Golden Dynasty Resources Ltd.
TSX VENTURE : GLY

Golden Dynasty Resources Ltd.

September 10, 2008 14:09 ET

Columbus Energy Limited-Name Change and Consolidation

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 10, 2008) - The board of Directors of Columbus Energy Limited (TSX VENTURE:CEL) (the "Company"), formerly, Golden Dynasty Resources Limited, announces that the Company consolidated its common shares on the basis of one (1) new post-consolidation common share for every six (6) pre-consolidation common shares effective as of September 10, 2008 (the "Effective Date"). Following the consolidation, the Company has a total of 28,001,642 shares issued and outstanding. As of the Effective Date, the Company also changed its name to Columbus Energy Limited.

Immediately prior to the Effective Date, the Company had outstanding options to purchase 15,525,000 common shares, equal to 2,587,500 common shares on a post-consolidation basis and outstanding warrants to purchase 20,000,000 common shares, equal to 3,333,333 common shares on a post-consolidation basis.
The consolidation was approved by the shareholders of the Company at the annual general and special meeting held on June 13, 2008.

The consolidated shares will trade under the symbol "CEL" on September 12, 2008.

The TSX Venture Exchange has neither approved not disapproved the contents of this news release.

Contact Information

  • Golden Dynasty Resources Ltd.
    Douglas W. Scheving
    Director and Corporate Secretary
    (604) 684-7619
    (604) 684-7346 (FAX)