 |
| | May 04, 2012
CanAm Coal Reports on Warrant Exercise
|
| |
Calgary, AB -- May 4, 2012 -- CanAm Coal Corp. (TSXV: COE) (OTCQX: COECF) ("CanAm" or the "Company") is pleased to announce that it has raised $282,900 through the exercise of 1,886,000 warrants with an exercise price of $0.15. The warrants were associated with a 2010 round of financing and 77% of warrants expiring on April 28, 2012 were exercised. Proceeds will be used for general operating purposes.
"We are extremely pleased with the continued support of our existing shareholders", said Tim Bergen, CEO of CanAm.
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 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).
For Further Information:
CanAm Corporate Office:
Tim Bergen, CEO
Tel: 403.262.3797
Toll Free: 1.877.262.5888
Email: tbergen@@canamcoal.com
Brisco Capital Partners:
Scott Koyich, Partner
Tel: 403.262.9888
Email: scott@briscocapital.com
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.
This news release may contain certain forward-looking information. All statements included herein, other than statements of historical fact, is forward-looking information and such information involves various risks and uncertainties. There can be no assurance that such information will prove to be accurate, and actual results and future events could differ materially from those anticipated in such information. A description of assumptions used to develop such forward-looking information and a description of risk factors that may cause actual results to differ materially from forward-looking information can be found in the Company's disclosure documents on the SEDAR website at www.sedar.com. The Company does not undertake to update any forward-looking information except in accordance with applicable securities laws.
View Release in PDF Format: |
| |
| |
| | You can view the Next News & Links item: Thu May 31, 2012, CanAm Doubles Production in Q1 as Compared to the Prior Year
You can view the Previous News & Links item: Mon Apr 30, 2012, CanAm Reports Record Production, Revenue and EBITDA for the Fiscal Year ending December 31, 2011
You can return to the main News & Links page, or press the Back button on your browser.
|
|
|
Links
|
