Broker Options definition

Broker Options means broker compensation options of the Company;

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Broker Options means the broker options issuable to the Agent entitling the Agent to acquire such number of Common Shares as is equal to 7% of the number of Subscription Receipts sold pursuant to the Brokered Offering; provided, however, that in the event that BRM enters into an agreement with the Company for the purchase of Subscription Receipts, the Agent shall be entitled to Broker Options in connection with such purchase by BRM, to acquire such number of Common Shares as is equal to 4% of the number of Subscription Receipts sold to BRM. Each Broker Option is exercisable for a period of 36 months at an exercise price of $0.40 USD per Broker Option;

Broker Options or “Broker Warrants” means the broker options for the purchase of Common Shares of the Company, issued to the Agent on automatic or elective exercise of the Subscription Receipts;

Examples of Broker Options in a sentence

In addition to the rules imposed by the Broker, Options shall be subject to the provisions of the rules of the various clearing corporations which issue Options, of the exchanges on which the Options are traded, and of any other competent self-regulatory agency.
The Broker Options will each entitle the holder to acquire one Unit at the price of US$3.25 per Unit for a period of 24 months from Closing.
The Broker Options will be issued and qualified under a prospectus filed in connection with an IPO.
The Broker Warrants and the Broker Options may be exercised at any time and from time to time after the First Closing Date until the date that is three years following the First Closing Date, and the Broker Warrant Certificate will be in form and substance satisfactory to the Agents and will be delivered to the Agents at the First Closing Time.
The Company will ensure, at all times prior to the Expiry Date, that sufficient Warrant Shares, Broker Option Shares and Broker Option Warrant Shares, respectively, are authorized and allotted for issuance upon due and proper exercise of the Warrants, the Broker Options and the Broker Option Warrants, as applicable.

More Definitions of Broker Options

Broker Options means the options held by ▇▇▇▇▇▇▇▇▇ to purchase 114,730 Common Shares of Sinomar at a price of $0.30 per share, by Research Capital Corporation to purchase 33,030 Common Shares of Sinomar at a price of $0.30 per share, and by Blackmont Capital Inc. to purchase 18,900 Common Shares of Sinomar at a price of $0.30 per share;

Broker Options has the meaning given in Section 13 of this Subscription Agreement;

Broker Options has the meanings ascribed to such term in Section 11;

Broker Options means the 5,862,469 Options the subject of Resolution 4.

Broker Options means Options with an exercise price of 15 cents and an expiry date of 3 years from their date of issue, the full terms of which are set out in Schedule 1.

Broker Options means the broker options to be issued in exchange for the Broker Warrants;

Broker Options means the Options issued on the terms and conditions set out in Schedule 3.