Examples of Cannus Shares in a sentence
All issued and outstanding Cannus Shares have been duly authorized and are validly issued, fully paid and non-assessable, free of pre-emptive rights.
Cannus shall be satisfied that the exchange of New CIVC Shares for Cannus Shares shall be qualified or exempt from registration or qualification under all applicable United States federal and state securities laws.
If a Cannus Dissenting Shareholder fails to perfect or effectively withdraws its claim under section 190 of the CBCA or forfeits its right to make a claim under section 190 of the CBCA or if its rights as a Cannus Shareholder are otherwise reinstated, such holder’s Cannus Shares shall thereupon be deemed to have been exchanged as of the Effective Time as prescribed by paragraphs 1.2(g)(i), and (g)(ii), as applicable, as further described in Section 2.1.
In no circumstances shall CIVC, CIVC Subco, Cannus or any other Person be required to recognize a Person exercising Dissent Rights unless such Person is a registered holder of Cannus Shares in respect of which such Dissent Rights are sought to be exercised.
Dissent Rights shall not have been exercised in respect of more than 10% of the issued and outstanding Cannus Shares.
Neither CIVC or CIVC Subco or any Affiliate or Associate of CIVC or CIVC Subco, nor to the knowledge of CIVC, any director or officer of CIVC or CIVC Subco, beneficially owns or has the right to acquire a beneficial interest in any Cannus Shares.
There are 2,500,000 Cannus Options outstanding that can each be exercised for one Cannus Common Share, 31,000 Cannus Options that can each be exercised for one Cannus Series A Share and 2,655,159 Cannus Shares issuable upon the conversion, exercise or exchange of warrants issued by Cannus.
The representations, warranties and covenants in this Certificate will form the basis for the exemptions from the registration requirements of the United States Securities Act of 1933, as amended (the “U.S. Securities Act”), and any applicable securities laws of any state of the United States, for the issuance of the New CIVC Securities to Cannus Securityholders in exchange for their Cannus Shares and other securities of Cannus upon completion of the Amalgamation (the “Exchange”).
A registered holder of Cannus Shares is not entitled to exercise Dissent Rights with respect to Cannus Shares if such holder votes (or instructs, or is deemed, by submission of any incomplete proxy, to have instructed his, her or its proxyholder to vote) in favour of the resolution approving the Amalgamation at the Cannus Meeting.