Exhibit 5.1
| | |
| | Bennett Jones LLP 4500 Bankers Hall East, 855 2nd Street SW Calgary, Alberta, T2P 4K7 Canada T: 403.298.3100 F: 403.265.7219 |
[●], 2023
DIRTT Environmental Solutions Ltd.
7303 – 30th Street SE
Calgary, Alberta T2C 1N6
Dear Sirs/Mesdames:
Re: | DIRTT Environmental Solutions Ltd. – Rights Offering |
Introduction
We have acted as counsel in Alberta to DIRTT Environmental Solutions Ltd., an Alberta corporation (the “Company”), in connection with the proposed distribution of transferable subscription rights (the “Rights”) to purchase up to an aggregate of [●] common shares in the capital of the Company (the “Rights Shares”) to holders of common shares of the Company (the “Rights Offering”). The Rights and the Rights Shares will be issued in the United States pursuant to a prospectus (as amended through the date hereof including all exhibits thereto) (the “Prospectus”) included in the Registration Statement on Form S-1 (Registration No. 333-275172) (the “Registration Statement”), initially filed with the U.S. Securities and Exchange Commission (the “Commission”) on October 26, 2023. All capitalized terms not defined in this opinion letter shall have the terms ascribed thereto in the Prospectus. This opinion is being delivered in connection with the Registration Statement, to which this opinion appears as an Exhibit.
As such counsel and for purposes of our opinion set forth below, we have examined and relied upon originals or copies, certified or otherwise identified to our satisfaction, of such documents, resolutions, certificates and other instruments of the Company and corporate records furnished to us by the Company, and have reviewed certificates of public officials, statutes, records and such other instruments and documents as we have deemed necessary or appropriate as a basis for the opinion set forth below, including, without limitation:
| i. | the Registration Statement; |
| iii. | a certificate of status dated [●], 2023 in respect of the Company issued pursuant to the Business Corporations Act (Alberta); |
| iv. | a certificate of an officer of the Company dated [●], 2023 on which we have relied as to various matters of fact expressed therein that we have not verified independently; and |
| v. | resolutions adopted by the board of directors of the Company, dated [●], 2023 relating to the proposed issuance of the Rights and the Rights Shares, the Registration Statement and other matters related thereto, as certified by an officer of the Company as at [●], 2023. |
In addition, we have considered such questions of law, examined such other documents and conducted such investigations as we have considered necessary to enable us to express the opinions set forth herein.