Common use of Exercise of Special Warrants Clause in Contracts

Exercise of Special Warrants. The purchaser will be entitled to exercise the Special Warrants for Common Shares at any time or prior to 5:00 p.m. (Toronto time) on the earlier of (I) the sixth business day following the date that a receipt is issued for the Prospectus by the Ontario Securities Commission and (ii) o, 1997 (the "Expiry Date"). Any Special Warrants not exercised by the Expiry Date shall be deemed to be exercised by the holder thereof, without further action on the holder's part immediately prior thereto.