Examples of Corporate Finance Warrants in a sentence
The Corporate Finance Warrants have the same terms as the Warrants.
The cash finder’s fees, fair value of the December Finder’s Warrants and December Corporate Finance Warrants have been allocated to common shares and warrants on the same percentage as the fair value of the warrants.
The fair value of the December 2017 Warrants, the December Finder’s Warrants and the December Corporate Finance Warrants are $300,000, $92,000 and $25,000 respectively.
The Company does not intend to apply for listing of the Broker Warrants or Corporate Finance Warrants on any securities exchange or for inclusion in any automated quotation system.
This prospectus also qualifies the distribution of the Broker Warrants and the Corporate Finance Warrants and the additional shares issuable upon exercise of the Broker Warrants and Corporate Finance Warrants, to the extent they are "Qualified Compensation Securities" as defined in National Instrument 41-101 – General Prospectus Requirements (NI 41-101).
Based on 18,438,000 issued and outstanding Common Shares, assuming completion of the Offering and exercise of all outstanding Broker Warrants and Corporate Finance Warrants issued under the Offering.
The fair values of the December Warrants, the Finder’s Warrants and the Corporate Finance Warrants of $1,179,378, $51,454 and $26,795 respectively, were estimated using the Black-Scholes option-pricing model using the weighted- average input variables as follows: Expected life of 2.0 years, expected risk-free rate of 0.63%, expected volatility of 235.54%, common share price of $0.129 and a dividend yield of 0%.
The cash finder’s fees, fair value of the Finder’s Warrants and Corporate Finance Warrants have been allocated to common shares and warrants on the same percentage as the fair value of the warrants.
Notes:(1) Member of the audit committee.(2) Based on 14,600,000 issued and outstanding Common Shares.(3) Based on 18,438,000 issued and outstanding Common Shares, assuming completion of the Offering and exercise of all outstanding Broker Warrants and Corporate Finance Warrants issued under the Offering.
As a result, for the purposes of this Offering, any combination of Broker Warrants and Corporate Finance Warrants totaling 340,000 securities are Qualified Compensation Securities and are qualified for distribution by this prospectus and those securities exceeding the 10% threshold will not be Qualified Compensation Securities, will not be qualified for distribution under this prospectus and will be subject to a hold period in accordance with applicable securities laws.