Examples of Arco Common Shares in a sentence
Based on a market price of $0.35 per Arco Common Share (adjusted from $0.055 to reflect the Consolidation) on the TSXV on October 9, 2017, being the last trading day prior to the halting of trading in the Arco Common Shares in connection with the announcement of the Transaction.
Prior to listing on the CSE, the Issuer Shares were listed and posted for trading (as Arco Common Shares) on the TSXV under the symbol “ARR.H”.
Immediately prior to the RTO Amalgamation, Arco had 13,107,323 Arco Common Shares issued and outstanding (after giving effect to the Arco Debt Settlement), and following the Consolidation, it had 2,000,000 Arco Common Shares issued and outstanding.
There were 2,000,000 Arco Common Shares and nil Arco Class A Shares issued and outstanding (on a post-Consolidation basis) immediately prior to the completion of the RTO Amalgamation.
Market price for this purpose is $0.06, being the closing price of the Arco Common Shares on the TSXV on April 30, 2017.
Based on 9,387,323 Arco Common Shares issued and outstanding prior to the Arco Debt Settlement and the Consolidation, on an undiluted basis.
Prior Sales The following table summarizes the issuances of Arco Common Shares or securities convertible into Arco Common Shares for the 12 months prior to the date of this Listing Statement.
Principal Shareholders No person beneficially owned, directly or indirectly, or exercises control or direction over 10% or more of the outstanding Arco Common Shares immediately prior to the RTO Amalgamation.
The Arco Common Shares carry no pre-emptive rights, conversion or exchange rights, or redemption, retraction, repurchase, sinking fund or purchase fund provisions.
Arco Class A Shares have the same rights as Arco Common Shares, except that holders of Arco Class A Shares will not be entitled to vote for the election of directors of Arco and Arco Class A Shares may be converted to Arco Common Shares on a 1:1 basis, without payment of additional consideration, at the option of the holder or the Issuer, if such conversion would not cause Arco to become a Domestic Issuer (as defined in Rule 902(e) of Regulation S of the U.S. Securities Act.