Broker Unit definition

Broker Unit has the meaning ascribed to such term in Section 14 hereof;

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Broker Unit has the meaning ascribed thereto in Section 14 of this Agreement; “Broker Unit Shares” has the meaning ascribed thereto in Section 14 of this Agreement;

Broker Unit means a unit consisting of one Common Share (a “Broker Share”) and one half of one Warrant (a “Broker Warrant”);

Examples of Broker Unit in a sentence

• Each broker’s warrant will entitle the Agent to purchase one Broker Unit at US$0.21 at any time before the 30-month anniversary of the Closing Date.

• Each Broker Unit shall consist of one share of Common Stock and one half of one Warrant, with each such whole Warrant exercisable into one share of Common Stock at US$0.30 per share at any time before the 30-month anniversary of the Closing Date.

• Each Broker Unit Warrant will entitle the holder thereof to acquire one Common Share (a “Broker Share”) at a price of $0.39 per Broker Share at any time in whole or from time to time in part until the Expiry Date.

• The Broker Unit Shares, upon issuance in accordance with the terms of the Broker Warrant Certificates, and when paid for, shall be duly issued as fully paid and non-assessable Common Shares and shall have the attributes corresponding to the description thereof set forth in this Agreement and the Broker Warrant Certificates.

• Each Broker Unit will consist of one Common Share (a “Broker Unit Share”) and one-quarter of one Common Share purchase warrant (each whole Common Share purchase warrant, a “Broker Unit Warrant”).

• The Company will ensure that at all times prior to the expiry of the Broker Warrants, sufficient Broker Unit Shares are allotted for issuance upon the due and proper exercise of the Broker Warrants.

• The Company will ensure that the Broker Unit Warrants shall be duly and validly created, authorized and issued and shall have the attributes corresponding to the description thereof set forth in this Agreement and the Broker Warrant Certificates.

• The Warrant Shares, the Broker Unit Shares and the Broker Shares, upon issuance in accordance with the terms of the Warrant Indenture and Broker Warrant Certificates, as applicable, shall be duly issued as fully paid and non-assessable Common Shares, and shall have the attributes corresponding to the description thereof set forth in this Agreement, the Warrant Indenture and the Broker Warrant Certificates, as applicable.

• The Company will ensure that at all times prior to expiry of the Broker Unit Warrants, sufficient Broker Unit Warrant Shares are allotted for issuance upon the due and proper exercise of the Broker Unit Warrants.

• The Company will ensure, at all times until the date which is 24 months following the Closing Date, that the Broker Unit Warrants upon issuance shall be duly and validly created, authorized and issued and shall have the attributes corresponding to the description thereof set forth in this Agreement, the Warrant Indenture and the Broker Warrant Certificates.

More Definitions of Broker Unit

Broker Unit means the Unit issuable upon exercise of the Broker Warrants; “Broker Unit Share” means the Unit Share comprising part of the Broker Unit; “Broker Unit Warrant” means the Warrant comprising part of the Broker Unit;

Broker Unit means the Units issuable upon exercise of Broker Warrants;

Broker Unit means the unit comprised of the Broker Shares and the Broker Unit Warrants issuable upon the exercise of the Broker Warrants;

Broker Unit has the meaning ascribed thereto in the opening paragraphs of this Agreement;

Broker Unit has the meaning given to it in Section 11;‌‌

Broker Unit shall have the meaning ascribed to it above;