Subco definition
Examples of Subco in a sentence
Subco was formed solely for the purpose of effecting the Amalgamation, has nominal assets and no liabilities and has never conducted business activities.
SEEM, being the sole Subco Shareholder and having full notice and knowledge of the Dissent Rights and the details of the Amalgamation, hereby waives its Dissent Rights in respect of the Amalgamation in accordance with Section 239 of the BCBCA.
The parties shall use their commercially reasonable efforts to cause the Listing Statement and such other documents, as applicable, to be filed with the CSE no later than June 30, 2025 unless otherwise agreed to by the parties; provided that SEEM delivers to ROV all requisite information of SEEM and Subco, financial or otherwise, and any other requisite materials for inclusion in the Listing Statement no later than July 31, 2025 unless otherwise agreed to by the parties.
The Subco Shareholder may exercise rights of dissent (the “Dissent Rights”) in respect of the Amalgamation pursuant to, in the manner set forth in, and in strict compliance with Section 242 of the BCBCA.
SEEM is the registered and beneficial owner of all the issued and outstanding shares of Subco and E79 Resources, and E79 Resources is the registered and beneficial owner of all the issued and outstanding shares of E79 Services.