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Exercise |
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To put into action, practice, or force; to make use of something, such as a right or option. To exercise dominion over land is to openly indicate absolute possession and control. To exercise discretion is to choose between doing and not doing something, the decision being based on sound judgment. |
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? References in periodicals archive |
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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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