Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Thanks, That's what I thought. Let's hope it's them trying to bail.
Where's the cavalry??? No fist table pounders. We heard from these posters what a great bargain/steal this was at .40 all the way down to .10 - How about the chart guys, or guy that reads the 10 day volume average? Has this $hit gotten to real for them?
Management should be scooping up these shares. Who knows, maybe they got some of the .025's
Wasn't there talk a few months ago of a large fund that was trying to sell their shares of CNYC? I thought they had over a million shares. Maybe they are trying to exit today???
If this is the case there may be a nice rebound coming afterwards. Smart to have the fund out before releasing positive news. JMO
I don't know if this is the case or not. I bought some .03's - I had to take the risk... Sure beats my purchases at .40
400,000 shares on the Ask at .03.
MANAGEMENT’S DISCUSSION OF FINANCIAL CONDITION AND RESULTS OF OPERATION
PLAN OF OPERATION
New York Canyon Project
Phase One of our exploration program on the New York Canyon Project involves the re-analysis of the 2006 Longshot Ridge drill pulps and initiating environmental base line studies, which will permit us to conduct advanced exploration, if warranted. We commenced Phase One of our exploration program in July 2011 by delivering the drill pulps from the 2006 Longshot Ridge to Sparks Laboratory in Nevada. In December 2011, we received new assay results and these results were audited by an independent consultant for quality assurance (QA) and quality control (QC). In March 2012, we engaged an independent consultant to conduct a review of the results in order to provide us with a more robust estimate of the project and assist us in identifying key targets for a drilling program at the New York Canyon Project.
Subject to obtaining financing, we plan to drill test the oxide mineralization found to the north and northeast of the Longshot Ridge deposit. This represents the initial stages of Phase Two of our exploration program on the New York Canyon Project.
Moonlight Property
During the term of the Earn-In Agreement, we are not planning to conduct any exploration activities on the Moonlight Property. Under the terms of the Earn-In Agreement, Sandfield will be required to incur $100,000 of exploration expenditures on the Moonlight Property, make all the Moonlight Property Assignment and Option Agreement payments and be responsible for all claim maintenance payments to the Bureau of Land Management.
Anticipated Expenses
We anticipate that we will require the following funds for exploration programs and our ongoing operations:
ITEM AND ACTIVITY 12 Month Total
Budget
LAND STATUS
New York Canyon Project
2012 - 2013 unpatented claim maintenance fees $ 98,000
Monthly Payments – Patented Claims 36,000
Moonlight Property
Assignment and Option Payments (1) 50,000
2012-2013 unpatented claim maintenance fees (1) 48,000
EXPLORATION PROGRAM
New York Canyon Project
Metallurgical sampling and testing 75,000
Environmental base line study work 55,000
Geological mapping/geological survey 30,000
Field supplies and support 20,000
Contingency 25,000
Moonlight Property
No Proposed Program during term of Earn-In Agreement
GENERAL AND ADMINISTRATIVE EXPENSES
General and Administrative 297,000
TOTAL $ 734,000
As at December 31, 2012, we had cash of $198,535. For the next twelve months, management anticipates that we have sufficient funds to meet our annual claim payments and meet the costs associated with our ongoing reporting obligations. However, we will require additional financing in order to implement our geochemical sampling program and the proposed test drilling program on the New York Canyon Project. There is no assurance we will be successful in raising such funding or on terms that are acceptable to us. Since inception, we have been dependent on investment capital and debt financing from third parties as our primary source of liquidity. We anticipate continuing to rely on sales of shares of our common stock and loans in order to continue to fund our business operations. Issuances of additional shares will result in further dilution of our existing shareholders.
NOTICE OF SPECIAL MEETING OF STOCKHOLDERS
TO BE HELD ON
MAY 21, 2013
To Our Stockholders:
A special meeting of the stockholders of Canyon Copper Corp. will be held on May 21, 2013, at 10:00 am (Pacific Standard Time) at Suite 408, 1199 West Pender Street, Vancouver, British Columbia, Canada, for the following purpose:
1.
to approve the Plan of Conversion, a copy of which is attached as Schedule “A” to this Proxy Statement/Prospectus, whereby our corporate jurisdiction will be changed from the State of Nevada to the Province of British Columbia, Canada by means of a process called a “Conversion” and a “Continuation”; and
2.
to transact such other business as may properly come before the special meeting or any adjournment thereof.
