Examples of Valdy Shares in a sentence
Other than as set forth in the Valdy Public Disclosure Record, there are no contracts or other transactions currently in place between Valdy or its subsidiaries, on the one hand, and: (i) any officer or director of Valdy or its subsidiaries; (ii) any holder of record or, to the knowledge of Valdy, beneficial owner of 10% or more of the Valdy Shares; and (iii) any affiliate or associate of any such, officer, director, holder of record or beneficial owner, on the other hand.
There are no shareholders’ agreements, pooling agreements, voting trusts or other similar agreements with respect to the ownership or voting of any of the Valdy Shares.
In connection with the Transaction, the Company has entered into a finder’s fee agreement with Peter Hough, pursuant to which the Company has agreed to issue 650,000 Valdy Shares (approximately 238,386 Valdy Shares on a post-Consolidation basis) to Mr. Hough on Closing subject to the approval of the Exchange.
In connection with the Transaction, the Company will change its name to The INX Digital Company Inc., or such other name as is determined by INX.The completion of the Transaction is subject to the satisfaction of various conditions as are standard for a transaction of this nature, including delisting of the Valdy Shares from the Exchange.
Immediately prior to the Transaction, the outstanding common shares of Valdy (each, a “Valdy Share”), will be consolidated pursuant to the terms of the Agreement (the “Consolidation”) so that no more than 5,000,000 Valdy Shares will be issued and outstanding upon the closing of the Transaction.
The Valdy Shares are listed and posted for trading on the Exchange and Valdy is in compliance in all material respects with the rules and policies of the Exchange.
AND WHEREAS following discussions with the TSXV, Xxxxx has determined that it will not be able to have the Securities Exchange (as defined below) constitute a Qualifying Transaction and Valdy will seek a de-listing of the Valdy Shares (as defined below) from trading on the TSXV.
AND WHEREAS in connection with the Securities Exchange, but following the de-listing of the Valdy Shares from trading on the TSXV, Valdy intends to seek a listing for the Valdy Shares on a Recognized Exchange (as defined below).
Proposed transaction (continued) The completion of the Transaction is subject to the satisfaction of various conditions as are standard for a transaction of this nature, including delisting of the Valdy Shares from the Exchange.
Prior to completion of the Transaction, the Valdy Shares were consolidated on the basis of 2.726667 pre- consolidation Valdy Shares for one-post consolidation Valdy Share.