Each Special Warrant entitles the shareholders of record as at September 20, 2004, without the payment of any additional consideration, to acquire one (1) common share in the capital of PEVC held by Lions.
PEVC will use its best efforts to obtain, from the Ontario Securities Commission, a receipt for a final prospectus qualifying for distribution the common shares of PEVC to be distributed pursuant to the exercise of the Special Warrants (the "Receipt").
Such hold period(s) will expire in a particular jurisdiction 12 months from the date PEVC becomes a reporting issuer in that jurisdiction.
New analysis from Frost & Sullivan s Private Equity and Venture Capital Investments in Global Healthcare Industry reveals the volume of PEVC deals decreased from 2,721 in 2011 to 1,453 in 2013.
The average value of global PEVC deals in healthcare does not quite follow the same trend observed in the volume of PEVC deals between 2011 and 2013.
Further, the largest share of PEVC deal activity is held by the U.