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exercise |
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Exercise An action by a stockholder taking advantage of a privilege offered by a company or other financial institution. This includes warrants, options, and other exotic financial instruments. Notes: When you exercise your stock option, you "trade in" your options for the actual stock.Exercise To implement the right of the holder of an option to buy (in the case of a call) or sell (in the case of a put) the underlying security.
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Each Agents' Option issued in connection with the flow-through units is exercisable for one year from closing and entitles the holder to purchase one unit of the Issuer at a price of $0. Each whole common share purchase warrant is exercisable for one Columbia common share at $0. Pursuant to the amendment to the Warrants, the holder will be entitled on the Exercisable Date (as defined below) to purchase an aggregate of 12,250,000 common shares in the capital of the Corporation at a purchase price of US$4. |
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