Examples of New Orezone in a sentence
Orezone expects to mail an information circular providing full details of the IAMGOLD transaction and the spin-out of New Orezone to Orezone shareholders in early January 2009.The transaction will be carried out via a plan of arrangement.
Notwithstanding the foregoing, IAMGOLD shall have the right, in its sole discretion, upon written notice to Orezone and New Orezone three Business Days prior to the Termination Deadline, to extend the Termination Deadline for a period of 30 days beyond the Termination Deadline (the “ Revised Termination Deadline ”) and neither Orezone nor New Orezone shall be entitled to terminate this Agreement under this section 7.2 until the expiration of such Revised Termination Deadline.
After the Effective Time and until surrendered for cancellation as contemplated by paragraph 5(b)(i) hereof, each certificate which immediately prior to the Effective Time represented one or more Orezone Shares shall be deemed at all times to represent only the right to receive in exchange therefor a certificate representing the IAMGOLD Shares and the New Orezone Shares and the Cash Consideration to which the holder of such certificate is entitled to receive in accordance with paragraph 5(b)(i) hereof.
Orezone and New Orezone shall have complied in all material respects with their respective covenants herein and Orezone and New Orezone shall have provided to IAMGOLD a certificate of two officers thereof certifying that, as of the Effective Time, Orezone and New Orezone has so complied with their respective covenants herein; 52.
The Parties hereto hereby acknowledge and agree that effective as at the Effective Time, New Orezone will change its name to Orezone Inc.
IAMGOLD covenants and agrees with Orezone and New Orezone that, immediately following the Effective Date it will cause IAMGOLD Amalco (as defined in the Plan of Arrangement) to forgive that portion of the principal amount of the OEL Debt that is in excess of the fair market value of the of the OEL Debt, as reasonably determined by IAMGOLD, at the time of such forgiveness.
As of the date of this Agreement (i) there was one New Orezone Share outstanding, and (ii) there were no New Orezone Shares reserved for issue pursuant to any convertible securities of New Orezone or any other rights to acquire New Orezone Shares.
We were very fortunate to have Johnny Wilson, former pro, to be the instructor.
IAMGOLD, Orezone, New Orezone and the Depositary shall be entitled to deduct and withhold from all dividends or other distributions otherwise payable to any Orezone Shareholder such amounts as IAMGOLD, Orezone, New Orezone or the Depositary is required or permitted to deduct and withhold with respect to such payment under the Tax Act, the United States Internal Revenue Code of 1986 or any provision of any applicable federal, provincial, state, local or foreign tax law, in each case, as amended.
IAMGOLD, Orezone and the Orezone Subsidiaries shall provide to New Orezone all files, books, records and other information in its possession or control which may be relevant to the defence of such Claim.