Examples of JED Shares in a sentence
A total of 3,852,956 JED Shares were issued in exchange for the outstanding Caribou Shares.
The persons named in the enclosed form of proxy will, if the form of proxy is duly completed and deposited on a timely basis, vote all JED Shares in respect of which they are appointed to act on any ballot that may be called for, and they will vote such JED Shares in accordance with any specification made therein.
Under the CCAA Arrangement, creditors of Caribou ranking in priority behind the major secured lender, whose position JED acquired on June 8, 2007, received Cdn$375,000 (US$351,551) plus 5 million JED Shares (“JED Shares”).
The intercompany debt as well as other intercompany amounts of $195,528 have been eliminated.(d)In contemplation of the acquisition, under the Plan of Arrangement under the Companies’ Creditors Arrangement Act (Canada) (the “CCAA Plan”), JED has settled the payables of the creditors of Caribou ranking in priority behind the major secured creditor for cash consideration of CDN$375,000 (US$326,159) plus the issuance of 5 million JED Shares valued at US$10,566,286 totalling US$10,892,445.
The first unit was to have “a battery of five of the latest automatic bottle machines in connection with the improved glass furnaces.” A second building was to have “another battery of five of the automatic machines .
In the absence of any such specification by a shareholder, the persons named in the enclosed form of proxy will vote the JED Shares in favour of the resolutions set forth herein.
Under the CCAA Arrangement, creditors of Caribou ranking in priority behind the major secured lendor, whose position JED acquired on June 8, 2007, received Cdn$375,000 (approximately US$351,551) plus 5 million JED Shares.