February 14, 2014 16:01 ET
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Feb. 14, 2014) - Canada Coal Inc. (the "Company" or "Canada Coal"), (TSX VENTURE:CCK) announces that Mr. Jonker has resigned as President, CEO and director of Canada Coal to focus his efforts on his other business interests. The resignation is effective on February 28th, 2014. The Company is pleased to announce that R. Bruce Duncan, Executive Chairman of Canada Coal, will assume the role of President and CEO upon Mr. Jonker's departure.
R. Bruce Duncan, Executive Chairman of Canada Coal stated, "We are continuing our efforts to develop Canada Coal's potential as a world class coal asset and working with community and government stakeholders towards energy independence for the people of Nunavut." Mr. Duncan goes on to say, "I want to thank Mr. Jonker for his contributions to Canada Coal and we wish him all the best in his future endeavors."
About Canada Coal
Canada Coal is a publically listed company focused on coal exploration and development in Nunavut. Through its two wholly-owned subsidiaries, Canada Sovereign Coal Corp. and 5200 Nunavut Ltd., Canada Coal holds 86 active licenses comprising approximately 2,722,627 acres located on Ellesmere Island and Axel Hieberg Island in Nunavut (the "Nunavut Coal Property"). Multiple high quality thermal coal deposits were discovered on the Company's arctic coal license areas located in Nunavut through its 2012 exploration program. Well over 100 coal seams on the Company's Fosheim Peninsula project area were assessed, resulting in the identification of extensive zones of low-sulphur, low-ash, subbituminous, thermal coal. The Fosheim Peninsula is the company's primary exploration target and one of six coal license areas currently owned by the Company.
On behalf of the Board of Directors
R. Bruce Duncan, Executive Chairman
The TSX Venture Exchange has in no way passed upon the merits of the Transaction and 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.
Canada Coal Inc.R. Bruce DuncanExecutive Chairman1email@example.com
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