Description of Offering and Securities Sample Clauses

Description of Offering and Securities. 2.1 The Issuer is offering (the "Offering") up to 3,333,333 Units at a price of US$0.06 per Unit, each comprised of a common share and one Warrant, for aggregate gross proceeds of up to US$200,000. Subject to the approval from the Exchange, the Issuer may, in its discretion, increase the size of the Offering.
Sample 1
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Description of Offering and Securities. The Underwriting Group proposes to purchase from the Company a total of 1,200,000 Units ("Firm Units"), each Unit consisting of one share of Common Stock of the Company ("Share") and one Class A Common Stock Purchase Warrant. The Class A Common Stock Purchase Warrants will be referred to as "Class A Warrants" in this Agreement and in the Agreement Among Underwriters. The Representative, either on its own behalf or on behalf of the members of the Underwriting Group, will have an overallotment option to purchase up to an additional 180,000 Units ("Overallotment Units"), consisting of up to 180,000 Shares ("Overallotment Shares") and up to 180,000 Class A Warrants ("Overallotment Class A Warrants") to cover overallotments. Such Overallotment Units, Overallotment Shares, and Overallotment Class A Warrants are collectively referred to herein as the "Overallotment Securities." Except as otherwise stated herein, the Firm Units and the Overallotment Securities are collectively referred to herein as the "Securities." The Company agrees to sell to the Underwriting Group all of the Firm Units, and the Company agrees to sell to the Representative all of the Overallotment Securities except for the Overallotment Shares which are sold to the Representative by Selling Shareholders. The Selling Shareholders have the right to sell to the
Sample 1
Description of Offering and Securities. 2.1 The Issuer is offering (the “Offering”) common shares (the “Shares”) at a price of CAD$0.70 per Share. Offering is not subject to any minimum or maximum aggregate offering and there can be no guarantees that the IsTsuheer will raise sufficient funds to meet its objectives. The Issuer may at any time, in its sole discretion, increase or decrease the size of the Offering.
Sample 1
Description of Offering and Securities. 2.1 The Offering will be completed in two tranches. Under the first tranche, common shares of the Issuer will be offered at a price of $0.125. The first tranche Closing shall occur within 5 Business Days of the date of this Agreement.
Sample 1
Description of Offering and Securities. 2.1 Under the Offering, Units will be offered at $0.16 per Unit. Each Unit will be comprised of one common share of the Issuer and one Warrant entitling the holder to purchase one Warrant Share at an exercise price equal to $0.20 per share for a period of two years after Closing. The Issuer has the right to accelerate the expiry date of the Warrants to be thirty (30) days following written notice to the holder if during the term the common shares of the Issuer close at $0.32 per share on each trading day for a period of ten (10) consecutive trading days on the Exchange.
Sample 1
Description of Offering and Securities. 2.1 The Issuer is offering (the “Offering”) up to 20,000,000 Units at a price of $0.10 per Unit for gross proceeds of up to $2,000,000. Each Unit will consist of one Share and one-half of one Warrant. Each whole Warrant entitles the holder thereof to purchase one Warrant Share at a price of $0.18 per Warrant Share for a period of 24 months from the date the Warrants are issued. Any unexercised Warrants shall automatically expire at the end of the period of 24 months from the date the Warrants are issued.
Sample 1
Description of Offering and Securities. 2.1 The Issuer is offering, on a brokered “best efforts” private placement basis (the “Offering”), up to 16,000,000 Subscription Receipts at a price of $0.25 per Subscription Receipt to raise aggregate gross proceeds of up to $4,000,000 pursuant to the Agency Agreement. The Agent shall have an over-allotment option to increase the size of the Offering by up to an additional 2,400,000 Subscription Receipts for gross proceeds of up to an additional $600,000. Each Subscription Receipt will entitle the holder thereof to receive, without payment of additional consideration or further action on the part of the holder thereof, one Underlying Share upon the satisfaction or waiver (to the extent such waiver is permitted) of the Conversion Condition at or before the Outside Date (as defined herein).
Sample 1
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Description of Offering and Securities. 2.1 The Issuer is offering (the "Offering") up to 18,000,000 Units at a price of $0.07
Sample 1

Related to Description of Offering and Securities

  • Distribution of Offering Materials The Fund has not distributed and, prior to the later to occur of (A) the Closing Time and (B) completion of the distribution of the Securities, will not distribute any offering material in connection with the offering and sale of the Securities other than the Registration Statement, each preliminary prospectus, the Prospectus, the Statutory Prospectus, the General Disclosure Package, the Rule 482 Statement, if any, or the sales materials.

