Warrant Indenture

Summary

This precedent is a warrant indenture that provides the holder with the right (but not the obligation) to acquire shares of the issuing Company (the issuer) during a specified period and at an exercise price set out in the interpretation section of the warrant indenture. This precedent includes practical guidance and drafting notes. An issuer that is a reporting issuer in one or more provinces may distribute warrants to the public that are qualified under a prospectus, and require the services of a warrant trustee or agent pursuant to a warrant indenture that will set out the terms and conditions relating to the handling of the warrant certificates in registered form, including through a common depository. This structure also facilitates the raising of capital from several investors and the trading of warrants on an exchange (in which case, users of this form must also ensure that the warrant indenture complies with the rules of any such exchange). A warrant is a security pursuant to ...