Performance Warrants means the performance warrants of the Corporation which expire on January 31, 2025, with each performance warrant providing the right to purchase one Common Share at a price of $3.00 per Common Share.

Performance Warrants means those warrants specified as Performance Warrants issuable pursuant to Purchase Agreement.

Performance Warrants means the performance warrants issued to directors, officers, employees and consultants of the Company, no further awards of which are to be granted since the closing of the IPO. Each whole Performance Warrant is exercisable for one-fifth of a post-consolidation Common Share upon the payment of the applicable exercise price.

Examples of Performance Warrants in a sentence

On December 7, 2021, in connection with the closing of the public equity issue, the Financing Condition governing the exercise of the Performance Warrants was met.
The Performance Warrants have a term of 24 months and are exercisable at $0.40 CAD per share for the first 12 months from the closing date, and $0.50 CAD per share if exercised in the second 12-month period.
The Performance Warrants are subject to a financing condition such that they will not be exercisable unless an aggregate of $2 million CAD is raised via an equity financing or series of equity financings undertaken by and for the Company (the “Financing Condition”).
The Performance Warrants were recognized under share-based payments for the year ended August 31, 2021 and are not a part of the WestBlock purchase price.

More Definitions of Performance Warrants

Performance Warrants means performance warrants to purchase Common Shares issued to certain directors, officers and employees of the Company.

Performance Warrants has the meaning ascribed to such term in Section 3.6(a) hereof;

Performance Warrants shall have the meaning set forth in the first -------------------- WHEREAS clause hereof.

Performance Warrants means 19,000,000 performance warrants to acquire up to 19,000,000 Common Shares in accordance with their terms.

Performance Warrants means the 6,650,000 non-transferable common share purchase warrants issued by the Company to Daniel Beck and Nelson Ijih as consideration for their contribution of certain intellectual property to the Company, each such warrant entitling the holder to acquire one (1) Share at a price of $0.05 per warrant until February 1, 2023, provided certain milestones are met;

Performance Warrants means those performance warrants for 61,111 -------------------- shares of Stock issued on December 30, 1994 to the Purchasers (as defined below).

Performance Warrants means the non-transferable, divisible warrants to purchase the Company's Common Stock that are issued at the time that certain minimum funding levels are achieved, as are more fully defined in Section 5.3(f), below.