Consideration Options definition

Consideration Options has the meaning set forth in Section 1.1(b).

Consideration Options means 700,000 share purchase options of the Purchaser issuable to the Vendors pursuant to the terms of this Agreement, each of which entitles the holder to acquire an additional Purchaser Share at a price of $0.30 for a period of sixty (60) months following the Closing Date.

Consideration Options means the 2,760,000 options to purchase Common Shares in the capital of the Purchaser at a price of $0.05 per share to be issued to the holders of the Purchased Options, as set forth on Schedule “B” to this Agreement;

Examples of Consideration Options in a sentence

• Upon Settlement of the Gurvantes Transaction, TMK will issue to the Company up to 1,100,000,000 TMK Consideration Shares and up to 550,000,000 TMK Consideration Options.

• Subject to the passing of Resolution 1, the Company proposes to make a pro-rata in-specie distribution of up to 1,009,017,240 TMK Consideration Shares and up to 504,508,620 TMK Consideration Options to Shareholders pursuant to an equal reduction of capital (Distribution).

• Based on the total number of Shares currently on issue of 646,997,893, each of the Company’s Shareholders will receive approximately 1.56 TMK Consideration Shares and 0.78 TMK Consideration Options for every 1 Share held on the Record Date (in each case rounded down to the nearest whole security).

• Any fractional entitlement of a Scheme Optionholder to a part of a Consideration Option will be rounded up or down to the nearest whole number of Consideration Options (rounded up if the fractional entitlement is equal to or greater than one half, and rounded down if the fractional entitlement is less than one half).

• Apply for any Regulatory Approval required by the Bidder to implement the Scheme or Option Scheme and to permit the issue of the Consideration Shares and Consideration Options within the time periods contemplated by the Scheme and Option Scheme (as applicable).

More Definitions of Consideration Options

Consideration Options means the 666,666,667 options issued to the Seller (and/or their nominee(s)), exercisable in accordance with the terms and conditions as set out in Schedule 2.

Consideration Options means the incentive stock options of Ripper that will be exercisable to purchase an aggregate of 1,750,000 Ripper Shares that will be issued to the holders of the Talisker Options on a pro rata basis in consideration for the Talisker Options pursuant to the Amalgamation, and

Consideration Options means the incentive stock options of Ripper that will be exercisable to purchase an aggregate of 1,750,000 Ripper Shares that will be issued to the holders of the Talisker Options on a pro rata basis in consideration for the Talisker Options pursuant to the Amalgamation, and each Consideration Option will entitle the holder to acquire one Ripper Share at an exercise price of $0.10 per Ripper Share until the original expiry date of the Talisker Option, in accordance with the terms and conditions of the Ripper stock option plan;

Consideration Options means the incentive stock options to be issued by the Corporation to holders of DOJA Options pursuant to the terms of the Amalgamation Agreement, and which shall entitle the holder thereof to purchase, subject to adjustment, one Common Share at a price of $0.42 per Common Share, on substantially the same terms as the DOJA Options.

Consideration Options means the options to acquire Continental Holdco Shares to be granted to

Consideration Options means the stock options of the Purchaser to be issued in exchange for Prismic Options, and "Consideration Option" means any one of them; "Consideration Securities" means, collectively, the Consideration Shares, Consideration Options and Consideration Warrants, and "Consideration Share" means any one of them;

Consideration Options means the 15 million Options having the terms and conditions set out in Annexure A to be issued to Austral Gold Canada Limited at Completion of the Pinguino Acquisition.