Examples of Compensation Option Shares in a sentence
We have assumed that the Company has and/or will issue and deliver duly executed certificates in the form reviewed by us representing the shares of Common Stock constituting SW Shares, SW Warrant Shares, Compensation Option Shares, Warrant Shares or Shares, as the case may be, to each person or entity entitled thereto and that the issuance of such shares of Common Stock has been or will be reflected in the stock records of the Company.
Compensation Options For their services in connection with the Offering, the Underwriters will receive non-transferrable Compensation Options to purchase an aggregate of 349,500 Compensation Option Shares (or 401,925 Compensation Option Shares if the Over-Allotment Option is exercised in full) at a price of $4.30 per Compensation Option Share.
This short form prospectus qualifies the grant of the Compensation Options and the distribution of any Compensation Option Shares issued pursuant to the exercise of the Compensation Options.
All necessary corporate action has been taken, or will be taken before Closing, to authorize the issue and sale of, and the delivery of certificates representing, the Unit Shares, Unit Warrants and Compensation Options and, upon payment of the requisite consideration therefor, the Unit Shares, Unit Warrant Shares and Compensation Option Shares will be validly issued as fully paid and non-assessable Common Shares.
The Corporation shall have delivered copies of correspondence indicating that the Corporation has obtained all necessary approvals for the Offering and the listing of the Unit Shares, Warrant Shares and Compensation Option Shares to be listed on the TSX, subject only to the standard listing conditions.