now holds an aggregate of 10,630,645 common shares of the Corporation, representing 14.
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.
After completion of the amalgamation, the securityholders of Cannasat will receive an aggregate of 74,347,715 Amalco Common Shares (assuming the maximum Cannasat private placement is completed), Amalco replacement warrants to acquire 9,405,000 Amalco Common Shares and Amalco replacement options to acquire 4,575,000 Amalco Common Shares.
In accordance with the policies of the Exchange, if the Cannasat private placement is in an amount less than $2,362,680 then the number of Amalco Common Shares to be issued to the holders of the Cannasat Common Shares shall be reduced in accordance with the policies of the Exchange so that the total number of surplus securities issued and outstanding immediately following the amalgamation equals 50% of the total number of Amalco Common Shares.
Each Ribbon Unit will be comprised of one (1) common share
and one (1) non-transferable common share
purchase warrant (the "Financing Warrant").
Direct IT common shares
are halted from trading and it is proposed that the trading halt will remain in effect until final shareholder approval and all other closing conditions are met.
Following this closing, the share capital of Metanor is now 18,298,598 issued and outstanding common shares
, 7,547,467 common share
purchase warrants, 416,600 broker warrants (including 113,100 broker warrants permitting to subscribe to Units A).
Upon full physical settlement of any component of a forward sale agreement, the Company will issue to the forward counterparty a number of common shares
collectively, the "Drake Group") own and control 484,650 common shares
of Innova representing approximately 1.
Prior to the Amalgamation, Cannasat had 12,000,000 Common Shares
and 10,725,575 Class A Shares issued and outstanding.
Debentures holder will receive about nine (9) common shares
of the Company for each one (1) dollar in principal amount and accrued interest of debentures owned.
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