The accompanying Proxy Statement/Prospectus provides additional information in relation to the special meeting and is supplemental to, and expressly made part of the Notice of Special Meeting. Our Board of Directors approved the Plan of Conversion to change our corporate jurisdiction from Nevada to British Columbia. Therefore, our Board of Directors recommends that you vote “FOR” the continuation of Canyon from Nevada to British Columbia.
Only stockholders of record at the close of business on April 19, 2013 are entitled to notice of and to vote at the meeting. Whether or not you expect to attend the special meeting in person, we urge you to submit your vote as promptly as possible by marking, signing and dating the enclosed proxy card and returning it to our office at Suite 408, 1199 West Pender Street, Vancouver, British Columbia V6E 2R1 or by facsimile at (604) 684-9365. You may revoke your proxy at any time before the special meeting. If your shares are held in the name of a bank, broker, or other nominee, please follow the instructions in the voting instruction card furnished to you by such record holder.
Under Nevada law, stockholders of record who do not vote in favor of the Plan of Conversion may exercise their dissent rights to obtain fair value of their shares of stock if the Continuation is completed. You must strictly follow the procedures of Nevada law including, among other things, submitting a written demand before the vote is taken on the adoption of the Plan of Conversion and you must not vote in favor of the Plan of Conversion.
Dated at Vancouver, British Columbia, this 22nd day of April, 2013
BY ORDER OF THE BOARD OF DIRECTORS
CANYON COPPER CORP.
/s/ Benjamin Ainsworth
Benjamin Ainsworth,
Chief Executive Officer and President
Vancouver, British Columbia
Holders Of Our Common Stock
As of April 19, 2013, we had 104 registered holders of our common stock holding an aggregate of 68,696,934.
Did you mean "we are invisible?"
lol - Sorry, I couldn't help myself...
(Email below) He usually reponds back within a few days.
From: "Larry"
To: "Robert Meister" <rmeister@canyoncc.com>
Received: 02-Apr-13 3:28:11 PM
Good Afternoon Bob,
Last April there were multiple articles on Canyon Copper. One of them claimed a project the size that Canyon Copper proposed would create 250-350 jobs. I was hopeful these articles held some truth. A year later and we're at the same point we were back then. I'm a bit shocked at the inactivity of the company.
I'm not trying to be negative or sarcastic to you. Every time I think we are going to finally have progress we fall back. Seriously, can it get any worse for us than it is now? I'm so far down in this I don't ever think I can break even. And if you and management are as heavily invested as you claim to be you would have to be sitting worse off than I am. There hasn't been any insider purchases at these extremely low prices. Is that due to lack of confidence by management? It doesn't bode well that you are unable to find any large investors either.
I want to believe this company is truly doing what is best for all here. Am I to gullible?
Thanks for your time,
Larry
From: "Robert Meister" <rmeister@canyoncc.com>
To: "'Larry
Received: 03-Apr-13 9:58:31 AM
Larry,
I can appreciate your sentiment but everything I have said and what has been written is truthful. These things don’t happen overnight but, as with you, I agree that some things should be expedited. There are numerous factors in play rather than just "nothing happening" especially with a bad market for the resource sector as a whole. Canyon Copper is not alone in this situation.
From your point of view I can see why you would make the statement that there has been inactivity but I can assure you that work is ongoing.
Myself and Management are very serious investors and shareholders in Canyon copper and do make up a significant percentage of the shares. We have bought at many levels of pricing let alone at these current levels.
You have made your points and I have echoed them to our management. We do anticipate work to start up soon on both projects and hope to have some news flow but again, and I do apologize for repeating myself) there are numerous factors, options, opportunities at play here and we are trying to do what is best for the Company and its shareholders.
Keep in touch,
Bob
Now I agree with you that a reverse split is imminent. No other way to get the share price up before the next round of financing.
Can someone remind me what this company does or is suppose to do? And if you have time please contact the company and remind them as well. Thanks...
I just noticed today's trading activity of their sister company. Remarkable volume and share price...
Sister company - Another start to the day with a trading halt at the request of the company - Pending News
IIROC Trade Halt - Alpha Minerals Inc.
IIROC can make a decision to impose a temporary suspension of trading in a security of a publicly listed company, usually in anticipation of a material news announcement by the company. Trading halts are issued based on the principle that all investors should have the same timely access to important company information. IIROC is the national self-regulatory organization which oversees all investment dealers and trading activity on debt and equity marketplaces in Canada.
