Kinross Shares definition
Examples of Kinross Shares in a sentence
As at the date of this Agreement, 14,668,464 Kinross Shares are reserved for issuance upon the conversion of outstanding convertible debentures and 3,175,170 Kinross Shares are reserved for issuance upon the conversion of the Kinross Preferred Shares.
Fractions of Kinross Shares shall not be issued, but in lieu thereof Kinross shall pay to each Person who would otherwise receive fractional Kinross Shares an amount determined by reference to the volume weighted average price of Kinross Shares on The Toronto Stock Exchange on the first five trading days on which such shares trade on such exchange following the Effective Date.
Subject to the terms and conditions hereof, on the Pre-Closing Date, Teck Cominco shall subscribe to purchase from Kinross an aggregate of 5,604,484 Kinross Shares for an aggregate subscription price of $70,000,000 (70 million dollars) (the “Subscription Price”), pursuant to the Subscription Agreement and where such subscription shall occur on the Closing Date if the Closing occurs.
Fractional Kinross Shares shall not be issued in connection with the Offer.
Subject to applicable Law and to Section 5.4 hereof, at the time of such compliance, there shall, in addition to the delivery of Consideration to which such holder is thereby entitled, be delivered to such holder, without interest, the amount of the dividend or other distribution with a record date after the Effective Time theretofore paid with respect to such Kinross Shares.
Kinross shall be a party to such supplemental indentures only to confirm that it will make its shares available to Amalco so that Amalco’s obligations under the indentures to deliver Kinross Shares can be satisfied.
Neither Great Bear nor any of its affiliates own any Kinross Shares or any other securities of Kinross.
The issuance and purchase of the Kinross Shares shall be completed at the Time of Closing at the Toronto office of the Canadian Escrow Agent.
The Kinross Shares to be issued in connection with the transactions contemplated herein, including the Kinross Shares to be issued upon the exercise of the Replacement Options, will not be subject to any statutory hold or restricted period under the securities legislation of any province or territory of Canada and, subject to restrictions contained therein in respect of “control distributions”, will be freely tradable within Canada by the holders thereof.
Fractional Kinross Shares shall not be issued in exchange for Amax Shares.