Share Structure

Consolidated Woodjam Copper Corp. (“Woodjam Copper”) trades on the TSX Venture Exchange (“TSX-V”) under the symbol “WCC”.

Issued Shares:
74,770,893

Fully diluted:
94,536,973

 

Adjusted Cost Base Notes

Woodjam Copper is a spin-out to shareholders of Cariboo Rose Resources and Fjordland Exploration.

As of the close of Nov. 25, 2011, the effective date, Fjordland shareholders received approximately 0.3784 of a Woodjam Copper share for each Fjordland share held and Cariboo Rose shareholders received approximately 0.70 of a Woodjam Copper share for each Cariboo Rose share held.

For Fjordland Shareholders:

Shareholders should reduce the Adjusted Cost Base (“ACB”) of Fjordland shares by an amount which should then be recorded as the acquisition cost of the Woodjam Copper shares. Management of Fjordland has calculated that the ACB of each post-spin-out common share of Fjordland should be reduced to 35.6% of its pre-spin-out ACB and that 64.4% of the ACB of each pre-spin-out common share of Fjordland should be recorded as the acquisition cost of each Woodjam Copper share. This fair value ACB adjustment calculation is based on the relative Fjordland and Woodjam Copper closing share prices for the five trading days from Dec. 2, 2011, to Dec. 8, 2011. No such determination of fair value by Fjordland is binding on the Canadian tax authorities.

For Cariboo Rose Shareholders:

Shareholders should reduce the Adjusted Cost Base (“ACB”) of Cariboo Rose shares by an amount which should then be recorded as the acquisition cost of the Woodjam Copper shares. Management of Cariboo Rose has calculated that the ACB of each post-spin-out common share of Cariboo Rose should be reduced to 27.2% of its pre-spin-out ACB and that 72.8% of the ACB of each pre-spin-out common share of Cariboo Rose should be recorded as the acquisition cost of each Woodjam Copper share. This fair value ACB adjustment calculation is based on the relative Cariboo Rose and Woodjam Copper closing share prices for the five trading days from December 2, 2011 to December 8 2011. No such determination of fair value by Cariboo Rose is binding on the Canadian tax authorities.