Common use of Authorized and Issued Capital Clause in Contracts

Authorized and Issued Capital. (i) The authorized capital of Company consists of an unlimited number of Company Common Shares. As of the close of business on the date of this Agreement, there were (A) 27,626,061 Company Common Shares issued and outstanding, (B) outstanding Company Options to purchase 2,626,039 Company Common Shares and (C) outstanding Company Warrants to purchase 2,554,903 Company Common Shares.

Authorized and Issued Capital. (i) The authorized capital of the Company consists of an unlimited number of Company Common Shares, without par value, of which 100,156,597 Common Shares have been validly issued and are outstanding. As All of the close of business on the date of this Agreement, there were (A) 27,626,061 Company issued and outstanding Common Shares issued are fully paid and outstandingnon-assessable and have been duly authorized and issued, (B) outstanding in compliance with applicable Laws and not in violation of or subject to any pre-emptive or similar right that entitles any person to acquire from the Company Options to purchase 2,626,039 Company any Common Shares and (C) outstanding Company Warrants to purchase 2,554,903 Company Common Sharesor other security of the Company.