Definition of Pre-Consolidation Shares


Pre-Consolidation Shares means common shares in the capital stock of Freshwater prior to the completion of a share consolidation to be carried out by Freshwater on the basis of 1000 previously issued shares being consolidated into 1 share following the consolidation.
Sample 1

Examples of Pre-Consolidation Shares in a sentence

The undersigned hereby represents and warrants that: 1) the undersigned is the owner of the number of Pre-Consolidation Shares of NORTHCORE TECHNOLOGIES INC.
TO: EQUITY FINANCIAL TRUST COMPANY This letter of transmittal, properly completed and duly executed, together with all other required documents, must accompany certificate(s) for pre-consolidation common shares ("Pre-Consolidation Shares") deposited in connection with the share consolidation (the "Consolidation") more fully described in the Management Proxy Circular of NORTHCORE TECHNOLOGIES INC.
When the Consolidation is implemented, each up to (20) issued and outstanding Pre-Consolidation Shares will be exchanged for one (1) post-Consolidation common share ("Post-Consolidation Share").