Were we all fooled? Maybe we should of been buying shares in their sister company instead of this one.
Will lightning strike twice for this management team?
.04 huh? I can think of over a million things they should of taken care of by now. No more freak'n excuses...
I believe you know what I'm referring too....
At one point not long ago it seemed that way. Now AMW is trading at $3.60 with a high so far today of $3.80... Now, CNYC is the red-headed(copper)stepchild to AMW...
AMW - sister company -
IIROC Trade Halt - Alpha Minerals Inc.
Vancouver, British Columbia--(Newsfile Corp. - February 19, 2013) - The following issues have been halted by IIROC:
Reason: At the Request of the Company Pending News
Decent size Bid support now. ARCA seller begone!
lol
Sorry, It was on my end. That's pretty strange though, since I didn't put you on ignore... I haven't used the ignore button in a coon's age...
We might be wishing on the same bright star... lol
At this point, what's "good news" for this company?
It hit $3.20 today... eom
I'm not for it... eom
Their sister company, AMW, released more positive news today. PPS spiked setting new 52 annual high.. And it's continuing to move up...
You stated you were suprised CNYC share price hasn't gone up some with AMW's success... Well, CNYC has to actually do something first... Maybe we'll follow in the same pattern as AMW once we start drilling and getting results. ESO/AMW had a recent 1-10 R/S. The have 1/4 of the shares out than we do.
I like the positive spin you put on it. We'll see what happens :)
Agreed... eom
YW - On average it takes 3 to 6 months to get listed on the TSX.
We have no idea where Sandfield is in the listing process. We don't know if they have begun the process yet...
How long does the process take?
The time to go public depends on the complexity of the company, quality of documentation provided by the company and whether there are any outstanding issues. On average, the process takes three to six months to complete. Below is an example of the timeline of an IPO through a prospectus offering
Event Weeks
Planning meeting 1
Drafting preliminary prospectus 2-5
Filing 6
Comments from securities commission 7-10
Response to comments 10-12
File final prospectus 13-14
Auditors work on annual statements, interim
statements and comfort letter 2-13
Ongoing legal work 2-13
Due diligence by underwriters, including
formal review sessions with management,
counsel and auditors 2-13
Preparation of marketing documents and
roadshow presentation 2-10
Investor presentations 10-13
Institutional one-on-one meetings 10-13
Pricing 10-13
Closing and settlement 14-15
Listing 14-15
Someone took ARCA out again. Maybe for good this time..
Don't prod him... lol
To the company: buy what shares the ARCA seller has and reverse this downtrend.
How many shares did Tony buy at .35?
Like he was reading this board...
He's back at .05.. eom
ARCA seller appears to have an unlimited amount of shares.
Glad to see the company finally bringing in the big dawgs to scoop up these cheap shares down here...
lol
Sandfield intends to trade on the TSX.
Bob Meister told me he believes Sanfield should receive the TSX listing approval soon. But he is not privy to that information. He also said that the agreement between Canyon Copper & Sandfield will expedite the process.
I agree with you... I was told they'd have 2-3 drills on their property by February of 2011. A 2 year wait. I'm more anixous of them finally starting the drill program than I am of the results... lol
Just do something already!
Work can/will commence "IMMEDIATELY."
This is definitely what we've been waitng for...
You got your wish...
That's why David Jenkins & John Kerr were added to the team... They both have prior working knowledge of Canyon Copper's properties.
Mon Apr 30, 2012
Canyon Copper Corp. Announces the Creation of Non-Executive Advisory Board
------------------------------------------------------------------
Canyon Copper Corp. ("Canyon") (TSX-V: CNC) (OTCBB: CNYC) is very pleased to announce that Mr. David Jenkins, P.Geo. and Mr. John Kerr, P.Eng. have accepted invitations to join the newly created Canyon Copper Advisory Board which will assist Canyon's management in the evaluation and development of the Moonlight and New York Canyon Projects.
"We are extremely pleased to be able to bring such highly regarded and knowledgeable people into Canyon Copper. Mr Jenkins and Mr. Kerr bring a legacy of exploration and geological expertise to our team that we believe will strengthen our ability to move our programs towards success." Stated Tony Harvey, Chairman, Canyon Copper Corp.
