifying Transaction is a successful transaction which must be done via Transfez App. There is no minimum amount for the transaction. However, please be noted that it is subject to change.
Qualifying Transaction. Use commercially reasonable efforts to complete a Qualifying Transaction within three hundred sixty-five (365) days of the effective date of this Agreement.
Qualifying Transaction. The Business Combination will satisfy the requirements of section 10.16(15) of the Exchange Listing Manual.
