Examples of Final Exchange Notice in a sentence
No stock option granted pursuant to this section may be exercised before the Completion of the Qualifying Transaction unless the optionee agrees in writing to deposit the shares acquired into escrow until the issuance of the Final Exchange Notice.
Under the requirements of the Alberta Securities Commission and the TSX Venture Exchange, 2,333,334 Common shares are subject to a three year Escrow Agreement and will be released upon the written consent of the Alberta Securities Commission as to 10% thereof on the completion of the Company's Qualifying Transaction and as to 15% thereof on each of 6, 12, 18, 24, 30 and 36 months following the Final Exchange Notice.
Subject to subsection 11.9, all securities which will be held by Principals of the Resulting Issuer as at the date of the Final Exchange Notice are required to be escrowed pursuant to Policy 5.4 - Escrow and Vendor Consideration.
Provided that the final documentation is satisfactory, the Exchange issues the Final Exchange Notice that evidences final Exchange Acceptance and confirms Completion of the Qualifying Transaction.
The Final Exchange Notice also indicates that the Resulting Issuer will not be considered a CPC, will not trade with the designation “C” and will commence trading in two trading days under any new name and any new stock symbol.
Jenex will be considered to have completed its Qualifying Transaction on the date of the meeting of security holders at which the Qualifying Transaction was approved, provided that all post-meeting documentation is subsequently filed with the CDNX and the CDNX has issued a Bulletin or Final Exchange Notice confirming that the Qualifying Transaction has been completed and that Jenex is no longer considered a capital pool company.
The Escrow Agreement provides that the escrowed shares will be released, in six equal tranches, at six month intervals from February 13, 2001, being the date of issuance of the Final Exchange Notice with respect to the listing of the Company’s shares on the TSX Venture Exchange.
Compositionality is an important and desirable property for scaling a securityanalysis to real-world systems.
The amended definition reads: ‘Seed Share Escrow Agreement’ means an escrow agreement in Form 2F as modified by Schedule B(1) which provides generally, that initial releases from escrow commence on the date of the Final Exchange Notice, and which provides that in the event an Exchange Notice is issued delisting the CPC, all Seed Shares shall be forfeited and cancelled ten years after the Notice date.
Neither review of any Qualifying Transaction and supporting documents, acceptance of any CPC Information Circular or the issuance of a Final Exchange Notice should be construed as assurance that the CPC or any Resulting Issuer is in compliance with applicable Securities Laws, including use of any Prospectus or registration exemption or the adequacy of disclosure in any take-over bid circular, offering memorandum or other disclosure document.