The Board proposes to reduce the number of Common Shares of the Company. In order to increase its
flexibility with respect to potential business transactions, including any equity financings, if determined by the Company to be necessary. Shareholders are being asked to consider and, if thought fit, to pass the special resolution authorizing the Board, in its sole discretion, to consolidate the Common Shares on the basis of one (1) new Common Share for up to ten (10) old Common Shares (the “Consolidation”) and amending the Company’s articles accordingly. Notwithstanding approval of the Consolidation by shareholders, the Board of Directors may, in its sole discretion, revoke this special resolution, and abandon the Consolidation without further approval or action by or prior notice to shareholders.
https://www.graphblockchain.com/_files/ugd/61b92e_042f69cad6ff4428b71c740badc5fa80.pdf