FC Financing definition
FC Financing means the following private placements closed in July, 2006: (i) 2,500,000 units of FC at a price of $1.00 per unit, each unit consisting of one FC Share and one share purchase warrant entitling the holder thereof to purchase an additional FC Share for a period of 18 months following the closing of the private placement at a price of $1.00 per share; and (ii) 2,500 units of FC at a price of $1,000 per unit, each unit consisting of one 8% convertible note in the principal amount of $1,000 and one share purchase warrant entitling the holder thereof to purchase an additional 1,000 FC Shares for a period of 18 months following the closing of the private placement at a price of $1.00 per share.
Examples of FC Financing in a sentence
FC Financing is the direct and beneficial owner and holder of all of the issued and outstanding shares of Capital Stock of FC Licensing.
Fieldcrest is the direct and beneficial owner and holder of all of the issued and outstanding shares of Capital Stock of Encee, FCC Canada, FC Financing, FCI Corporate, Transportation and FCI Operations.