Examples of Nomad Shares in a sentence
Sale of Royalty Portfolio and Nomad Shares On May 27, 2020, the Company announced the completion of the sale of its portfolio of royalty interests and the contingent payment to be received upon declaration of commercial production at the Deep Carbonates Project (“DCP”) at the Gualcamayo gold mine (together, the “Royalty Portfolio”) to Nomad Royalty Company Ltd.
In no event shall any holder of Nomad Shares be entitled to a fractional Purchaser Share.
Trading in the Nomad Shares on the TSX, the NYSE and the FSE is not currently halted or suspended.
Neither the Purchaser nor any of its affiliates owns any Nomad Shares or any other securities of the Company.
For greater certainty, the Purchaser shall not pursuant to this Section 2.12 provide or deposit in escrow with the Depositary prior to the Effective Date any cash, Purchaser Shares or other consideration for the Nomad Shares held by Nomad Shareholders validly exercising Dissent Rights.
Each director and executive officer of the Company intends to vote all Nomad Shares held by him or her in favour of the Arrangement Resolution and has agreed that the news release referred to in Section 2.2(a) may so state and that references to such intention may be made in the Circular and other documents relating to the Arrangement.
Without limiting the generality of the foregoing, all issued and outstanding Nomad Shares have been issued in compliance with all applicable Securities Laws.
All outstanding Nomad Shares have been, and all Nomad Shares issuable upon the exercise, conversion or vesting of rights under the Nomad Options, Nomad PSUs, Nomad RSUs, Nomad DSUs, Nomad Warrants, the Deferred Payment Agreement and the Nomad DRIP in accordance with their terms have been duly authorized and, upon issuance, will be, validly issued as fully paid and non-assessable shares of the Company and are not and will not be, as applicable, subject to or issued in violation of, any pre-emptive rights.
If the daily volume-weighted average trading price of Nomad Shares on the Toronto Stock Exchange exceeds the Warrant exercise price by at least 25% for any period of 20 consecutive trading days after one year from the date of issuance, Nomad will have the right to give notice in writing to the holders of the Warrants that the Warrants will expire 30 days following such notice, unless exercised prior thereto.
An additional aggregate of 2,661,012 Sandstorm Shares are reserved for issuance in respect of the warrants to acquire Nomad Shares.