2245% of the number of shares underlying such component; and, assuming the Company has not previously elected prepayment with respect to such component (or have subsequently repaid such prepayment), the forward counterparty will pay the Company an amount of cash equal to the forward floor price, multiplied by the number of common shares
underlying such component.
The Sputnik Group acquired the common shares
through the facilities of the Toronto Stock Exchange for investment purposes, and may acquire further common shares
, or dispose of their holdings of common shares
both as investment conditions warrant.
As a result, the 12,000,000 Cannasat Common Shares
were consolidated and converted into 23,049,390 Amalco Common Shares
The common shares
and the warrants as well as the common shares
underlying the warrants and the compensation options are subject to a four-month hold period under applicable securities laws.
At present, Cannasat has 12,000,000 Common Shares
and 9,449,238 Class A Shares issued and outstanding.
As a result, he will directly and indirectly own 6,152,336 common shares
compared to 568,000 common shares
and his ownership will increase to 3.
Including the titles issued with this second closing, the Metanor's capital is composed of 19,142,598 common shares
, 7,949,467 common share
purchase warrants, 491,600 broker warrants (including 187,500 broker warrants to subscribe for A Units).
SelectComm currently has 100 common shares
issued and outstanding.
Pursuant to the terms of the Business Combination: (i) the holders of the Newco common shares
will receive one common share
of Amalco (the "Amalco Common Shares
") with a deemed value of $0.
The common shares
, the flow through shares and the warrants comprised in the Units A and B as well as the underlying common shares
to the warrants will be subject to a resale restriction for a period of 4 months and 1 day following the closing date.
TSX:GDS) intends to purchase a maximum of 765,799 of its Common shares
, being five (5%) percent of the 15,315,986 currently issued and outstanding Common shares
After the Completion of the financing the Company will have 80,711,257 common shares