Examples of Standby Purchasers in a sentence
Any notice delivered to the Standby Purchasers as aforesaid will contain reasonable details of the demand, request, inquiry, order or ruling in question.
Assuming the Standby Purchasers take up the entire Standby Commitment to result in 100% participation in the Rights Offering and.
Under the terms of the standby purchase agreement (the "Standby Purchase Agreement") between the Company and the Standby Purchasers, the Standby Purchasers agreed to subscribe for a total of 40,906,078 additional Common Shares, representing all Common Shares not otherwise subscribed for by rights holders, at a price of CAD 0.10 per share (the "Standby Purchase").
Pursuant to the Standby Purchase Agreement the Standby Purchasers will subscribe for all common shares offered under the rights offering that are not otherwise purchased under the Basic Subscription Privilege and the Additional Subscription Privilege (the “Standby Commitment”), provided that the aggregate amount of the Standby Purchasers’ Standby Commitment shall not exceed $500,000.
In addition on February 17, 2015 the Company issued a further aggregate of 14,569,684 Common Shares to the Standby Purchasers in respect of the guarantee fee, as defined under the standby purchase agreement.