Examples of Compensation Warrant Shares in a sentence
The investment bankers received 100,823 Compensation Warrant Shares, each carrying the right to purchase one subordinate voting share in the capital of the Company at a price of$8.00 per Compensation Warrant Share for a period of two years from the closing date.
The Compensation Warrant Shares issuable upon exercise of the Compensation Warrants have been, or prior to the Closing Time will be, duly and validly authorized and allotted for issuance by the Corporation and, upon exercise of the Compensation Warrants in accordance with their terms, the Compensation Warrant Shares will be validly issued as fully paid and non-assessable Common Shares.
The issuance of certificates for Compensation Warrant Shares and Broker Warrants upon the exercise of Compensation Warrants shall be made without charge to the Holder for any issuance tax in respect thereto, provided that the Corporation shall not be required to pay any tax which may be payable in respect of any transfer involved in the issuance and delivery of any certificate in a name other than that of the Holder.
The Corporation will, at its expense and as expeditiously as possible, use its reasonable commercial efforts to cause all Compensation Warrant Shares and Broker Warrant Shares issuable upon the exercise of the Compensation Warrants and the Broker Warrants, respectively, to be duly listed on the Toronto Stock Exchange and/or any other stock exchange upon which the Common Shares may be then listed prior to the issuance of such shares.
The Corporation will take all such actions are within its power to ensure that all such Compensation Warrant Shares and the Broker Warrant Shares may be so issued without violation of any applicable law.
The Compensation Warrant Shares have been, or prior to the Closing Time will be, duly and validly authorized for issuance and, upon exercise of the Compensation Warrants in accordance with the terms and conditions of the Warrant Indenture, the Compensation Warrant Shares will be validly issued as fully paid and non-assessable Common Shares.
The Corporation will at all times keep available, and reserve if necessary under Canadian law, out of its authorized Common Shares, solely for the purpose of issue upon the exercise of the Compensation Warrants, (i) such number of Compensation Warrant Shares as shall then be issuable upon the exercise of the Compensation Warrants, and (ii) such number of Broker Warrant Shares issuable upon the due exercise of the Broker Warrants issuable upon the due exercise of the Compensation Warrants.
The Corporation having delivered to the Underwriter evidence of the approval (or conditional approval) of the listing and posting for trading of the Unit Shares, Warrants, Warrant Shares, Compensation Shares, Compensation Warrants and Compensation Warrant Shares on the Stock Exchange, subject only to satisfaction by the Corporation of standard listing conditions (including the distribution requirements in respect of the Warrants).
As promptly as practicable after the Exercise Date, the Corporation shall issue and deliver to the Holder, registered in such name or names as the Holder may direct or if no such direction has been given, in the name of the Holder, a certificate or certificates for the number of Compensation Warrant Shares and Broker Warrants specified in the Election to Purchase.
The Corporation covenants and agrees that the Compensation Warrant Shares and the Broker Warrant Shares which shall be so issuable upon being duly exercised will, upon issuance, be duly authorized and issued as fully paid and non-assessable.