For the individual who is able to draw down
at will and treat the pension fund as a wastingasset, these observations may beirrelevant.
Azimuth may, during the period commencing on January 26, 2006 and ending 40 days thereafter (distribution period), distribute the common shares acquired from Crystallex pursuant to the draw down
to purchasers through the facilities of the Toronto Stock Exchange (TSX purchasers).
A pricing supplement setting out, among other things, the number of shares issued to Azimuth pursuant to the exercise of the draw down
and the purchase price per share will be filed on SEDAR within two business days after the end of the draw down
In addition to repayment of the draw down
line of credit plus interest, CLX also holds a 49% non-dilutive position in eStrategy Solutions, which ensures ongoing cash distributions to CLX as eStrategy Solutions continues to perform and grow revenues.
Although not required to draw down
on the facility, if Poseidis chooses to do so and meets certain requirements, including effectiveness of the registration statement, then the SEDA requires Cornell to buy the stock at 96% of the lowest closing bid price of the Company's common stock as quoted on the Over-the-Counter Bulletin Board or other principal market on which the Company's common stock is traded for the five days immediately following the date the Company delivers a notice requiring Cornell to purchase the shares under the SEDA.
The funding is a draw down
from the $7,000,000 in funding the company secured earlier in the year.
Permatech will be able to draw down
$600,000 in the first 30 days after closing, and up to $260,000 in each additional 90-day period as required.
Such forward-looking statements include statements about IOMAI's ability to draw down
the full amount of the award, to stimulate stronger immune responses, TCI's potential importance for national health and Biodefense applications, and the potential success in using TCI for protection against influenza.
Once all of the program requirements have been met and individual savings goals have been reached, participants will be ready to draw down
their savings and matching dollars.
Hollinger will be able to draw down
on these commitments if, and only if, the Common Share Approvals have been obtained on or prior to March 31, 2005.