Email from Bob to a very good friend of mine. This friend invested a lot of money into CNYC - At this point I feel disgusted that I ever mentioned this company to him, my other friends, coworkers, and family.
Damn... He continues to mention Sandfield. It's not even a real company.
--- the forwarded message follows ---
From: XXXXXXX
To: Larry
Received: 20-Nov-13 11:15:01 AM
-----Original Message-----
From: Robert Meister <rmeister@canyoncc.com>
To: XXXXXXX
Sent: Wed, Nov 20, 2013 11:09 am
Subject: RE: CNYCF
Hello XXXXXXX,
Thank you for your email.
This was something that management had been discussing for a long time as an option to help resurrect Canyon Copper. (as this type of scenario worked for our sister company Alpha Minerals. Not insinuating that a similar response will happen with Canyon though).
However, I did only learn that these actions would be requested of the shareholders yesterday. The shareholders will be asked to approve the consolidation at the annual general and special meeting of shareholders to be held on Dec. 23, 2013.
This is a positive step as it will offer us more strategic opportunities with a tighter structure in moving forward in these difficult times for companies in the resource sector. I know firsthand that for companies like Canyon Copper you must have INCREDIBLE news to get any traction in today's market, but to get that great news you have to spend money, find a significant partner, hit a new discovery, or find a strategic way to outlast and take the opportunities that present themselves in a difficult market to make a big name for yourself.
We are and have been in ongoing discussions with Sandfield over the past several months. We are looking at different opportunities that will hopefully benefit both companies and it's shareholders but as of yet nothing has been solidified.
We are looking at numerous opportunities (which again are tough in this market) that will help us move the company forward.
Our goal is to ensure that Canyon Copper survives for the value of its shareholders.
Best regards,
Bob
