Rights Offering definition
Examples of Rights Offering in a sentence
Pursuant to Securities Laws, each Eligible Holder who exercises its full Basic Subscription Privilege will be entitled to subscribe for additional Common Shares at the Subscription Price in the manner and the amounts prescribed by Securities Laws and as further detailed in the Rights Offering Circular to the extent that other holders of Rights do not exercise all of their Rights under the Basic Subscription Privilege (the “Additional Subscription Privilege”).
The completion of the purchase of Common Shares issuable upon the exercise of the Rights pursuant to the Basic Subscription Privilege and the Additional Subscription Privilege by each Eligible Holder that has validly subscribed for Common Shares will occur at the time and in the manner set forth in the Rights Offering Circular and any conflict between this Agreement and the Rights Offering Circular will be resolved in favour of the Rights Offering Circular.
Each of the Rights Offering Circular and the Rights Offering Notice, the issuance of Rights and the issuance of the Common Shares on the exercise thereof and the issuance of the Standby Shares will be duly authorized by the Corporation prior to the time of filing the Rights Offering Documents.
The Corporation will prepare, file, and cause to become effective the Registration Statement with the SEC, and will use commercially reasonable efforts to maintain the effectiveness of the Registration Statement until the completion of the Rights Offering.
Each Standby Purchaser may, but is not required to, exercise its Additional Subscription Privilege in accordance with the procedures set out in the Rights Offering Circular.