CanAm Grants Stock Options
20 June 2013 - 1:03AM
Access Wire
Calgary, AB - June 19, 2013 - CanAm Coal Corp. (TSXV: COE) (OTCQX: COECF) ("CanAm" or the
"Company") announces that, subject to regulatory approval, on March
7, 2013, it granted a total of 200,000 options to a director of the
Company to purchase common shares of the Company in accordance with
the Company's stock option plan. The options expire ten years from
the date of grant and will vest at a rate of one sixth every three
months. The options have an exercise price of $0.14 per common
share.
The Company has determined that there are exemptions available from
the various requirements of TSX Venture Policy 5.9 and Multilateral
Instrument 61-101 for the issuance of the options to directors,
officers and employees of the Company (Formal Valuation - Issuer
Not Listed on Specified Markets; Minority Approval - Fair Market
Value Not More Than $2,500,000).
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). Other
coal and related opportunities continue to be evaluated on an
ongoing basis.
For Further
Information:
CanAm Corporate Office:
Jos De Smedt,
President & CEO
Tel: 403.262.3797
Toll Free: 1.877.262.5888
Email:
jdesmedt@canamcoal.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.
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