Common use of Warrants and exercise of Warrants Clause in Contracts

Warrants and exercise of Warrants. The Warrants forming part of the post-Forward Split Units will be registered in the name of the Subscriber and will be non-transferable, and each such whole Warrant will entitle the Subscriber to purchase one additional post-Forward Split common share of the Company (each a "Warrant Share"), for the period commencing upon the date of issuance of the within Units by the Board and ending at 5:00 p.m. (Vancouver, British Columbia, time) on the day which is nine months from the date of issuance of the within post-Forward Split Units by the Board (such time period being the "Warrant Exercise Period" herein), at an exercise price of U.S. $1.00 per post-Forward Split Warrant Share during the Warrant Exercise Period.

Warrants and exercise of Warrants. The Warrants forming part of the post-Forward Split Units will be registered in the name of the Subscriber and will be non-transferable, and each such whole Warrant will entitle the Subscriber to purchase one additional post-Forward Split common share of the Company (each a "Warrant Share"), for the period commencing upon the date of issuance of the within Units by the Board and ending at 5:00 p.m. (Vancouver, British Columbia, time) on the day which is nine six months from the date of issuance of the within post-Forward Split Units by the Board (such time period being the "Warrant Exercise Period" herein), at an exercise price of U.S. $1.00 0.50 per post-Forward Split Warrant Share during the Warrant Exercise Period.