Share Capitalization. (a) The authorized capital of Source consists of 1,000,000 shares of Preferred Stock, U.S.$0.001 par value, 50,000,000 Source Common Shares, and an unlimited number of shares of treasury stock. (b) As at the date hereof: (i) 9,945,690 Source Common Shares are issued and outstanding; (ii) no shares of Preferred Stock are issued and outstanding; and (iii) there are no other outstanding shares in the capital of Source. (c) All issued and outstanding shares of Source have been validly authorized and issued and are fully paid and non-assessable. The Source Common Shares are listed and posted for trading on NASDAQ, but not on any other exchange or stock quotation and trading system.
Appears in 2 contracts
Sources: Arrangement Agreement (Source Media Inc), Arrangement Agreement (Source Media Inc)