Examples of Endeavour Shares in a sentence
The 10-day VWAP of the Endeavour Shares at the close of trading on the TSX on the last trading day prior to the date of this Notice was Cdn.$6.0815 per Endeavour Share, which imputes a value of Cdn.$0.1566 per Cream Share.
Because the exchange ratio will not be adjusted to reflect any changes in the market value of Endeavour Shares, the market values of the Endeavour Shares and the Shares at the time of the take up of the Shares under the Offer may vary significantly from the values at the date of the Offer and Circular or the date that the Shareholders tender their Shares.
The Company has applied for the additional listing on the NYSE Amex of Endeavour Shares issuable in exchange for Shares in connection with the Share Election.
The Share Election — The exchange ratio for the Share Election is based upon the 10-day volume weighted average price (“VWAP”) of the Endeavour Shares at the close of trading on the Toronto Stock Exchange (“TSX”) on November 8, 2010, the date of the notice of change and extension pursuant to which the Shareholders were first notified of the proposed variations to the Offer, which average price was Cdn.$5.4363.
If the market price of Endeavour Shares declines, the value of the consideration in Endeavour Shares elected to be received by the Shareholders will decline as well.
The TSX has conditionally approved the listing on the TSX of the Endeavour Shares issuable in exchange for Shares in connection with the Share Election.
Shareholders intending to elect the Share Election should carefully consider the information included or incorporated herein by reference in this Notice and Endeavour’s historical consolidated financial statements and related notes thereto before making an investment decision for the Share Election to acquire Endeavour Shares under the Offer.
No fractional Endeavour Shares will be issued pursuant to any Share Election under the Offer and, if the aggregate number of Endeavour Shares to be issued to such Shareholder would result in a fraction of an Endeavour Share being issuable, the number of Endeavour Shares to be received by such Shareholder will be rounded down to the nearest whole number.
The 10-day VWAP of the Endeavour Shares at the close of trading on the TSX on the last trading day prior to the date of the Notice of Variation was Cdn$6.0815 per Endeavour Share, which imputes a value of Cdn.$0.1566 per Cream Share.