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pmunch

11/26/13 10:50 AM

#4786 RE: dmbao #4782

With end of year tax loss planning, this could get uglier

Canyon currently has an aggregate of 68,696,934 common shares issued and outstanding. If the share consolidation were undertaken at the ratio of 15 to 1, the issued and outstanding common shares would be approximately 4,579,795. Canyon does not intend to change its name in conjunction with the share consolidation.