Examples of Issued Warrants in a sentence
No other takeover statute or similar statute or regulation of any state is applicable to this Agreement, the Previously Issued Warrants or the Warrants (including all of the transactions contemplated hereby and thereby).
On the Closing Date, and in consideration of the purchase by the Purchaser of the Purchased Shares, the Company hereby agrees to issue 139,745,453 Warrants (the “Issued Warrants” and, together with the Purchased Shares, the “Securities”), of which 88,472,861 shall be designated as tranche A Warrants and 51,272,592 shall be designated as tranche B Warrants, to the Purchaser, and the Company shall deliver to the Purchaser certificates representing the Issued Warrants.
We are independent of the Board in accordance with the ethical requirements that are relevant to our audit of the financial statements in Canada, and we have fulfilled our other ethical responsibilities in accordance with these requirements.
Therefore, the offering of the Notes, Purchased Call Option and Issued Warrants transactions should be accounted for as separate transactions.
Subject to the provisions of Section 3(d), at any time or times on or after the Conversion Trigger Date, the Holder shall be entitled to convert any portion of the outstanding and unpaid Conversion Amount (as defined below) into validly issued, fully paid and non-assessable Common Shares in accordance with Section 3(c), at the Conversion Rate (as defined below).
Exercise Price Expiry DateOutstanding at December 31,2016 Warrants Issued Warrants Exercised Warrants ExpiredOutstanding atJune 30,2017 (Revised) $0.25October 23, 2017700,000---700,000$0.25October 31, 2017360,000---360,000$0.25January 6, 2018342,227---342,227$0.75September 27, 2017509,100---509,100 1,911,327---1,911,327 Subsequent to the period ended June 30, 2017, the TSX Venture Exchange consented to the reduction in the exercise price of 1,434,950 warrants to $0.15.
On the Closing Date, and in consideration of the purchase by the Purchaser of the Purchased Shares, the Company hereby agrees to issue 18,876,901 Warrants (the “Issued Warrants” and, together with the Purchased Shares, the “Securities”) to the Purchaser, and the Company shall deliver to the Purchaser certificates representing the Issued Warrants.
In the event that any holder of an Issued Warrant or Other Warrant shall sell or otherwise transfer any of such holder’s Issued Warrants or Other Warrants, the transferee shall be allocated a pro rata portion of such holder’s Exchange Cap Allocation, and the restrictions of the prior sentence shall apply to such transferee with respect to the portion of the Exchange Cap Allocation allocated to such transferee.
The issuance and sale of the Initially Issued Preferred Shares and the Initially Issued Warrants in the First Tranche and the Subsequently Issued Preferred Shares and the Subsequently Issued Warrants in the Second Tranche shall occur on their respective Closing Dates, at the offices of the Escrow Agent.
On the Second Funding Date, the Buyer shall deposit with the Escrow Agent the Second Purchase Price and the Company shall deposit with the Escrow Agent the Subsequently Issued Preferred Shares and the Subsequently Issued Warrants representing the securities to be purchased, issued and sold in the Second Tranche.