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October 29, 2014

CanAm signs Binding Letter of Intent to Acquire a Western Canadian Frac Sand property


We are a coal producing and resource development company focused on growth through the acquisition, exploration and development of energy resources.</span></html>

Producing High Quality Clean Coal

Our key assets in northern Alabama include 4 producing mines (Knight, Posey Mill II, Old Union II, and Powhatan) as well as 2 mines under development (Gooden Creek II and Huggins). Combined we have permits and leases covering approximately 5,000 acres and coal quality that meets and exceeds the new EPA standards.

Diversification Strategy

"The decision to evaluate options and alternatives beyond coal resources follows a comprehensive review of the Company's strategy and business direction by our Board of Directors" said Jon Legg, Chairman of the Board. "In order to position ourselves for the future and enable us to create shareholder value, it is imperative that we continue down this road of diversification but, at the same time, nothing about this review alters the Company's commitment and continued investment in our coal franchise."

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Volume: 20010
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Date: 11-28-2014
Time: 13:26
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Nov 17, 2014: News: CanAm Obtains Gooden Creek #2 Mine Permit (more...)

Oct 29, 2014: News: CanAm signs Binding Letter of Intent to Acquire a Western Canadian Frac San... (more...)

Oct 24, 2014: News: CanAm Considers a Diversification Strategy (more...)