Examples of BMG Warrants in a sentence
Warrants of BMG (“BMG Warrants”) were cancelled and each holder of BMG Warrants was issued Madison replacement warrants that entitle the holder to acquire that number of common shares of Madison that is equal to the number of common shares of BMG that such holder was entitled to acquire under the BMG Warrants previously held.
All BMG Warrants have been duly, validly and legally created and issued by BMG in accordance with applicable Laws and all BMG Common Shares issuable upon the exercise of the BMG Warrants in accordance with these terms have been duly authorized and upon issuance will be validly issued and fully paid shares.
As of the date of this Agreement, there were outstanding 15,420,000 BMG Common Shares and 2,000,000 BMG Warrants.
In addition, as of the close of business on the date of this Agreement, an aggregate of 4,414,000 BMG Shares are issuable upon the exercise of BMG Options and 4,887,960 BMG Shares are issuable upon the exercise of BMG Warrants, all as more fully disclosed in Schedule 3.1(f) of the BMG Disclosure Letter.
There are no securities of BMG or of any of its subsidiaries outstanding which have the right to vote generally (or, other than the BMG Options and BMG Warrants, are convertible into, or exchangeable or exercisable for securities having the right to vote generally) with the BMG Shareholders on any matter.
All outstanding BMG Shares have been duly authorized and validly issued, are fully paid and non-assessable, and all BMG Shares issuable upon the exercise of the BMG Options and BMG Warrants in accordance with their respective terms have been duly authorized and, upon issuance, will be validly issued as fully paid and non-assessable.
As at March 28, 2014, there were 2,000,000 BMG Warrants outstanding to purchase 2,000,000 BMG Shares at a price of $0.15 per share.As at October 31, 2013, BMG had retained earnings of $378,510.
GSV has reserved and allocated sufficient GSV Shares, or has made adequate arrangements for reservation and allocation to ensure that it will have sufficient GSV Shares at the Effective Time, to pay the aggregate Consideration to be paid pursuant to the Arrangement (including GSV Shares issuable pursuant to the BMG Options and BMG Warrants after the Effective Time).