FT Shares definition

FT Shares means the previously unissued common shares in the capital of the Issuer offered by the Issuer pursuant to the Private Placement comprising part of the Units;

FT Shares has the meaning ascribed to such term on the face page of this Agreement;

FT Shares means a Share which is a “flow-through share” (as defined in Section 66(15) of the ITA) to be offered by the Issuer pursuant to this Agreement including those FT Shares which may be issued pursuant to the Over-allotment Option;

Examples of FT Shares in a sentence

• This Agreement, when executed by the Agent on behalf of the Purchaser and delivered to the Issuer, will constitute a subscription for FT Shares which will not be binding on the Issuer until accepted by the Issuer by executing this Agreement in the space provided on the first page of this Agreement and, notwithstanding the reference date on that page, if the Issuer accepts the subscription by the Purchaser, this Agreement will be entered into on the date of such execution by the Issuer.

• For certainty, the foregoing indemnity shall have no force or effect and the Purchaser shall not have any recourse or rights of action to the extent that such indemnity, recourse or rights of action would otherwise cause the FT Shares to be “prescribed shares” within the meaning of section 6202.1 of the regulations to the Tax Act.

• The Purchaser acknowledges that the Issuer has entered into and will be entering into agreements similar to this Agreement with other Persons in respect of FT Shares.

• The Purchaser has not and will not enter into any agreement or arrangement with any Person (other than the Issuer or a “specified person” in relation to the Issuer as defined in subsection 6202.1(5) of the regulations to the Tax Act) which will cause the FT Shares to be “prescribed shares” for the purposes of section 6202.1 of the regulations to the Tax Act.

• The Purchaser has not and will not enter into any agreement or arrangement with any Person (other than the Issuer or a “specified person” in relation to the Issuer as defined in regulation 6202.1(5) of the Tax Act) which will cause the FT Shares to be “prescribed shares” or “prescribed rights” for the purposes of section 6202.1 of the regulations to the Tax Act.

More Definitions of FT Shares

FT Shares means previously unissued Common Shares of the Company issued as “flow- through shares” as defined under the ITA, which form the underlying securities of the FT Units and FT Subscription Receipts.

FT Shares means the 2,000,000 Common Shares issued on a "flow-through" basis, at a price of $0.075 per FT Share, as part of the FT Private Placement;

FT Shares means a “flow-through share” as defined in subsection 66(15) of the Tax Act;

FT Shares means Common Shares in which the subscriber is entitled to “flow-through” treatment under the Tax Act;

FT Shares has the meaning defined in the recitals;

FT Shares has the meaning ascribed thereto on page 1 of this Subscription Agreement;

FT Shares means the post-Consolidation flow-through common shares in the capital of the Corporation as constituted immediately prior to the completion of the RTO;