David M. Jenkins - P.Geo, a senior Geologist and mining consultant. David brings over 40 years of technical and managerial experience in the mining industry; serving with Placer Development Limited for 18 years and various junior/senior mining company clients for over 20 years. He worked extensively in Central America as General manger of Placer Development's regional mineral exploration subsidiary and later as Vice-President for Triton Mining Corporation that operated gold mines in Nicaragua and North America. He has managed programs exploring porphyry copper, epithermal gold, lead/zinc/ silver, gold/silver and magnesite projects that materially contributed to the development of six mines in five different countries.
Mr. Jenkins led Sheffield Resources Ltd into a new evaluation of the Moonlight copper oxide and sulphide deposits in 2005-2007, which work was the basis for the first NI 43-101 report that qualified the sulphide resource and described the oxide deposit and its potential. This report is part of the extensive data base upon which Canyon proposes to build its evaluation and economic assessment of the Moonlight project.
John Kerr, P. Eng. Geologist. Mr. Kerr graduated from the University of British Columbia in 1964 with a Bachelor of Applied Science (B.A.Sc) degree in Geological Engineering. He has participated in the mining industry continuously since graduation as an exploration geologist. His expertise is epithermal and sedex-hosted precious metal deposits in the southwest United States, strata controlled gold deposits and porphyry copper/gold/molybdenum deposits of the western Cordillera and VMS deposits in all areas of North America. Successful ventures include recognition and discovery of the Santa Fe gold mine, identification of the Calvada gold mine located on the northern boundary of the New Canyon property, and discovery of the Mindora gold/silver deposit, all located in Nevada. He is also credited with early identification of two VMS deposits at the Rambler Mine in Newfoundland and recognition of the Frasergold strata controlled gold deposit in British Columbia. Mr. Kerr has served as a director of numerous public companies and is currently a Director of Quaterra Resources (NYSE Amex: QMM, TSX.V: QTA) and Bravada Gold Corp (TSX-V:BVA).
During the early exploration of the Santa Fe and Calvada deposits (1973-1979), Mr Kerr familiarized himself with exploration endeavours on the Longshot Ridge copper skarn and the Copper Queen porphyry copper deposits on the New York Canyon property. His knowledge of these deposits will provide invaluable input to ongoing development.
CANYON COPPER CORP. ("CNC")
BULLETIN TYPE: Property-Asset or Share Disposition Agreement
BULLETIN DATE: January 31, 2013
TSX Venture Tier 1 Company
TSX Venture Exchange Inc. (the "Exchange") has accepted for filing an Earn-In Agreement (the "Agreement") between Canyon Copper Corp. ("Canyon") with Sandfield Resources Ltd. ("Sandfield") dated January 24, 2013 whereby Canyon has agreed to transfer to Sandfield up to a 70% interest in its optioned Moonlight Copper-Porphyry Property (the "Moonlight Property"). The Moonlight Property is comprised of 307 unpatented claims having an area of approximately 6,300 acres and is located on the northern end of the Walker Lane Belt in Plumas County, California.
Under the terms of the Agreement, Sandfield will earn a 60% interest in the Moonlight Property (the "Initial Interest") upon:
(a) paying Canyon $125,000 on Exchange approval of the Agreement;
(b) issuing to Canyon 500,000 common shares on the date Sandfield lists its common shares on the Exchange (should Sandfield become listed on the Exchange);
(c) incurring $100,000 of exploration expenditures on or before May 31, 2013 ;
(d) paying to Canyon $125,000 and incurring an additional $500,000 of exploration expenditures by the second anniversary of the Agreement; and
(e) paying to Canyon $125,000 , issuing to Canyon 2,500,000 common shares and incurring an additional $1,000,000 of exploration expenditures by the third anniversary of the Agreement.
Sandfield will be able to earn an additional 10% interest in the Moonlight Property (the "Secondary Interest") by issuing Canyon 2,500,000 common shares and incurring an additional $3,000,000 of exploration expenditures by the fifth anniversary of the Agreement. Sandfield will also be responsible for all payments and share issuances required by the underlying option and assignment agreements and paying all BLM claim maintenance fees.
If Sandfield exercises the Initial Interest, Canyon and Sandfield will form a joint venture for the purpose of carrying out further exploration and development of the Moonlight Property.
Insider / Pro Group Participation: Kurt Bordian is the Chief Financial Officer of the Company and Sandfield.
For further information please see the Company's news release of January 23, 2013 which is available under the Company's profile on SEDAR.
http://finance.yahoo.com/news/tsx-venture-exchange-daily-bulletins-213400510.html