Examples of Canada Shares in a sentence
Each Grown Rogue Canada Unit consists of one share in the capital of Grown Rogue Canada (the “Grown Rogue Canada Shares”) and one Grown Rogue Canada common share purchase warrant (the “Grown Rogue Canada Warrants”).The Grown Rogue Canada Shares and Grown Rogue Canada Warrants issued upon conversion of the Brokered Subscription Receipts were immediately exchanged, without additional consideration or action, for common shares and warrants of the Company upon close of the Transaction.
Maha (Canada) began its operations on February 1, 2013.Roll upIn May 2016, Maha (Sweden) undertook a corporate restructuring (the “Roll Up”) whereby the shareholders of Maha (Canada) elected to either acquire class A Shares in Maha (Sweden) or Exchangeable Maha (Canada) Shares (as defined in Note 10 “Share capital”).
The Exchangeable Maha (Canada) Shares will not have any right to the assets and liabilities of Maha (Canada).The ability to acquire the Exchangeable Maha (Canada) Share assists Canadian residents to defer capital gains tax otherwise incurred on the Roll Up.15 Maha (Canada) shareholders, representing 13,609,394 shares elected to convert to Exchangeable Maha (Canada) Shares.
The Articles of Arrangement shall provide in substance that, and the Parties covenant to take such steps as are necessary to ensure that the following transactions shall occur and be deemed to occur in the following order and without any further act or formality, each holder of a Bacanora Canada Share outstanding at the Effective Time will transfer its Bacanora Canada Shares to AcquireCo in exchange for Bacanora UK Shares on the basis of one Bacanora Canada Share for one Bacanora UK Share.
The liquidity of Bacanora Canada Shares has increased significantly since Bacanora Canada dual listed for trading on AIM.
Letter of Transmittal Bacanora Canada, AcquireCo and Bacanora UK have retained the Applicable Depositary for the receipt of the Letter of Transmittal and, if in certificated form, the certificates representing Bacanora Canada Shares under the Arrangement.
Maha (Canada) began its operations on February 1, 2013.Roll upIn May 2016, Maha (Sweden) undertook a corporate restructuring (the “Roll Up”) whereby the shareholders of Maha (Canada) elected to either acquire class A Shares in Maha (Sweden) or Exchangeable Maha (Canada) Shares (see Note 12 “Share capital” of the Company’s Annual Report 2016).
As of the Record Date, namely February 9, 2018, there were 134,039,872 Bacanora Canada Shares outstanding, each of which carries one vote eligible to be cast in respect of the Arrangement.
Any one director or officer of Bacanora Canada be and he is hereby authorized and directed to do all such acts and things and to execute and deliver under the corporate seal or otherwise all such deeds, documents, instruments and assurances as in his opinion may be necessary or desirable to give effect to this resolution." The approval by Bacanora Canada Shareholders requires a favourable vote of a simple majority of the Bacanora Canada Shares voted in respect thereof at the Annual and Special Meeting.
These figures do not include any securities that are convertible into or exercisable for Bacanora Canada Shares.