Examples of Aurora Shares in a sentence
If the Debtor fails to comply with clause 4.1(c)(ii) Pearl must at his cost take all necessary steps to ensure that the Aurora Shares are freely tradeable on a recognised stock exchange or other share trading facility.
If the Creditor sells the Repayment Shares the Creditor must return the certificate in respect of the unsold Aurora Shares to Pearl.
Pearl warrants that he is the sole legal and beneficial owner of the Aurora Shares.
Aurora Shares means 1,400,000 fully paid shares of common stock in the capital of the Debtor.
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.
Therefore, any CanniMed Shareholder of CanniMed Shares who holds CanniMed Shares that are restricted securities under the U.S. Securities Act will receive Aurora Shares that are restricted securities.
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.
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.
The present study is underpinned by the acknowledgement of subjective epistemological assumptions, since the findings of the research requires interpretation by the researcher.
This summary does not address the U.S. federal alternative minimum, U.S. federal estate and gift, U.S. state and local, and non-U.S. tax consequences to U.S. Holders of the Offer or the acquisition, ownership, and disposition of CanniMed Shares or Aurora Shares.