Canyon announces proposed share consolidation

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[{"type":"text","content":"\n\n\nTSXV: CNC \nOTCQB: CNYCF\n\n\nVANCOUVER, Nov. 19, 2013 /CNW/ - Canyon Copper Corp. (\"Canyon\") (TSXV: CNC) (OTCQB: CNYCF) announces that its shareholders\n will be asked to approve a consolidation of Canyon's issued and\n outstanding common shares at a ratio of up to fifteen (15)\n pre-consolidation shares to one (1) post-consolidation share at the\n Annual General and Special Meeting of Shareholders to be held on\n December 23, 2013.  The Board of Directors is recommending shareholders\n approve the share consolidation in order to better position Canyon to\n finance its exploration and development activities on its mineral\n properties.\n\n\nCanyon currently has an aggregate of 68,696,934 common shares issued and\n outstanding. If the share consolidation were undertaken at the ratio of\n 15 to 1, the issued and outstanding common shares would be\n approximately 4,579,795. Canyon does not intend to change its name in\n conjunction with the share consolidation.\n\n\nIf the consolidation is approved, the Board of Directors will have the\n authority to implement the consolidation at the ratio of up to 15 to 1\n at any time and will be permitted, without further shareholder\n approval, to select a lower consolidation ratio if they deem it to be\n appropriate.  Currently, the Board of Directors intends to implement\n the consolidation as soon as practicable following the approval of the\n consolidation by the shareholders and the TSX Venture Exchange.\n Notwithstanding approval of the consolidation by the shareholders,\n Canyon's directors, in their sole discretion, may abandon the\n consolidation without further approval, action by, or prior notice to\n shareholders.\n\n\nThe proposed consolidation is subject to the approval of the\n shareholders of Canyon and the TSX Venture Exchange.\n\n\nOn behalf of the Board of Directors,\n\n\n\"Benjamin Ainsworth\"\n\n\nCANYON COPPER CORP.\nBenjamin Ainsworth, President\n\n\nNEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS\n THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE)\n ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.\n\n\nSOURCE Canyon Copper Corp.\n\n\n\n Contact: Canyon Copper Corp. Investor Relations 1-888-331-9326 (604) 331-9326 (604) 684-9365 (FAX) [email protected] Copyright CNW Group 2013","length":2983,"ta...

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