Offeror Shares definition
Examples of Offeror Shares in a sentence
The issued and outstanding Offeror Shares are listed and posted for trading only on the TSXV and the Offeror is in compliance in all material respects with the by-laws, rules and regulations of the TSXV.
As of the date hereof, options to purchase 4,710,000 Offeror Shares and warrants to purchase 28,513,868 Offeror Shares in aggregate, have been granted and are outstanding, the expiry dates and exercise prices of which are detailed in the Offeror Disclosure Letter.
The authorized share capital of the Offeror consists of an unlimited number of Offeror Shares of which, as of the date hereof, 66,645,951 Offeror Shares are issued and outstanding.
Once the share allocations have been determined, the cash element of the consideration will be reduced or increased (as the case may be) for each Accepting Shareholder who has been allocated an increased or reduced number of Offeror Shares.
The number of Initial Offeror Shares and Additional Offeror Shares will vary depending upon the cash offer price per issued share of the Company (“Company Share”) offered to the Public Shareholders.