If Datang fully exercises its pre-emptive right
pursuant to the Datang Subscription Agreement, independent Shareholders' and necessary governmental approvals are successfully obtained, the maximum gross proceeds of the potential Datang Further Subscription will be approximately HK$864.
00 per share, pursuant to a pre-emptive right
granted by Duluth to Antofagasta pursuant to the January 14, 2010 private placement, which gives Antofagasta the right to participate under certain circumstances in future issuances of common shares of Duluth.
The pre-emptive right
is personal to Great Basin Gold and
Any exercise by Datang of its pre-emptive right
to subscribe for the Datang Pre-emptive Securities in connection with the issue of the Subscription Shares, the Further Bonds and any Country Hill Further Subscription will be at a price equivalent to the Subscription Price (in the case of the Datang Pre-emptive Shares) or the issue price of the Further Bonds (in the case of the Datang Pre-emptive Bonds) and conditional on the obtaining of the necessary governmental approval and the obtaining of the approval of the independent Shareholders for any such Datang Further Subscription.
exercise its pre-emptive right
in accordance with the Joint Operating
Reference is also made to the Company's announcement dated 18 April 2011 in relation to the Country Hill Subscription Agreement, pursuant to which, in case of any issue of new Shares or securities convertible into Shares by the Company, Country Hill has a pre-emptive right
to purchase a pro rata portion of such new securities being issued and the Company is required to notify Country Hill of such proposed issue.
SIA had previously hoped to break into the Australian market by purchasing New Corp Ltd`s 50% stake in Ansett Australia, but this plan was thwarted when Air New Zealand exercised its pre-emptive right
to block the sale in mid-1999.
1) PROPOSED ISSUE OF US$200 MILLION ZERO COUPON CONVERTIBLE BONDS DUE 2018 (2) PRE-EMPTIVE RIGHT
OF DATANG AND (3) PRE-EMPTIVE RIGHT
OF COUNTRY HILL
ONGC Videsh Ltd (OVL) has exercised its pre-emptive right
to stop a Chinese company from purchasing a stake in the Brazilian oilfields.
The bank said the number of D series shares attributable to one pre-emptive right
Pursuant to the terms of the subscription, as long as Santa Elina Mines owns at least 10% of the issued and outstanding common shares of Aura Gold, Santa Elina Mines has a pre-emptive right
to participate in any and all equity financings on a pro rata basis to its non-diluted share ownership position as at the effective date of any such equity financing.
50 per share, without any pre-emptive right
of subscription for existing shareholders and to reserve the same number of ordinary shares for issuance upon exercise thereof, all in compliance with the procedures stated in Article 3K of the Company's Articles of Association.