Cornerstone Private Placements definition

Cornerstone Private Placements has the meaning ascribed thereto in the Preamble;

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Cornerstone Private Placements means the private placements of subscription receipts of the Corporation to the Cornerstone Investors in accordance with the terms of the Cornerstone Subscription Agreements, as described in the Disclosure Materials;

Examples of Cornerstone Private Placements in a sentence

• Escrow Release Conditions means, (i) where the Acquisition is implemented by way of a scheme of arrangement under Part 26 of the UK Companies Act of 2006, the scheme becoming effective in accordance with its terms, and where the Acquisition is implemented by way of a takeover offer under section 974 of the UK Companies Act of 2006, the takeover offer becoming or being declared unconditional in all respects and (ii) the Cornerstone Private Placements have closed.

• As part of this Offering the Corporation is expected to issue 9,272,000 Subscription Receipts and as part of the Cornerstone Private Placements the Corporation is expected to issue 23,791,824 Cornerstone Investors’ Subscription Receipts, each representing the right to receive one Common Share of the Corporation.

• Provided that each of the Cornerstone Private Placements has closed, the Underlying Common Shares will automatically be issued concurrently with the closing of the Proposed Acquisition.