Examples of Precision Shares in a sentence
Immediately following completion of the Arrangement, the ownership of Precision Shares will be split with approximately 29% held by Trinidad Shareholders and approximately 71% by current Precision Shareholders.
Precision Shares trade on the NYSE, which will provide Trinidad Shareholders with access to a U.S. listing and increased exposure to the U.S. capital markets.
Notwithstanding anything to the contrary in this Agreement, in no event shall the aggregate number of Precision Shares issuable pursuant to the Precision Stock Issuances exceed the Exchange Cap or otherwise cause Precision to be required to obtain Stockholder Approval.
The TSX has conditionally approved the listing of the Precision Shares to be issued to Trinidad Shareholders pursuant to the Arrangement.
No order, ruling or determination having the effect of suspending the sale of, or ceasing the trading of, Precision Shares or any other securities of Precision has been issued by any Governmental Authority and is continuing in effect and no proceedings for that purpose have been instituted, are pending or, to the knowledge of Precision, are contemplated or threatened under any Applicable Laws or by any Governmental Authority.
As of the date hereof, the authorized capital of Precision consists of an unlimited number of Precision Shares and an unlimited number of preferred shares, issuable in series.
No delisting, suspension of trading in or cease trading order with respect to the Precision Shares is pending or, to the knowledge of Precision, threatened or is expected to be implemented or undertaken and to its knowledge Precision is not subject to any formal or informal review, enquiry, investigation or other proceeding relating to any such order or restriction.
Precision is a "reporting issuer" in each of the Provinces of Canada and is a "foreign private issuer" within the meaning of the U.S. Securities Act and is in material compliance with all Applicable Canadian Securities Laws and U.S. Securities Laws therein and the Precision Shares are listed and posted for trading on the TSX and NYSE, respectively.
Precision has reserved and allotted a sufficient number of Precision Shares as are issuable pursuant to the Arrangement, and, subject to the terms and conditions of the Arrangement, such Precision Shares will be validly issued as fully paid and non-assessable to previous holders of Trinidad Shares pursuant to the Arrangement.
Precision shall have deposited or caused to be deposited in escrow with the Depositary under the Arrangement the Precision Shares to be issued pursuant to the Arrangement no later than the Business Day immediately before the Effective Date.