Broker Warrants definition

Broker Warrants has the meaning ascribed to such term in Section 12 hereof;

Broker Warrants has the meaning given to it in Section 6;

Broker Warrants means the 680,000 common share purchase warrants of the Company issued to registered dealers in connection with the 2020 Private Placement. Each Broker Warrant entitles the holder thereof to acquire one Common Share, at an exercise price of $0.10, for a period of 24 months;

Examples of Broker Warrants in a sentence

• Broker Warrants Denominated in Foreign Currency In accordance with IFRS, an obligation to issue shares for a price that is not fixed in the Company’s functional currency, and that does not qualify as a rights offering, must be classified as a derivative liability and measured at fair value with changes recognized in the statement of loss and comprehensive loss as they arise.

• As part of the consideration of the services rendered by the Agent in connection with the Private Placement and Offering, the Company issued to the Agent 1,230,000 Broker Warrants and 681,525 Offering Broker Warrants.

• For accounting purposes, the Company determined the fair value of the Broker Warrants and Offering Broker Warrants using the Black-Scholes option pricing model and recorded the amount as a warrant liability within non-current liabilities with the change in fair value from the date of issuance being reflected in the consolidated statement of comprehensive income as a change in valuation of warrant liability.

• The Special Broker Warrants were valued using the Black Scholes option pricing model with the following assumptions: risk free interest rate of 1.42%, expected life of 3.0 years, stock price of $0.61 and expected volatility of 63.12% at $112,457.

• In consideration for their services on the brokered portion of the Offering, the Agents received 293,189 Special Broker Warrants and were entitled to receive a cash commission of $205,233 of which $129,358 was settled by the Agents for 184,793 of Special Warrants.

More Definitions of Broker Warrants

Broker Warrants has the meaning ascribed thereto in Section 10;

Broker Warrants has the meaning ascribed thereto in Section 3(c) of this Agreement;

Broker Warrants means the Warrants issued to agents in consideration for their services under a brokered private placement of the Company.

Broker Warrants means the Tribute Common Share purchase warrants issued in certificated form expiring on May 21, 2017.

Broker Warrants shall have the meaning ascribed thereto on the second page of this Agreement;

Broker Warrants has the meaning ascribed thereto in the seventh paragraph of this Agreement;

Broker Warrants has the meaning ascribed thereto on the third page hereof;