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| Home : CanAm Coal Announces Completion of $153,000 Private Placement |
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Mar 21
2012 |
CanAm Coal Announces Completion of $153,000 Private Placement |
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CALGARY, ALBERTA--(Marketwire - March 21, 2012) - Further to a press release dated March 13, 2012, CanAm Coal Corp. (TSX VENTURE:COE) (OTCQX:COECF) ("CanAm" or the "Company") is pleased to announce that it has completed the non-brokered private placement of 900,000 units at a price of $0.17 per unit for gross proceeds of $153,000. Each unit consists of one common share and one half common share purchase warrant. Each warrant is exercisable at $0.22 per common share for a period of two years from closing. This private placement was fully subscribed for by Mr. Scott Bolton, who has been appointed Chief Financial Officer of the Company, and by Mr. Timothy Nakaska, a director of the Company. All of the securities issued in connection with the private placement are subject to a four month and one day hold period (until July 22, 2012). |
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| Source:http://www.marketwire.com/mw/release.do?id=1634751&sourceType=3 |
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