| Home : July 2012 : July 27, 2012 News : CanAm Announces Intent to Exercise Its Option to Acquire an Additional 30% of Birmingham Coal & Coke and Private Placement |
CanAm Announces Intent to Exercise Its Option to Acquire an Additional 30% of Birmingham Coal & Coke and Private Placement |
July 27, 2012
CALGARY, ALBERTA--(Marketwire - July 27, 2012) - CanAm Coal Corp. (TSX VENTURE:COE) (OTCQX:COECF) ("CanAm" or the "Company") is pleased to announce that CanAm is exercising its option to acquire an additional 30% ownership interest in its principal U.S. mining operations (the "Transaction") for a purchase price of US$11,505,682. The Transaction will be completed through the purchase of additional equity interests in the capital of Birmingham Coal & Coke Co., Inc and Cahaba Contracting & Reclamation LLC (collectively referred to as "BCC") under an existing option and will be effective as of July 1, 2012.
http://www.marketwire.com/mw/release.do?id=1684668&sourceType=3
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