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Escrowed Shares
(redirected from Escrowed Share)

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Escrowed Shares
Shares in a publicly-traded company held by a third party on behalf of two parties to a transaction until certain conditions are filled. For example, a third party may hold escrowed shares that a potential acquiring company placed as the equivalent of earnest money for the target company. See also: Escrow Agent.


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As part of the Company's listing requirements, an aggregate of 4,799,239 common shares controlled by Company Officers and Directors will be subject to the TSX-V's value security escrow requirements, applicable to a Tier 1 issuer, and will be released from escrow as follows: 25% of the escrowed shares at the time of listing and 25% of the escrowed shares every six months thereafter.
A final resolution was passed that the existing release provisions governing 191,250 escrowed shares held by Mr.
It was also approved by approximately 82 percent of the shares other than shares owned by Harbinger's affiliates, any director or officer of SkyTerra and any of their respective affiliates and the Escrowed Shares (as defined in the Agreement).
 
 
 
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