FT Unit definition

FT Unit means “flow through” units issued for $2.31 per unit as part of the Bought Deal Private Placement, with each unit being comprised of one “flow through” Common Share and one half of one Bought Deal Private Placement Warrant;

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FT Unit has the meaning ascribed thereto in the first paragraph of this Agreement.

FT Unit means one FT Share and one-half of an FT Warrant;

Examples of FT Unit in a sentence

• Each FT Unit will be priced at $1.00 per FT Unit and will consist of one flow-through common share and one-half of one transferable non-flow-through share purchase warrant, each whole warrant exercisable for a period of two years at a price of $1.75 per share.

• Each FT Unit consists of a flow- through common share at $0.25 per share and a half non-flow-through share purchase Warrant, each Warrant entitling the holder to purchase an additional share at $0.30 per common share.

• All fractions of an FT Unit Share or Warrant will be rounded down and the Corporation shall not pay any amounts to the holder in satisfaction of the right to otherwise have received a fraction of an FT Unit Share or Warrant.

• Upon the Company becoming aware of the fact that an amount purportedly renounced pursuant to the FT Unit Subscription Agreements exceeds the amount that it is entitled to renounce under the Tax Act, the Company will notify the FT Purchaser and comply with subsection 66(12.73) of the Tax Act, including the filing with the CRA of the statements contemplated therein, a copy of which will be sent concurrently to the FT Purchaser.

• The Contractor shall consult with the Client prior to disrupting any energy systems.

• The Company shall file with the CRA, within the time prescribed by subsection 66(12.68) of the Tax Act, the forms prescribed for the purposes of such legislation together with a copy of the FT Unit Subscription Agreements or any “selling instrument” contemplated by such legislation and shall forthwith following such filing provide to the FT Purchasers a copy of such form certified by an officer of the Company.

• The Warrant Shares have been duly and validly authorized for issuance and, when issued, delivered and paid for upon the due exercise of the FT Unit Warrants and the Unit Warrants in accordance with the terms of the Warrant Indentures, will be validly issued as fully paid and non-assessable Common Shares.

• For certainty, the foregoing indemnity shall have no force or effect and the Subscribers shall not have any recourse or rights of action to the extent that such indemnity would otherwise cause the FT Unit Shares to be “prescribed shares” within the meaning of section 6202.1 of the regulations to the Tax Act.

• The Company shall not be liable or responsible for any breach of any covenant or representation given in this Agreement if the FT Unit Shares are “prescribed shares” under subsection 6202.1(1) of the regulations to the Tax Act as a result of the Follow-On Transactions.

• The Follow-On Transactions may or may not affect whether the FT Unit Shares purchased by Subscribers under the Subscription Agreement are “prescribed shares” under subsection 6202.1(1) of the regulations to the Tax Act.

More Definitions of FT Unit

FT Unit means a unit consisting of one FT Share and one Warrant or one-half of a Warrant; “MD&A” means Management’s Discussion and Analysis;

FT Unit has the meaning given to it above;

FT Unit means a unit of the Corporation to be offered for sale by the Agent under the terms and conditions of this Agreement, each FT Unit consisting of (a) one FT Share and (b) one-half of one FT Warrant, and “FT Units” means more than one FT Unit;

FT Unit means a flow-through unit of RSG sold at a price of $0.75 per FT Unit pursuant to the Concurrent Financing, with each FT Unit consisting of one flow-through RSG Share and RSG Warrant.

FT Unit means each unit comprising one common share, to be issued on a flow-through basis pursuant to the Income Tax Act (Canada), and one-half of one Warrant to be issued on a non-flow-through basis;