Examples of Resulting Issuer Subordinate Voting Shares in a sentence
The Parties agree that the Business Combination will be carried out with the intention that all Resulting Issuer Subordinate Voting Shares, Resulting Issuer Proportionate Voting Shares and Resulting Issuer Convertible Notes will be issued by the Resulting Issuer in reliance on the exemption from the registration requirements of the U.S. Securities Act provided by Section 3(a)(10) thereof (the “Section 3(a)(10) Exemption”).
In accordance with the rules of the CSE designed to ensure that, in the event of a take- over bid, the holders of Resulting Issuer Subordinate Voting Shares will be entitled to participate on an equal footing with the holder of the Special Voting Share, the holder of record of the Special Voting Share have entered into a customary coattail agreement with us and a trustee (the “Coattail Agreement”).
The Resulting Issuer Proportionate Voting Shares are convertible into 17,142,548 Resulting Issuer Subordinate Voting Shares on the basis of 80 Resulting Issuer Subordinate Voting Shares for each Resulting Issuer Proportionate Voting Share, as permitted by the articles of amalgamation of the Issuer.
The Acquiror acquired beneficial ownership and/or control or direction of the Resulting Issuer Subordinate Voting Shares and the Resulting Issuer Proportionate Voting Shares.
These Finder’s Warrants are expected to be issued in connection with the Concurrent Offering.See also “ Options to Purchase Securities” above for details of the proposed outstanding stock options to purchase Resulting Issuer Subordinate Voting Shares.
The Acquiror acquired beneficial ownership and/or control or direction over 214,281 Resulting Issuer Proportionate Voting Shares, representing an aggregate of 11.0% of the issued and outstanding Resulting Issuer Subordinate Voting Shares on an as-converted and partially-diluted basis.
Take-Over Bid Protection Under applicable securities laws in Canada, an offer to purchase the Special Voting Share would not necessarily require that an offer be made to purchase Resulting Issuer Subordinate Voting Shares.
Stock Exchange Price As at the date of this Listing Statement, the Resulting Issuer Subordinate Voting Shares are listed on the NEX under the symbol “ERN.H”.
Stock options are an important part of the Resulting Issuer’s long-term incentive strategy for its officers, permitting them to participate in any appreciation of the market value of Resulting Issuer Subordinate Voting Shares over a stated period of time, and are intended to reinforce commitment to long-term growth and shareholder value.
Stock options reward overall corporate performance, as measured through the price of the Resulting Issuer Subordinate Voting Shares and enable executives to acquire and maintain a significant ownership position in the Resulting Issuer.