Examples of BMG Shares in a sentence
The authorized share capital of BMG consists of an unlimited number of BMG Shares.
No BMG Shareholder has any right to compel BMG to register or otherwise qualify the BMG Shares (or any of them) for public sale or distribution.
On October 22, 2013, BMG completed a non-brokered private placement to certain investors of 2,400,000 BMG Shares at a price of $0.10 per BMG Share for gross cash proceeds of $240,000.
As of the close of business on the date of this Agreement, there are issued and outstanding 60,217,856 BMG Shares.
Arrangement Resolution BMG Securityholders will be asked to consider and vote on the Arrangement Resolution, which authorizes and approves an arrangement involving Battle Mountain and Gold Standard under Section 288 of the Business Corporations Act (British Columbia), pursuant to which Gold Standard will acquire all of the issued and outstanding BMG Shares, other than those already owned by Gold Standard.
BMG Shares issued in the Merger shall be issued as of and deemed to be outstanding as of the Effective Time.
All BMG Shares in the capital of Battle Mountain are of the same class and each carries the right to one vote.
For greater certainty, GSV shall not be required pursuant to this Section 2.9 to provide the Depositary prior to the Effective Date with any cash funds and GSV Shares as Consideration for the BMG Shares held by BMG Shareholders exercising Dissent Rights and who have not withdrawn their notice of objection.
In lieu of any such fractional share, each holder of Shares who would otherwise have been entitled to a fraction of a BMG Share upon exchange of such Shares shall be issued the appropriate whole number of BMG Shares determined by rounding down any fraction of 0.5 or less to the nearest whole number of BMG Shares and by rounding up any fraction greater than 0.5 to the nearest whole number of BMG Shares.
The aggregate number of Gold Standard Shares issuable to a BMG Shareholder on the exchange of BMG Shares shall be rounded down to the nearest whole number.Effect on BMG OptionsAs of the date of this Circular, there were outstanding BMG Options which, when vested, would be exercisable to acquire a total of 3,254,000 BMG Shares.It is a condition precedent to the Arrangement Agreement that 1,754,000 June Options will be cancelled prior to the Effective Time.