NYSEAM:COE - Post by User
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Zorro99on May 04, 2012 9:25am
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CanAm Coal Reports on Warrant Exercise
CanAm Coal Reports on Warrant Exercise CanAm Coal Reports on Warrant Exercise
CALGARY, ALBERTA--(Marketwire - May 4, 2012) - CanAm Coal Corp. (TSX VENTURE: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
.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.