Examples of CPC Escrow Shares in a sentence
These shares will be released according to the following schedules: 10% upon completion of the Company's Qualifying Transaction, which was November 12, 2012, and an additional 15% of the CPC Escrow Shares are to be released every six months thereafter until all CPC Escrow Shares have been released.
The CPC Escrow Shares were initially to be released as follows: 10% of the CPC Escrow Shares are to be released upon the date of issuance of the Final Exchange Bulletin respecting the QT (17 May 2016) and an additional 15% of the CPC Escrow Shares are to be released every 6 months thereafter until all CPC Escrow Shares have been released (36 months following the date of issuance of the Final Exchange Bulletin).
CPC Escrow Shares – On May 25, 2010, 2,180,000 common shares were placed in escrow under a CPC Escrow Agreement.
The TSXV has conditionally accepted the Proposed Qualifying Transaction subject to the Corporation fulfilling all of the requirements of the TSXV on or before January 12, 2021. Resulting Issuer Escrow Securities and CPC Escrow Shares An aggregate of 680,000 Resulting Issuer Options and 20,000 Resulting Issuer Common Shares will be placed in escrow pursuant to the Resulting Issuer Escrow Agreement and will be released in accordance with the terms thereof.
Of this amount, 122,745,332 common shares were issued but subject to future release under escrow agreements as described below.Escrow sharesEscrow shares prior to completion of the Qualifying Transaction ("QT")Prior to the Qualifying Transaction, there were 1,415,000 common shares ("CPC Escrow Shares") held in escrow pursuant to a CPC escrow agreement ("CPC Escrow Agreement").