Unissued Shares. Each authorized but unissued share of Company Preferred Stock and Company Common Stock shall cease to exist without payment of any consideration therefor.
Unissued Shares. The unissued shares of common stock to be issued and sold by the Company upon settlement of the Purchase Contracts have been duly authorized and reserved for issuance and, when issued and delivered in accordance with the provisions of the Purchase Contracts, will be duly and validly issued, fully paid and non-assessable and will conform in all material respects to the description thereof contained in the Prospectus.
Unissued Shares. On the Closing Date, after issuance of the Internet Media common stock to the U-Vend Security Holders, there would be a total of 760,342,721 shares of Internet Media common stock outstanding. However, on the Closing Date, Internet Media will only have 600,000,000 shares of its common stock authorized for issuance. Accordingly, Internet Media will be unable to issue 466,666,667 shares of its common stock (the "Unissued Shares") to the U-Vend Security Holders. In order to allow for the subsequent issuance of the Unissued Shares to the U-Vend Security Holders, Internet Media shall, within 90 days after the Closing Date, either reverse split its common stock or increase its authorized shares of common stock, such that there will be sufficient shares of its common stock authorized for issuance in order to satisfy the issuance of the Unissued Shares. At such time as there are sufficient authorized shares for issuance to the U-Vend Security Holders, Internet Media shall issue the Unissued Shares within 10 business days of such increase in its authorized shares.
Unissued Shares. Subject to the provisions of the Act and to these articles, any unissued shares of the company (whether forming part of the original or any increased capital) shall be at the disposal of the directors who may (subject to Article 4) offer, allot, grant options over or otherwise dispose of them to such persons at such times and for such consideration and upon such terms and conditions as they may determine. 7.
Unissued Shares. 18.1 The unissued shares of each of the Amalgamating Companies will not be exchanged for Amalco Shares and will be cancelled.
Unissued Shares. The authorized but unissued shares of our common stock and preferred stock will be available for future issuance without stockholder approval, except as may be required under the listing rules of any stock exchange on which our common stock is then listed. We may use additional shares for a variety of corporate purposes, including future public offerings to raise additional capital, corporate acquisitions and employee benefit plans. The existence of authorized but unissued shares of common stock and preferred stock could render more difficult or discourage an attempt to obtain control of us by means of a proxy contest, tender offer, merger or otherwise. LEGAL MATTERS Xxxxxxx Xxxxx LLP will pass upon the validity of the issuance of the common stock offered by this prospectus supplement as our counsel. The Sales Agent is being represented in connection with this offering by K&L Gates LLP.
Unissued Shares. No person, firm or corporation has any agreement or option or any right capable of becoming an agreement for the purchase, subscription or issuance of any of the unissued securities in the capital of WSI other than Xxxx and TD Canada Trust.
Unissued Shares. Neither Seller nor any third party has any agreement or option, or any right or privilege (including convertible securities, warrants or convertible obligations of any nature) which is capable of becoming an agreement or option, for the purchase, subscription, allotment or issuance of any of the unissued shares in the share capital of any of the Rangeland Companies or of any other securities of the Rangeland Companies, save and except for Buyer under the ROFO Agreement.
Unissued Shares. All authorized but unissued shares shall be issued or issuable as determined by the Board.
Unissued Shares. There is no option, warrant, privilege, or right outstanding with respect to any unissued Shares of Corporation.
