Warrants Outstanding. Pursuant to the Plan, the Company has outstanding 8,423,290 of Series A Warrants and 8,423,290 Series B Warrants, each of which entitle the holder thereof to purchase one share of the Company’s common stock at $2.00 per share and which expire on August 31, 2008; 8,423,290 of Series C Warrants and 8,423,290 Series D Warrants each of which entitle the holder thereof to purchase one share of the Company’s common stock at $3.00 per share and which expire on August 31, 2008; and 8,423,290 Series E Warrants and 8,423,290 Series F Warrants each of which entitle the holder thereof to purchase one share of the Company’s common stock at $4.00 per share and which expire on August 31, 2008.
Warrants Outstanding. At and after the Effective Time, each of the -------------------- outstanding and unexercised warrants to purchase 150,000 Shares in the aggregate issued in connection with the Company's initial public offering (the "Warrants") shall continue to be outstanding and, upon payment of the exercise price then in effect, the holder of such Warrant shall be entitled to receive upon exercise of such Warrant the amount of cash (without interest) which the holder of such Warrant would have been entitled to receive upon exercise had such Warrants been exercised immediately prior to the Effective Time.
Warrants Outstanding. The Corporation has the following compensation warrants outstanding: • 618,550 compensation warrants exercisable for Common Shares at an exercise price of $0.06 per Common Share with expiry dates between December 20, 2021 and March 13, 2022. • 2,661,762 compensation warrants exercisable for units at an exercise price of $0.255 per unit with an expiry date of July 28, 2024. Each unit is comprised of one Common Share and one warrant, with each warrant exercisable at a price of $0.38 per Common Share until July 28, 2024, subject to an accelerated expiry. The Corporation has the following warrants outstanding: • 2,908,334 warrants exercisable for Common Shares at an exercise price of $0.06 per Common Share with an expiry date of May 27, 2023. • 7,133,060 warrants exercisable for Common Shares at an exercise price of $0.26 per Common Share with expiry dates between June 16, 2024 and July 16, 2024. • 1,625,073 warrants exercisable for Common Shares at an exercise price of $0.26 per Common with expiry dates of June 8, 2024 and June 16, 2024. • 38,334,100 warrants exercisable for Common Shares at an exercise price of $0.38 per Common Share with an expiry date of July 28, 2024, subject to an accelerated expiry.
Warrants Outstanding. In connection with the IPO, we issued to the underwriters warrants to purchase an aggregate of 130,000 common shares at an exercise price of $6.25 per common share. These warrants are exercisable at any time, and from time to time, in whole or in part, commencing on February 9, 2018 and expire on February 9, 2022. The fair value of these warrants, using the Black-Scholes option pricing model, on the date of issuance was $114,926. At June 30, 2018, all these warrants were outstanding. In connection with the follow-on offering in October-November 2017, we issued to the underwriters warrants to purchase an aggregate of 187,500 common shares at an exercise price of $5.00 per share. These warrants are exercisable at any time, and from time to time, in whole or in part, commencing on October 24, 2018 and expire on October 24, 2022. The fair value of these warrants, using the Black-Scholes option pricing model, on the date of issuance was $131,728. At June 30, 2018, all these warrants were outstanding.
Warrants Outstanding. In connection with the Merger, BPZ issued warrants to purchase 1,500,000 shares of common stock at an exercise price of $2.00 per share in connection with an agreement for investor relations, public relations and other financial advisory services. Such warrants expire on July 31, 2006. Subsequent to the Merger, NFS conveyed 540,000 of such warrants to third parties. As of June 16, 2006, there were 1,225,000 of such warrants outstanding, of which 810,000 were held by NFS. In connection with the private placement on July 19, 2005, the Company issued to the placement agent warrants to purchase 100,000 shares of the Company’s common stock at an exercise price of $3.00 per share with a five-year term. Merger Earn-Out Shares Under the terms of the Merger Agreement, the Company was committed to issue an additional 18,000,000 shares to the former shareholders of BPZ on a contingent earn-out basis if the Company is able to achieve certain reserve and production goals. The first earn-out target relating to reserves was achieved in December 2004 and 9,000,000 of the earn-out shares were issued on July 1, 2005. The remaining 9,000,000 earn-out shares are contingent on the Company achieving production of 2,000 barrels of oil per day or its equivalent (approximately 12 million cubic feet of gas per day) prior to December 28, 2007. Contingent Earn-Out Shares As of December 31, 2005, the Company had an obligation to issue 485,000 shares of contingent restricted common stock, to three of its officers, which will vest only if the Company achieves the second earn-out target under the Merger Agreement. Such earn-out target requires that the Company achieve production of 2,000 barrels of oil per day or its equivalent (approximately 12 million cubic feet of gas per day) prior to December 28, 2007.
