Post-Consolidation Shares definition
Examples of Post-Consolidation Shares in a sentence
No fractional Fieldex Post-Consolidation Shares or Amalco Shares will be issued or delivered to any former ▇▇▇▇▇▇▇▇ Shareholders or the former Subco Shareholder otherwise entitled thereto, if any.
On the Effective Date the Target Shareholders (other than Dissenting Shareholders who are ultimately entitled to be paid fair value for their Dissenting Target Shares) shall be deemed to be the registered holders of the Scorp Post-Consolidation Shares to which they are entitled hereunder.
Karoo is not obligated to file and has no present intention of filing with the SEC or with any state securities administrator any registration statement in respect of resales of the Karoo Post-Consolidation Shares in the United States.
The Karoo Post-Consolidation Shares to be issued pursuant to the Amalgamation will, upon issue, be issued as fully paid and non-assessable shares and, subject to the approval of the TSXV, listed for trading on the TSXV.
No fractional CCK Post-Consolidation Shares or Amalco Shares will be issued or delivered to any former XTRX Shareholders or the former Subco Shareholder otherwise entitled thereto, if any.
Securities Act The Karoo Post-Consolidation Shares issued to the Former Bruin Point Shareholders resident in or subject to the laws of the United States in connection with the Amalgamation will be “restricted securities” within the meaning of Rule 144 of the 1933 Act.
Immediately following the Effective Date, the Transfer Agent shall, as soon as practicable, issue to such Target Shareholder certificates representing the number of ▇▇▇▇▇ Post-Consolidation Shares to which such holder is entitled.
In the event that a Dissenting Shareholder fails to perfect or effectively withdraws the Dissenting Shareholder’s claim under Section 238 of the BCBCA or otherwise forfeits the Dissenting Shareholder’s right to make a claim under Section 238 of the BCBCA, the Dissenting Shareholder’s Dissenting ▇▇▇▇▇▇▇▇ Shares shall thereupon be deemed to have been exchanged as of the Effective Date for Fieldex Post-Consolidation Shares on the basis set forth in section 2.1 hereof.
With respect to any Target Shareholder which has not previously taken delivery of certificates representing such holder’s Target Shares, the ▇▇▇▇▇ Post-Consolidation shall cause the Transfer Agent to, forthwith following the Effective Time, issue to such Target Shareholder certificates representing the number of ▇▇▇▇▇ Post-Consolidation Shares to which such holder is entitled without any further action on the part of such Target Shareholder.
Immediately before the Time of Closing or concurrent with the Time of Closing, Explorex will complete a private placement of Explorex Post-Consolidation Shares or securities convertible into Explorex Post-Consolidation Shares, such as subscription receipts, as the case may be, as agreed by Raffles and Explorex acting reasonably, for estimated gross proceeds of $20,000,000 (the “Concurrent Financing”) at a price of $5.00 per Explorex Post- Consolidation Share.