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1 Gil will exchange his common shares of Orillia Resorts Inc for 2400 voting Class A preference shares Then Gale will purchase 1000 common shares

1 Gil will exchange his common shares of Orillia Resorts Inc for 2400 voting Class A preference shares Then Gale will purchase 1000 common shares from the company for 1 per share The preference shares are redeemable and retractable at 1000 each with a noncumulative dividend rate of up to 7

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