Copper Canyon Resources ltd. (fka CAYRF)

[NYBob]

On May 18, 2011 Copper Canyon Resources Ltd. (CPY:TSX-V) shareholders approved the Arrangement for NovaGold Resources to acquire all the issued and outstanding shares of Copper Canyon Resources.
On May 19, the Court of Queen's Bench granted a final order making Copper Canyon a wholly owned subsidiary of NovaGold Resources.

In accordance with the Arrangement,
former Copper Canyon shareholders are entitled to receive
0.0735 of a NovaGold common share,
cash in the amount of $0.001
and one-quarter of a common share of Omineca,
a newly incorporated company,
for each Copper Canyon share.

Under the Arrangement, Copper Canyon transferred to
Omineca substantially all of its assets other than
certain cash and its 40% interest in the Copper Canyon property.

The common shares of Omineca have been listed on the
TSX Venture Exchange (trading symbol: OMM).

For the history leading up to this transaction
follow this link..… More »

http://www.copcanyon.com/