Offered Common Shares definition
Examples of Offered Common Shares in a sentence
The Agent shall use its commercially reasonable efforts to obtain subscriptions to purchase the Offered Common Shares.
The shares of Common Stock issuable upon exercise of the Offered Warrants are hereinafter referred to as the “Offered Warrant Shares.” The Offered Common Shares and the Offered Warrants are hereinafter referred to as the “Securities.” Subject to the provisions of Section 2, below, the Company desires to engage the Placement Agents as its placement agents in connection with such issuance and sale.
The Agent will notify the Corporation with respect to the identity and jurisdiction of residence of each Purchaser as soon as practicable and with a view to affording sufficient time to allow the Corporation to confirm compliance with all Applicable Securities Laws in connection with the sale of the Subscription Receipts, the Offered Common Shares and the Option Shares to the Purchasers.
For the purposes of this Section, the Agent shall be entitled to assume that the Offered Common Shares are qualified for Distribution in the Qualifying Province where a receipt for the Final Prospectus shall have been obtained from the OSC following the filing of the Final Prospectus.
In return for the Agent's services including but not limited to acting as Issuer's Agent in arranging for the sale of the Offered Common Shares, assisting it in the preparation of the Prospectus, and performing administrative work in connection with the sales of the Offered Common Shares, Issuer will pay to the Agent a fee (the "AGENCY FEE") equal to 7% of the gross proceeds raised in the Offering.
The Common Shares are, and at the time of issue of the Offered Common Shares and the Offered Flow-Through Shares will be, listed on the TSX and the Compensation Shares, Additional Offered Common Shares and Additional Offered Flow-Through Shares will, at the time of issue thereof, be conditionally approved for listing on the TSX or such other stock exchange or quotation system on which the Common Shares may trade or be quoted at the applicable time.
All legal requirements to enable the Distribution of the Offered Common Shares shall be fulfilled as soon as practicable.
Neither the Corporation nor the Agent shall provide to prospective purchasers of Subscription Receipts, Offered Common Shares or Option Shares any document or other material that would constitute an offering memorandum within the meaning of Applicable Securities Laws.
In the event the Selling Founder does not consummate the sale or disposition of the Offered Common Shares within the sixty (60) day period from the expiration of these rights, the Investors' first refusal rights and co sale rights shall continue to be applicable to any subsequent disposition of the Offered Common Shares by the Selling Founder until such right lapses in accordance with the terms of this Agreement.
Each Underwriter acknowledges that the Offered Common Shares have not been and will not be registered under the U.S. Securities Act or applicable state securities laws and the Offered Shares may be offered and sold in the United States only: (a) in transactions exempt from the registration requirements of the U.S. Securities Act and applicable exemptions from state securities laws; and (b) in accordance with the broker-dealer requirements of the U.S. Exchange Act and state securities laws.