Dave Webb's remarks on the Tyhee/DTC/TD Ameritrade Farrago

(from Dave Webb yesterday,paraphrased)

Dear Baires,

It’s a shame that DTC is being bureaucratic about this. All the paper was in their hands the day of our announcement Feb 1, 2011. In fact, the TSX actually announced it the day before we announced (after market). DTC is dragging their feet. The Canadian equivalent (CDS) and most brokerages made the change days ago.

I’ve forwarded your email from TD Ameritrade (see below) to our corporate lawyer with instructions to look into it. He will undoubtedly get a hold of our transfer agent who will contact the DTC. It will take time, but we did this many days ago and probably have to do it several times before it sticks.

Dave

From TD Ameritrade yesterday,

Per our conversation, I am sending the following status. We have spoken with DTC and have been able to confirm the following. At this time, DTC has made the item eligible for custody services only. This means that DTC will only hold physical certificates of the new issue. DTC has not determined whether or not the new side of Tyhee Gold (ticker TYHJF) will be fully eligible at DTC at this time. The DTC underwriting department is still processing to determine if the new security will be fully DTC eligible. If the position is deemed to be held fully at DTC, they will credit us the new shares at that time. If the position is not able to be held fully at DTC, they will exit the new shares to us, in physical form, in street name. Again, I will be monitoring the situation to keep you informed on where DTC is at in the process. At this time, there is no further action we can take as DTC is still determining if they will hold the issue fully.

Thank you.
TD Ameritrade
Assistant Team Manager
Corporate Actions and Dividends Department