Terms of the Transaction. 9 2.1 Agreement to Sell and to Purchase the Securities................ 9 2.2
Terms of the Transaction. Section 2.1
Terms of the Transaction. Introduction Pursuant to the terms of the Proposal, the Company would become an indirect, wholly-owned subsidiary of WMI, the holder indirectly of approximately 80 percent of the outstanding share capital of the Company as a result of the Merger. Holders of the approximately 20 percent outstanding share capital of the Company (including in the form of ADSs evidenced by ADRs) not currently owned by WMI and its subsidiaries would receive the Ordinary Shares Consideration or the ADRs Consideration, as the case may be. The Proposal will be implemented by means of the Scheme. Conditions to the Scheme The Proposal is conditional upon the Scheme becoming unconditional and becoming effective by not later than December 31, 1998 or such later date as the Company and Old WMI may agree and the English High Court may approve. The consummation of the Proposal is subject to the following conditions:
Terms of the Transaction. 1 1.1 Assets to be Transferred . . . . . . . . . . . . . . . . . . . . 1 1.2
Terms of the Transaction. 1 1.1 Assets to be Transferred .................................... 1 1.2
Terms of the Transaction. The Company and the Vendor agree that,
Terms of the Transaction. The terms of the Sublease Agreement was signed on the 24th January 2017.
Terms of the Transaction. Item 1004 of Regulation M-A.
Terms of the Transaction. Pursuant to the terms of the Purchase Agreement, the Company has acquired the Project, along with an existing three-percent net smelter returns royalty, in consideration for the issuance of 2,000,000 common shares and a one-time cash payment of US$100,000. All common shares issued in connection with the acquisition are subject to a statutory hold period for four-months-and-one-day following issuance. No finders’ fees or commis- sions are owing by the Company in connection with the Purchase Agreement. The ac- quisition of the Project neither constitutes a fundamental change nor a change of business for the Company, nor has it resulted in a change of control of the Company within the meaning of applicable securities laws and the policies of the Canadian Securities Ex- change.
