West Vancouver, British Columbia – August 13, 2013 – Columbia Yukon Explorations Inc. (the “Company” or “Columbia Yukon”) wishes to announce that, subject to required TSX Venture Exchange and shareholder approvals, the Company intends to proceed with a proposed consolidation of its issued common share capital on the basis of up to 10 old common shares for 1 new common share (the “Proposed Consolidation”).
Management believes that the Proposed Consolidation is in the best interest of the Company and will allow the Company greater possibilities with respect to future financings. The Proposed Consolidation will be submitted to shareholders for approval at the Company’s Annual General and Special Meeting to be held on September 12, 2013. Presently, the Company has 72,811,390 common shares issued and outstanding and if the Proposed Consolidation is approved and affected on a ten for one basis (which is the maximum consolidation ratio being considered by the Company), there will be 7,281,139 common shares issued and outstanding. In connection with the Proposed Consolidation, the name of the Company will not change and the Company’s trading symbol will remain as “CYU”.
For further information, contact Mr. Clive Shallow, Shareholder Communications, at 604-922-2030, or visit the Company’s website at www.columbiayukon.com
Columbia Yukon Explorations Inc.
“Douglas L. Mason”
Douglas L. Mason, Chief Executive Officer
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.