Warrants Outstanding. As of the Effective Time, TSIH has outstanding a total of 400,000 A Warrants which entitle the holder thereof to purchase one share of TSIH's common stock at $2.00 per share and which expire on June 30, 2001, 400,000 B Warrants which entitle the holder thereof to purchase one share of TSIH's common stock at $2.00 per share and which expire on June 30, 2001, 400,000 C Warrants which entitle the holder thereof to purchase one share of TSIH's common stock at $4.00 per share and which expire on June 30, 2001, 400,000 D Warrants which entitle the holder thereof to purchase one share of TSIH's common stock at $4.00 per share and which expire on June 30, 2001, 400,000 E Warrants which entitle the holder thereof to purchase one share of TSIH's common stock at $6.00 per share and which expire on June 30, 2002 and 400,000 F Warrants which entitle the holder thereof to purchase one share of TSIH's common stock at $6.00 per share and which expire on June 30, 2002.
Warrants Outstanding. In connection with the Merger, BPZ issued warrants to purchase 1,500,000 shares of common stock at an exercise price of $2.00 per share in connection with an agreement for investor relations, public relations and other financial advisory services. Such warrants expire on July 31, 2006. Subsequent to the Merger, NFS conveyed 540,000 of such warrants to third parties. As of March 31, 2007, there were 1,191,500 of such warrants outstanding, of which 810,000 were held by NFS. For their role as placement agent, in connection with the private placement of 11,466,000 shares of common stock in July 2005, Xxxxxx Xxxxxx & Company, Inc. received fully vested warrants to purchase 100,000 shares of the Company’s common stock at an exercise price of $3.00 per share. Such warrants expire on July 19, 2010. Additionally, for their financial advisory services, in connection with the private placement of 4,482,000 shares of common stock in June 2006, Xxxxxx Xxxxxx & Company, Inc., received fully vested warrants to purchase 150,000 shares of the Company’s common stock at an exercise price of $3.00 per share. Such warrants expire on June 30, 2011. Merger Earn-Out Shares Under the terms of the Merger Agreement, the Company committed to issue 18,000,000 shares to the former shareholders of BPZ-Texas on a contingent earn-out basis if the Company achieves certain reserve and production goals. The first earn-out target relating to reserves was achieved in December 2004 and 9,000,000 of the earn-out shares were issued. The remaining 9,000,000 earn-out shares are issuable once the Company is entitled to receive as its proportionate share from gross production from any oil and gas xxxxx owned or operated by the Company not less than 2,000 barrels of oil per day or its equivalent (approximately 12 million cubic feet of gas per day) prior to December 28, 2007. For accounting purposes, the earn-out arrangement is treated as a stock dividend because the earn-out is payable to the shareholders of the accounting acquirer, BPZ-Texas. Accordingly, except for a retroactive increase in the number of common shares outstanding for all periods presented, no accounting entry is required upon the issuance of the earn-out shares. Contingent Earn-Out Shares As of March 31, 2007, the Company has an obligation to issue 450,000 shares of incentive stock awards to two of the Company’s officers. The incentive stock awards vest and the earn-out shares are issuable once the Company is entitled to receive as ...
Warrants Outstanding. 10 (c) Duly Issued...................................................... 10 (d) No Pre-Emptive Rights............................................ 10 (e) Modified Capital Structure....................................... 10 Section 3.4
Warrants Outstanding. As of the date hereof, Purchaser has outstanding a total of 295,690 A Warrants which entitle the holder thereof to purchase one share of Purchaser's Class A Common Stock at $0.50 per share and which expire on June 15, 1998, 1,857,790 B Warrants which entitle the holder thereof to purchase one share of Purchaser's Class A Common Stock at $1.00 per share and which expire on June 15, 1998, 1,857,790 C Warrants which entitle the holder thereof to purchase one share of Purchaser's Class A Common Stock at $1.50 per share and which expire on June 15, 1999 and 1,561,220 D Warrants which entitle the holder thereof to purchase one share of Purchaser's Class A Common Stock at $0.50 per share and which expire on June 15, 1999.
Warrants Outstanding. VTG was formed in accordance with the Second Joint Plan of Reorganization of Visitalk.com, Inc. under the auxxxxxx xx xxe Bankruptcy Court (the "Plan") and is committed to issue under the Plan a maximum of approximately 8,900,000 of Series A Warrants and 8,900,000 Series B Warrants, each of which entitle the holder thereof to purchase one share of VTG's common stock at $2.00 per share and which expire on February 17, 2006; a maximum of approximately 8,900,000 of Series C Warrants and 8,900,000 Series D Warrants each of which entitle the holder thereof to purchase one share of VTG's common stock at $3.00 per share and which expire on February 17, 2006; and a maximum of approximately 8,900,000 Series E Warrants and 8,900,000 Series F Warrants each of which entitle the holder thereof to purchase one share of VTG's common stock at $4.00 per share and which expire on February 17, 2006. The exact number of Warrants will be determined in accordance with the Plan.
