Aurora Shares definition
Examples of Aurora Shares in a sentence
Investors should not subscribe for any New Aurora Shares referred to in this document except on the basis of information provided in the Aurora Prospectus.
In addition, Purchaser agrees that for so long as it owns any portion of the Stock, it will not enter into any Short Sale of the Common Stock executed at a time when Purchaser has no equivalent offsetting long position in the Common Stock.
There are no outstanding bonds, debentures or other evidences of indebtedness of the Offeror or any of its subsidiaries having the right to vote with the holders of the outstanding the Aurora Shares on any matters.
The authorized and issued capital of the Offeror consists of an unlimited number of common voting shares without par value (also called Aurora Shares), unlimited number of Class “A” Shares with a par value of $1.00 each; and unlimited number of Class “B” Shares with a par value of $5.00 each, of which 488,284,116 Aurora Shares have been validly issued and are outstanding as fully paid and non-assessable shares as of January 23, 2018 and have not been issued in violation of any pre-emptive rights.
Assuming an all share election a CanniMed Shareholder will receive 3.4 Aurora Shares.
The reason for and benefits of the Acquisition, the Shares Subscription, the Megaworld Shares Subscription, the Aurora Shares Subscription and the CB Subscription are disclosed in the 1029 Announcement.
As of January 23, 2018, an aggregate of up to 36,021,753 Aurora Shares are issuable upon the exercise of outstanding stock options, share purchase warrants, and convertible securities.
The Aurora Shares to be delivered pursuant to the Contemplated Transactions will be duly allotted for issuance and will be validly issued and outstanding as fully paid and non-assessable securities and will not have been issued in violation of any pre-emptive rights.
Under the Improved Offer, CanniMed Shareholders will be entitled to receive Aurora Shares or cash, at their election, subject to proration of a maximum cash component of $140 million, excluding the CannMed Shares owned by the Offeror and its affiliates.
Assuming proration of the cash among all Cannimed shareholders (fully diluted), and excluding the CannMed Shares owned by the Offeror and its affiliates, the result would be $5.70 in cash and 2.9493 in Aurora Shares.