  • Reduction of Offering If the managing Underwriter or Underwriters for a Piggy-Back Registration that is to be an underwritten offering advises the Company and the holders of Registrable Securities in writing that the dollar amount or number of shares of Common Stock which the Company desires to sell, taken together with shares of Common Stock, if any, as to which registration has been demanded pursuant to separate written contractual arrangements with persons or entities other than the holders of Registrable Securities hereunder, the Registrable Securities as to which registration has been requested under this Section 2.2, and the shares of Common Stock, if any, as to which registration has been requested pursuant to the written contractual piggy-back registration rights of other stockholders of the Company, exceeds the Maximum Number of Shares, then the Company shall include in any such registration:

  • Purchase, Sale and Delivery of Offered Securities On the basis of the representations, warranties and agreements herein contained, but subject to the terms and conditions herein set forth, the Company agrees to sell to the Underwriters, and the Underwriters agree, severally and not jointly, to purchase from the Company, at a purchase price of $ per share, the respective numbers of shares of Firm Securities set forth opposite the names of the Underwriters in Schedule A hereto. The Company will deliver the Firm Securities to the Representatives for the accounts of the Underwriters, against payment of the purchase price in Federal (same day) funds by official bank check or checks or wire transfer to an account at a bank acceptable to Credit Suisse First Boston Corporation ("CSFBC") drawn to the order of at the office of , at 9:00 A.M., New York time, on , or at such other time not later than seven full business days thereafter as CSFBC and the Company determine, such time being herein referred to as the "First Closing Date". For purposes of Rule 15c6-1 under the Exchange Act, the First Closing Date (if later than the otherwise applicable settlement date) shall be the settlement date for payment of funds and delivery of securities for all the Offered Securities sold pursuant to the offering. The certificates for the Firm Securities so to be delivered will be in definitive form, in such denominations and registered in such names as CSFBC requests and will be made available for checking and packaging at the office of at least 24 hours prior to the First Closing Date. In addition, upon written notice from CSFBC given to the Company from time to time not more than 30 days subsequent to the date of the Prospectus, the Underwriters may purchase all or less than all of the Optional Securities at the purchase price per Security to be paid for the Firm Securities. The Company agrees to sell to the Underwriters the number of shares of Optional Securities specified in such notice and the Underwriters agree, severally and not jointly, to purchase such Optional Securities. Such Optional Securities shall be purchased for the account of each Underwriter in the same proportion as the number of shares of Firm Securities set forth opposite such Underwriter's name bears to the total number of shares of Firm Securities (subject to adjustment by CSFBC to eliminate fractions) and may be purchased by the Underwriters only for the purpose of covering over-allotments made in connection with the sale of the Firm Securities. No Optional Securities shall be sold or delivered unless the Firm Securities previously have been, or simultaneously are, sold and delivered. The right to purchase the Optional Securities or any portion thereof may be exercised from time to time and to the extent not previously exercised may be surrendered and terminated at any time upon notice by CSFBC to the Company. Each time for the delivery of and payment for the Optional Securities, being herein referred to as an "Optional Closing Date", which may be the First Closing Date (the First Closing Date and each Optional Closing Date, if any, being sometimes referred to as a "Closing Date"), shall be determined by CSFBC but shall be not later than five full business days after written notice of election to purchase Optional Securities is given. The Company will deliver the Optional Securities being purchased on each Optional Closing Date to the Representatives for the accounts of the several Underwriters, against payment of the purchase price therefor in Federal (same day) funds by official bank check or checks or wire transfer to an account at a bank acceptable to CSFBC drawn to the order of , at the office of . The certificates for the Optional Securities being purchased on each Optional Closing Date will be in definitive form, in such denominations and registered in such names as CSFBC requests upon reasonable notice prior to such Optional Closing Date and will be made available for checking and packaging at the office of at a reasonable time in advance of such Optional Closing Date.

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