Broker Warrants. (i) The Corporation has all requisite corporate power and authority to issue the Broker Warrants and to enter into, execute and deliver and to carry out the obligations thereof under the Broker Warrant Certificates. All necessary corporate action has been taken by the Corporation to authorize the issue of the Broker Warrants in accordance with the terms and conditions hereof and, when issued, the Broker Warrants will be validly issued and to authorize the creation, execution, delivery and performance of the Broker Warrant Certificates and to observe and perform the provisions of the Broker Warrant Certificates in accordance with the provisions thereof including, without limitation, the issue of the Broker Shares for the consideration and upon the terms and conditions set forth in the Broker Warrant Certificates.
Broker Warrants. In addition to the commission payable to the Agents pursuant to subsection 7(a) hereof, as additional consideration for the services performed and to be performed by the Agents hereunder, the Corporation shall issue to the Agents or as the Agents may otherwise direct at the Closing Time Broker Warrants which entitle the holders thereof to acquire in the aggregate Common Shares equal in number to 4% of the number of Offered Securities sold, in form and substance satisfactory to the Agents.
Broker Warrants. Also at each Closing, the Company hereby agrees to deliver to the Placement Agents (or their designees), a warrant to purchase shares of the Issuer’s Common Stock equal to Eight Percent (8%) of the number of Securities sold in the Offering to investors introduced by them, which warrants shall have an initial exercise price of $5.00 per share of the Common Stock (“Brokers Warrants”) with a term of five (5) years from the date of each Closing of the Offering. To the extent permitted by applicable laws, all warrants shall permit unencumbered transfer to the Placement Agents’ employees and affiliates and the warrants may be issued directly to the Placement Agents’ employees and affiliates at the Placement Agents’ request. The Broker Cash Fee and the Broker Warrants are sometimes referred to collectively as the “Brokers Fees”.
Broker Warrants. Create and issue to the Underwriters, or as directed by the Underwriters, in the aggregate, a number of Broker Warrants equal to 7.0% of the number of Offered Securities sold under the Offering; and
Broker Warrants. (1) Each Broker Warrant will entitle the holder thereof to acquire, at a price of $1.38 per Broker Warrant, subject to adjustment as provided for in the Broker Warrant Certificate, one Common Share at any time from the Closing Date until 5:00 p.m. (Vancouver time) on the date that is 24 months from the Closing Date.
Broker Warrants. The Corporation will ensure that the Broker Warrants are duly and validly created, authorized and issued to the Agent. The Corporation will ensure that at all times prior to the expiry of the Broker Warrants, a sufficient number of Broker Warrant Shares are allotted and reserved for issuance upon the due exercise of the Broker Warrants and that, upon the due exercise of the Broker Warrants in accordance with the terms of the Broker Warrant Certificates (including payment of the exercise price therefor), the Broker Warrant Shares are duly and validly issued as fully paid and non- assessable Common Shares.
Broker Warrants issue purchase options entitling the syndicate to acquire in aggregate that number of securities as is equal to 6% of the number of securities sold pursuant to the Financing at an exercise price that is equal to the issue price of the Financing for a period of 24 months after the final closing date of the Financing.
Broker Warrants. The Broker Warrants (and underlying securities) have been duly and validly authorized and:
Broker Warrants. In addition to the Agent’s Fee payable to the Agent pursuant to subsection 8(a) above, as additional consideration for the services performed and to be performed by the Agent hereunder, the Corporation shall issue to the Agent or as the Agent may otherwise direct at the Closing Time the Broker Warrants, in form and substance satisfactory to the Agent.
Broker Warrants. In addition to the Cash Fee, as additional consideration for the services performed and to be performed by the Agents hereunder, the Corporation shall issue to the Agents or as the Agents may otherwise direct at the Closing Time on the Closing Date the Broker Warrants, in form and substance satisfactory to the Agents, acting reasonably.
