Each Unit is comprised of one common share of the Company (a 'Common Share') and one-half of one Common Share purchase warrant (each whole Common Share warrant, a 'Warrant'), with each Warrant exercisable into one Common Share of the Company at a price of $0.40 for a period of thirty (30) months from the Closing Date.
At the same time ministers will abolish physical 'bearer shares', which belong to whoever owns the share warrant and which can be transferred untraceably without the need for the owner's identity to be listed in the company's register of members.
UK-based Plessey Semiconductors Limited said today that it has entered into a product licensing agreement with Intel Corporation (Nasdaq:INTC) and a share warrant agreement with Intel Capital.
Each Unit will consist of one common share of the Company (a 'Common Share') and one-half of one Common Share purchase warrant (each whole Common Share warrant, a 'Warrant'), with each Warrant exercisable into one Common Share of the Company at a price of $0.40 for a period of 30 months from the Closing Date (as defined below).
The Series A common share warrant will be exercisable into, in the aggregate, 1,122,076 common shares at an exercise price of USD2.65 and have a term of exercise equal to 5 years.
Each unit will comprise one ordinary Synchronica share, plus one ordinary share warrant, exercisable at CAD0.40 per share, at any time within two years of issue.
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