Examples of Hudbay Shares in a sentence
If at the completion of the Amalgamation and the Redemption, the number of Hudbay Shares or Hudbay Warrants to be issued or delivered to a Shareholder would result in a fraction of a Hudbay Share or Hudbay Warrant being issuable or deliverable, fractional entitlements will either be rounded up (if the fractional interest is 0.5 or more) or down (if the fractional interest is less than 0.5) to the nearest whole number.
If the exchange qualifies as a reorganization, the U.S. federal income tax treatment of a U.S. Holder that realizes gain will depend on the characterization of the Hudbay Warrants for U.S. federal income tax purpose.If the exchange is not considered part of a reorganization for U.S. federal income tax purposes, the receipt of Hudbay Shares and Hudbay Warrants in exchange for Augusta Shares pursuant to the Offer will be fully taxable for U.S. federal income tax purposes.
Instead, where the aggregate number of Hudbay Shares or Hudbay Warrants to be issued under the Offer to an Augusta Shareholder would result in a fraction of a Hudbay Share or Hudbay Warrant being issuable, the number of Hudbay Shares or Hudbay Warrants to be received by such Augusta Shareholder will be rounded to the nearest whole Hudbay Share or whole Hudbay Warrant, as applicable.
The listing of the Hudbay Warrants and Hudbay Shares to be issued in connection with the Amalgamation, and the Hudbay Shares issuable on the exercise of the Hudbay Warrants, have been conditionally approved for listing on the Toronto Stock Exchange; and the listing of the Hudbay Shares to be issued in connection with the Amalgamation, and on the exercise of the Hudbay Warrants, are authorized for listing on the New York Stock Exchange, subject to official notice of issuance.
Any Hudbay Shares and Hudbay Warrants mailed in accordance with the Offer and this Letter of Transmittal will be deemed to be delivered and payment will be deemed to be made by the Offeror at the time of mailing.
The Hudbay Shares and the Hudbay Warrants to be issued in connection with the Amalgamation (and any Hudbay Shares to be issued upon exercise of the Hudbay Warrants) will be duly allotted for issuance and will be validly issued and the Hudbay Shares will be issued as fully paid and non-assessable.
If Block B is not completed, any Hudbay Shares will be mailed to the depositing Augusta shareholder at the address of such holder as it appears in Block A or, if no address is provided in Block A, then it will be sent to the address of such Augusta shareholder as shown on the register of Augusta Shareholders maintained by or on behalf of Augusta.
If the market price of Hudbay Shares does not exceed the Exercise Price on the Warrant Expiry Date, the Hudbay Warrants will be of no value.An active trading market for the Hudbay Warrants may not develop.Prior to the Offer, there has been no public market for the Hudbay Warrants.
Where the aggregate number of Hudbay Shares to be issued an Augusta Shareholder under the Offer would result in a fraction of a Hudbay Share being issuable, the number of Hudbay Shares to be received by such Augusta Shareholder will be rounded to the nearest whole Hudbay Share.The Offer is being made only for Augusta Shares, together with the associated rights issued under the Shareholder Rights Plan, and is not being made for any other securities.
As of June 20, 2014, an aggregate of up to 3,273,570 Hudbay Shares are issuable upon the exercise of stock options and as of June 20, 2014, 675,372 Hudbay Shares are issuable upon the exercise of restricted share units of the Offeror.