Examples of Xxxxxx Common Shares in a sentence
All outstanding shares of capital stock of Purchaser are, and all shares of Xxxxxx Common Shares to be issued as part of the Purchase Price will be, when so issued, duly authorized, validly issued, fully paid and nonassessable and not subject to preemptive rights.
The authorized capital stock of Purchaser consists of: (i) an unlimited number of shares of Xxxxxx Common Shares, of which, as of the date hereof, 25,071,573 shares of Xxxxxx Common Shares were issued and outstanding and (ii) an unlimited number of preference shares, of which, as of the date hereof, no preference shares were issued and outstanding.
When issued, sold and delivered in accordance with the terms of this Agreement for the consideration expressed herein to the Company, the Xxxxxx Shares shall be duly and validly authorized, fully paid and non-assessable Xxxxxx Common Shares free and clear of any restrictions on transfer, other that the restrictions on transfer under this Agreement, or applicable state, federal, provincial and foreign securities laws.
Prior to the date hereof, Purchaser has filed an application with The Nasdaq Stock Market to list the Xxxxxx Common Shares thereon.
The purchase price (the "Purchase Price") for the Path 1 Shares is Ten Million U.S. Dollars ($10,000,000) and 200,000 common shares, no par value (the "Xxxxxx Common Shares"), of Purchaser (such 200,000 Xxxxxx Common Shares being hereinafter referred to as the "Xxxxxx Shares").