Examples of Auryn Warrants in a sentence
Except for the virtual meeting procedures and the grant of a vote to the holders of Auryn Options and Auryn Warrants, the terms, restrictions and conditions of the articles of Auryn, including quorum requirements and other matters, will apply in respect of the Meeting.
Assumes all Eastmain Shares issued and outstanding as of April 30, 2020 are acquired by Auryn pursuant to the Eastmain Arrangement, no Eastmain or Auryn Shareholders exercise their Dissent Rights and that none of the Auryn Options, Auryn Warrants.
This number would increase by up to 500,000 if all the Auryn Warrants were exercised prior to the Effective Date.
Notwithstanding any other provision of this Arrangement, no individual fractional New Auryn Shares, New Auryn Options, New Auryn Warrants, New Auryn Replacement Options, or SpinCo Shares shall be issued or transferred to any Auryn Shareholder or former Eastmain Securityholder, all fractional shares or other securities shall be aggregated by shareholder (or by account) and rounder to the nearest whole security and any fractional securities shall be eliminated without any compensation paid for them.
On the Effective Date, it is expected that approximately 108,000,000 SpinCo Sombrero Shares will be outstanding pursuant to the Reorganization Arrangement (assuming no Auryn Warrants are exercised between the date of this Circular and the Effective Date).