"I think that this creates preferred shares and common shares .In most other cases they dont always stay exactly the same with each other."

Hi B-Jay. In this case, this does stay exactly the same. Unless one can argue that a bunch of 50 dimes in one hand is different from a roll of 50 dimes in the other hand. It cannot be more clearly stated than what we find on pages 13-14 of the Management Circular.

No dilution whatsoever. We'll have 2 classes of common shares. Subordinate Shares, 1 vote unit + 1 participation unit per share. Multi-voting Shares, 50 votes unit + 50 participation units per share. Not more, not less. No redemption right. No special dividend right. Nothing.

1 single share vs 50 gathered shares. Interchangeable between them at will.

What can be said in addition to that? I see nothing...

Or wait... Yes there is something more - but it is not attached to the shares themselves: the Multi-voting shares will probably be eligeable for broker margin calculation. And also, Multi-voting shares would be eligeable for purchase by institutions. Sounds good, isn't it!

GLTA.

BaBe.