Sulliden Shares definition
Examples of Sulliden Shares in a sentence
The Depositary will forward to each former registered Sulliden Shareholder, at the address of such former Sulliden Shareholder as it appears on the former register for the Sulliden Shares, a Letter of Transmittal and instructions for obtaining delivery of the certificates or other evidence of ownership representing the Rio Alto Shares and the SpinCo shares that will be transferred to such former Sulliden Shareholder pursuant to the Arrangement.
Nothing in this Plan of Arrangement or the transactions contemplated hereby shall affect, reduce or derogate from the rights of Continuance Dissenting Shareholders to be paid fair value by Sulliden (or Amalco as its successor) for their Sulliden Shares under section 378 of the QBCA.
Any such certificate formerly representing Sulliden Shares not duly surrendered on or before the sixth anniversary of the Effective Date shall cease to represent a claim by or interest of any former Sulliden Shareholder of any kind or nature against or in Sulliden, Rio Alto or SpinCo; and on such sixth anniversary, all Rio Alto Shares, SpinCo Shares and cash to which such former Sulliden Shareholder was entitled shall be deemed to have been surrendered to Rio Alto or SpinCo, as applicable.
In addition to any other restrictions under the OBCA or the QBCA, as the case may be, none of the following shall be entitled to exercise Dissent Rights: (i) Sulliden Optionholders, (ii) Sulliden Warrantholders, and (iii) Sulliden Shareholders who vote or have instructed a proxyholder to vote such Sulliden Shares in favour of the Contunuance Resolution or Arrangement Resolution, as the case may be (but only in respect of such Sulliden Shares).
As described under the heading “Acquisition of Sulliden Shares Not Deposited – Compulsory Acquisition” in Section 9 of the Circular, Century may, in certain circumstances, acquire Sulliden Shares pursuant to Section 51 of the QCA.
As described under Section 17 of this Circular, “Effect of the Offer on the Market for and Listing of Sulliden Shares”, Sulliden Shares may be delisted from the TSX.
If a pass-through entity, including a partnership or other entity taxable as a partnership for U.S. federal income tax purposes, holds Sulliden Shares or Century Shares, the U.S. federal income tax treatment of an owner or partner generally will depend on the status of such owner or partner and on the activities of the pass-through entity.
Sulliden Shares will generally constitute capital property to a Holder unless the Holder holds such shares in the course of carrying on a business or has acquired such shares in a transaction or transactions considered to be an adventure in the nature of trade.
Subject to the foregoing, if all of the conditions referred to above in Section 2 of this Offer, “Conditions of the Offer” have been fulfilled or, where permitted, waived at or prior to the Expiry Time, the Offeror will become obligated to take-up and pay for the Sulliden Shares validly deposited under the Offer and not validly withdrawn, promptly and in no event later than 10 days after the Expiry Date.
The volume-weighted average trading prices of the Century Shares on the TSX-V and of the Sulliden Shares on the TSX, for the 20 trading days ended October 3, 2007, was Cdn.$0.586 and Cdn.$0.28, respectively.