| ||July 21, 2011|
CanAm Coal Corp. Joins OTCQX
| ||July 21, 2011 - Calgary, Alberta, Canada - CanAm Coal Corp. (TSX-V: COE; OTCQX: COECF) ("CanAm" or the "Company") is pleased to announce that its common shares have commenced trading on the OTC market's highest tier, OTCQX(r), under the name CanAm Coal Corp., symbol "COECF". CanAm's common shares continue to trade on the TSX Venture Exchange under the symbol "COE". |
"CanAm Coal has 100% of its coal mining operations in the United States and we are excited that U.S. investors now have the opportunity to invest in CanAm. When it comes to coal, U.S. investors are very educated and typically coal companies trade on a higher multiple compared to most other markets," said CanAm's C.E.O, Tim Bergen. "The OTCQX has earned a strong reputation for providing U.S. investors with improved liquidity, transparency, superior information, and easy trading access through a U.S. regulated broker-dealer network," added Tim.
"The superior information and visibility of the OTCQX marketplace allows companies to efficiently build investor confidence and expand their shareholder base," said R. Cromwell Coulson, President and Chief Executive Officer of OTC Markets Group. "We are pleased to welcome CanAm Coal to OTCQX."
OTCQX International. Investors can find current financial disclosure and Real-Time Level 2 quotes for the Company on www.otcqx.com and www.otcmarkets.com.
About OTC Markets Group Inc.
OTC Markets Group Inc. (OTCQX: OTCM) operates the world's largest electronic marketplace for broker-dealers to trade unlisted stocks. Its OTC Link(tm) platform supports an open network of competing broker-dealers that provide investors with the best prices in over 10,000 OTC securities. In 2010, securities on OTC Link traded over $144 billion in dollar volume, making it the third largest U.S. equity trading venue after NASDAQ and the New York Stock Exchange. OTC Markets categorizes the wide spectrum of OTC-traded companies into three tiers - OTCQX (the quality-controlled marketplace for investor friendly companies), OTCQB(r) (the U.S. reporting company marketplace for development stage companies), and OTC Pink(tm) (the speculative trading marketplace) - so investors can identify the level and quality of information companies provide. To learn more about how OTC Markets Group makes the unlisted markets more transparent, informed, and efficient, visit www.otcmarkets.com.
About CanAm Coal Corp.
CanAm is a coal producer and development company focused on growth through the acquisition, exploration and development of coal resources and resource-related technologies. CanAm's main activities and assets include its four operating coal mines in Alabama, the exclusive rights to a proprietary Coal to Liquids technology which converts coal into liquid fuels (such as oil, jet fuel) at an economical cost with zero airborne emissions and the Buick Coal Project which holds significant coal resources, 188 million indicated and 103 million inferred resources, in Colorado, USA (see the technical report entitled "Limon Lignite Project, Elbert County, Colorado, USA," dated October 26, 2007 and filed on SEDAR on November 2, 2007). Other coal and related opportunities continue to be evaluated on an ongoing basis.
For Further Information:
Tim Bergen, CEO
Toll Free: 1.877.262.5888
Brisco Capital Partners:
Scott Koyich, Partner
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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