Examples of Subscription Receipt Shares in a sentence
The Subscription Receipts are exchangeable for Subscription Receipt Shares and Subscription Receipt Warrants for no additional consideration upon satisfaction of the Escrow Release Conditions.
Finder’s Warrants The Finder’s Warrants will be payable by the Corporation to the Finders in connection with the issuance of the Subscription Receipt Shares and Subscription Receipt Warrants upon deemed exercise or exchange of the Subscription Receipts.
The distribution of the Subscription Receipt Shares upon the exercise of the Subscription Receipts will not result in any additional proceeds being received by the Company; however, the Escrowed Funds, less the Agent’s Commission will be released to the Company upon the occurrence of the Trigger Event being satisfied on or before the Subscription Receipt Deadline (as hereinafter defined).
There is no market through which the Subscription Receipts may be sold and none is expected to develop.Except in certain limited circumstances, no certificates representing the Subscription Receipt Shares or the Special Warrant Shares will be issued to purchasers in the Private Placement.
Specifically, each Finder will be entitled to purchase that number of Finder’s Shares equal to 8% of the number of Subscription Receipt Shares to be issued to holders of Subscription Receipts who were introduced by the Finder, such warrants to be exercisable at a price of $0.75 per share for a period of 24 months from issuance.
PLAN OF DISTRIBUTIONThis Prospectus qualifies the distribution of 22,480,000 Subscription Receipt Shares to be issued without additional payment upon the conversion or deemed conversion of 22,480,000 Subscription Receipts.
Includes 21,090,000 Subscription Receipt Shares are issuable upon the deemed exercise or exchange of the Subscription Receipts and 2,460,000 Special Warrant Shares issued upon the deemed exercise of the Special Warrants.
Upon conversion of the Subscription Receipts into Subscription Receipt Shares, holders of such Subscription Receipt Shares shall be entitled to all of the same rights as holders of Common Shares.
Mackenzie OsborneVancouver, BCDirector and Head of M&A January 23, 2019 Notes:(1) Based on 32,103,612 Common Shares issued and outstanding as of the date of this Prospectus.(2) Based on 55,653,612 Common Shares issued and outstanding after giving effect to the issuance of the Subscription Receipt Shares and the Special Warrant Shares.
Mackenzie OsborneVancouver, BCDirector and Head of M&A January 23, 2019 6,060,749(10.7%) Notes:(1) Based on 56,562,564 Common Shares issued and outstanding as of the date of this prospectus.(2) Based on 80,112,564 Common Shares issued and outstanding after giving effect to the issuance of the Subscription Receipt Shares and the Special Warrant Shares.(3) Members of the audit committee.