CanAm Coal Corp.
TSX VENTURE : COE

CanAm Coal Corp.

September 20, 2010 16:48 ET

CanAm Coal Corp. Announces Warrant Extension

CALGARY, ALBERTA--(Marketwire - Sept. 20, 2010) - CanAm Coal Corp. (TSX VENTURE:COE) ("CanAm" or the "Company") announces that it has received TSX Venture Exchange approval for an 18 month extension of the term of 2,942,500 common share purchase warrants that were issued by the Company as part of a private placement announced on October 7, 2009. These warrants were set to expire on October 28, 2010 and have an exercise price of $0.15 per common share. The new expiry date of the warrants is April 28, 2012.

The Company is also reporting that Peter Leger, Vice President, has resigned from the Company to pursue other interests. Mr. Leger will remain available to the Company, on an as needed basis, to provide advice in connection with future development opportunities. We would like to thank Peter for his services to the Company and wish him all the best in his future endeavors.

About CanAm Coal Corp.

CanAm is a coal marketing 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 49% owned Alabama coal 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 tons of indicated and 103 million tons of inferred coal 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.

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 law.

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.

Contact Information

  • CanAm Coal Corp. - Corporate Head Office:
    Linden Swensen
    President
    403.262.3797 or Toll Free: 1.877.262.5888
    tbergen@canamcoal.com