Chinook Reports net assets of $0.95 per share for Q2

VANCOUVER, Aug. 20, 2013 /CNW/ - Chinook Tyee Industry Limited ("Chinook" or the "Company") (NEX-XCX.H), announces it has filed onto SEDAR its second quarter financial statements and management discussion and analysis for the six month period ended June 30, 2013.

Highlights during the quarter:

• As at July 15, 2013, the Company had cash assets of $3.4-million or approximately $0.95 per share.
• The Company has approximately, 3,472,741 shares issued and outstanding.
• Chinook is currently seeking to identify and evaluate potential businesses with a view to completing a change of business under the policies of the TSX Venture Exchange. 

Chinook's financial statements and management discussion and analysis are available for review at www.sedar.com and www.chinooktyee.com.

Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

SOURCE: Chinook Tyee Industry Limited

Tom Kusumoto
President and Director
[phone]
[email protected]