GREY:FOGCF - Post by User
Post by
frewil11on Feb 09, 2021 12:27pm
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Post# 32513733
1 SHARE FOR EVERY 15 YOU HAVE OF NEW COMPANY .
1 SHARE FOR EVERY 15 YOU HAVE OF NEW COMPANY . The Consolidation
Immediately prior to the completion of the Transaction, it is a condition that the Company consolidate its issued and outstanding share capital on the basis of fifteen (15) pre-consolidation FogChain Shares for one (1) post-consolidation FogChain Share (the " Consolidation "). The FogChain Shares to be issued to Avisa in connection with the Transaction will be issued on a post-Consolidation basis.
The FogChain Shares issued in connection with the Transaction may be subject to escrow conditions and/or resale restrictions as required by applicable securities laws and the policies of the CSE.