Canyon Copper Announces Approval of 79-For-100 Reverse Stock Split

Canyon Copper Corp. (OTC:CNYC) approves a 79-for-100 reverse split of the Company’s common stock.

The press release is quoted as saying:

The Company approved the Reverse Stock Split in order for its capital structure to conform to the capital structure requirements of the TSX Venture Exchange. Upon completion of the Reverse Stock Split, the Company’s authorized capital of common stock will be decreased from 166,666,666 shares, par value $0.00001 per share, to 131,666,666 shares, par value $0.00001 per share, and the issued and outstanding common stock will be reduced from 78,390,307 to 61,928,343 shares. The Reverse Stock Split is expected to be effective on November 24, 2010.

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