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Calgary, AB / ACCESSWIRE / June 30, 2014 / CanAm Coal Corp. (COE.V) ("CanAm" or the "Company") is announcing the resignations of Robert Power and Steve Somerville from the Board of Directors, effective today.
Mr. Power joined the board in 2010. Mr. Somerville joined the board in 2012. Both Mr. Somerville and Mr. Power are resigning from the board to free up time to pursue their other business initiatives. Going forward, both Steve and Rob have agreed to provide advice to the Board on an as needed basis,
Commenting on the resignations, Jon Legg, Chairman of CanAm's Board of Directors commented: "We are grateful for Rob and Steve's commitment and expertise in helping the Company reposition itself strategically and structurally. With the key pieces of our financial plan announced or already in place, the Company can fully focus on operational execution. We are grateful for Rob and Steve's guidance and advice in helping get us to this point and we wish them every success in the future."
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.
Forward-Looking Information and Statements
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. SOURCE: CanAm Coal Corp.
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CanAm Coal Corp
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CODE : COE.V |
ISIN : CA1370981096 |
CUSIP : 137098109 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
CanAm Coal is a coal exploration company based in Canada. CanAm Coal holds various exploration projects in USA. Its main exploration properties are TITANIUM RIDGE and STRONG CREEK in USA. CanAm Coal is listed in Canada. Its market capitalisation is CA$ 1.5 millions as of today (US$ 1.2 millions, € 1.1 millions). Its stock quote reached its highest recent level on July 13, 2007 at CA$ 0.49, and its lowest recent point on August 12, 2015 at CA$ 0.01. CanAm Coal has 304 329 984 shares outstanding. |