RTO Financing definition
RTO Financing means the: (i) brokered "best efforts" private placement offering and non-brokered private placement offering of 778 BC Subscription Receipts at a price of $2.60 per 778 BC Subscription Receipt for aggregate gross proceeds of $31,033,230.80, inclusive of gross proceeds raised from the sale of Minto Flow-Through Shares and 778 BC Common Shares, pursuant to the terms and conditions of the Agency Agreement, which closed on September 21, 2021 (tranche 1) and on October 22, 2021 (tranche 2); (ii) brokered "best efforts" private placement offering and non-brokered private placement offering of 2,459,906 Minto Flow-Through Shares at a price of $2.60 per Minto Flow-Through Share pursuant to the terms and conditions of the Agency Agreement, which closed immediately prior to the completion of the RTO Transaction; and (iii) non-brokered private placement offering of 3,173,076 778 BC Common Shares at a price of $2.60 per 778 BC Common Share in accordance the terms and conditions of the Agency Agreement, which closed immediately prior to the completion of the RTO Transaction.
Examples of RTO Financing in a sentence
Additionally, the agent, if any, in the RTO Financing may require resale restrictions to be placed on the SMS Consideration Securities, to which the Parties hereby agree.