Examples of Corporate Finance Units in a sentence
Each Corporate Finance Unit has the same terms as the Units sold under the Offering, except that the warrants comprising part of the Corporate Finance Units are non-transferable.
All of the Corporate Finance Units and Agent’s Options, and 163,334 Units issued to purchasers who are members of Canaccord’s pro group (as defined in the Exchange’s policies) are subject to a four month hold period expiring on November 4, 2008 under applicable securities laws and Exchange policies.
The distribution of the Agent’s Units, the Corporate Finance Units and the Agent’s Warrants are also qualified for distribution under this Prospectus.
This Prospectus also qualifies the issuance of the Underwriters’ Fee Units, the Underwriters’ Warrants and the Corporate Finance Units (including in respect of any Units issuable in respect of any exercise of the Over-Allotment Option).
To the extent that the Agent is entitled to receive securities as compensation exceeding 10% of the Offering, that number of Corporate Finance Units exceeding the 10% threshold will not be Qualified Compensation Securities, will not be qualified for distribution by this Prospectus and will be subject to a four month hold period in accordance with applicable securities laws.
The Corporate Finance Units will have the same terms as the units issued under the private placement.The Company also intends to conduct a non-brokered private placement of 4,500,000 units at $1.00 per unit with the same terms as the brokered private placement.
This Prospectus also qualifies the distribution of up to 700,000 of the 1,200,000 Agent’s Warrants to be issued in connection with the Offering and all of the Corporate Finance Units.
In accordance with the General Terms and Conditions, the number of days from Notice to Proceed with Construction to Substantial Completion shall be 120 days and Final Completion shall be 30 days thereafter.
IPO equity issuance costs include noncash costs of $303,648 representing the fairmarket value of the Agents Warrants, the Agents’ Conversion Warrants, the Corporate Finance Units and stock options issued for consulting services.
Create and issue to the Underwriters, or as directed by the Underwriters, that number of Corporate Finance Units that is equal to 3.0% of the number of Offered Securities sold under the Offering.