Examples of Dakota Shares in a sentence
No advisers, as of the date hereof, have delivered to the Dakota Board a written opinion to the effect that, as of such date, the exchange ratio contemplated by the Merger is fair to the holders of Dakota Shares.
Dakota Shares and Voyager Shares are sometimes referred to collectively herein as "Shares." By way of example, 3,600,000/ 36,600,000 = .10 (the Exchange Ratio).
Dakota and USMX shall use all reasonable efforts to take any action required to cause Dakota Shares issuable pursuant to the Merger to be registered or to obtain an exemption from registration under applicable provincial, state, or foreign "blue sky" or securities laws.
Upon consummation of the Transactions, the Dakota Shares issued hereunder will be duly and validly authorized and, when issued and delivered in accordance with the terms and provisions of this Agreement and the Certificate of Merger as provided for in Article I, will be fully paid and nonassessable.
As of the Effective Time, all outstanding USMX Shares shall be converted automatically into the right to receive Dakota Shares in the ratio of 1.10 USMX Shares to one Dakota Share; and each share of the common stock of Merger Corp shall be converted automatically into the right to receive one share of common stock of the Surviving Corporation.
Until surrendered as contemplated by this Section, each Certificate shall, at and after the Effective Time, be deemed to represent only the right to receive, upon surrender of such Certificate, the certificate representing the appropriate number of Dakota Shares and certain dividends and other distributions as contemplated by Section 1.10(c).
As soon as practicable after the Effective Time, Dakota shall deposit with the Exchange Agent for the benefit of the holders of certificates which immediately prior to the Effective Time represented USMX Shares (the "Certificates") certificates representing Dakota Shares (together with any dividends or distributions with respect thereto payable as provided in Section 1.10(c), the "Exchange Fund") issuable pursuant to Section 1.5 in exchange for outstanding USMX Shares.
Fractional Dakota Shares shall not be issued in exchange for USMX Shares.
Upon surrender of a Certificate for cancellation to the Exchange Agent, together with such letter of transmittal, duly executed, the holder of such Certificate shall be entitled to receive in exchange therefor a certificate representing that number of whole Dakota Shares which such holder has the right to receive pursuant to this Article, and the Certificate so surrendered shall forthwith be canceled.
The Joint Proxy Statement will comply as to form in all material respects with the applicable provisions of the Exchange Act and the Securities Act relating to the USMX Stockholders' Meeting and the issuance of the Dakota Shares.