IZON Network Inc. (IZNN)

[Py11]

Prior to completion of the private placement and prior to closing, IZON shall complete a share consolidation of 50 old shares for one new share as announced by IZON on August 13, 2019, resulting in the following securities issued and outstanding: (i) 4,936,606 common shares, (ii) 18,829,231 common shares attributable to the conversion of all convertible preferred and convertible debentures and (iii) 2,255,142 common shares attributable to stock options and warrants.