Chinook Tyee Completes Change of Business, Becoming Investment Issuer - Video News Alert on InvestmentPitch.com

Vancouver, British Columbia--(Newsfile Corp. - October 23, 2014) - Following approval from the TSX Venture Exchange, Chinook Tyee Industry (TSXV: XCX) has completed its change of business to that of an investment issuer.

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In a unique sequence of events, the company consolidated its Class A common shares on the basis of one post-consolidated share for one-thousand pre-consolidated shares and then immediately split the company’s shares on the basis of one-thousand post-split shares for each post-consolidation common share.

Although the company ended up with approximately 3.4 million shares outstanding, close to the same number of shares as before these transactions, this action eliminated the share positions of any holders of less than 1,000 shares, giving them cash consideration for their shares. As the company estimates there were approximately 200 odd-lot shareholders with positions of less than 1,000 shares, this action will eliminate the costs of printing and mailing materials, such as annual reports and information circulars, to these small shareholders along with the related registrar and transfer agent expenses.

As an investment issuer, under the classification of a financial service holding company, the company will now focus on generating revenue from financial services, which includes investment gains, interest income and advisory services fees. The company’s principal business will be to provide financial services to middle-to-small market European and North American private and publicly listed companies.

Its merchant banking activities will primarily be in the form of senior secured loans, mezzanine debt or a combination of both, and its private equity activities will focus on investing across the capital structure from debt to equity in undercapitalized companies with capital structure issues.

The company plans to structure its investments in such a way as to not be deemed either an investment Fund or Mutual Fund, thereby avoiding the requirement to register as a fund or investment advisor.

The company anticipates having available funds of approximately $3,430,000, with $1.8 million currently invested and $1.2 million unallocated.

For more information, please visit the company’s website www.chinooktyee.com, contact Tom Kusumoto, President & CEO at 604-689-7533 or email investor@chinooktyee.com.

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