Radar Acquisitions Corp.

Radar Acquisitions Corp.

May 06, 2010 08:00 ET

Radar Acquisitions Corp. Changing Name to CanAm Coal Corp.

CALGARY, ALBERTA--(Marketwire - May 6, 2010) - Radar Acquisitions Corp. (TSX VENTURE:RAC) ("Radar" or the "Company") is pleased to announce that, following shareholder approval at its annual general meeting on Sept 25, 2009, the Company has decided to proceed with a name change in order to better align the name of the Company with its actual activities and operations. The new name of the Company will be CanAm Coal Corp. and the new symbol will be COE.

"This name change will provide more clarity to the marketplace as our activities and operations have transitioned from an exploration company to a focused coal development, and more importantly, coal producing company. The reference to our geographical reach, Canada (Can) and the United States of America (Am), is also a key aspect of the growth strategy of our Company" said Timothy Bergen.

The name change is subject to acceptance by the TSX Venture Exchange and is anticipated to occur in mid-May 2010. A further news release will be issued when the Company has confirmation of the commencement of trading under the new name "CanAm Coal Corp." and the new symbol "COE".

About Radar Acquisitions Corp.

Radar is a natural resource development company focused on growth through the acquisition, exploration and development of coal resources and resource-related technologies. Radar's main activities and assets include its 49% owned Alabama coal mine operations, the exclusive rights to a proprietary Coal to Liquids technology which converts coal into liquid fuels (such as oil, jet fuel) at an economical cost with zero airborne emissions 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 more information about Radar, go to www.radar.ab.ca.

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.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that terms is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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