Unfortunately no mention of new business project just yet. Will be interesting to see how the share price performs now that it has been consolidated 1 for 4 and with only 3.5 million shares outstanding. atb
Global Railway 1:4 rollback, name change to Chinook
2013-08-12 17:14 ET - Change Name, Roll Back Shares
Also New Listing (C-XCX) Chinook Tyee Industry Ltd
Pursuant to a resolution passed by shareholders on Aug. 8, 2013, Global Railway Industries Ltd. has consolidated its capital on a 1:4 basis. The name of the company has also been changed as follows.
Effective at the opening on Tuesday, Aug. 13, 2013, the common shares of Chinook Tyee Industry Ltd. will commence trading on the TSX Venture Exchange, and the common shares of Global Railway Industries Ltd. will be delisted. The company is classified as a temporarily unclassified company.
Postconsolidation
Capitalization: unlimited shares with no par value of which 3,472,741 shares are issued and outstanding
Escrow: nil
Transfer agent: Computershare Investor Services Inc.
Old symbol: GBI.H
New symbol: XCX.H
New Cusip No.: 16961T109