| Home : January 2011 : January 07, 2011 News : CanAm Coal Closes $100,000 Private Placement |
CanAm Coal Closes $100,000 Private Placement |
January 07, 2011
CALGARY, ALBERTA--(Marketwire - Jan. 6, 2011) - Further to a press release dated January 4, 2011, CanAm Coal Corp. (TSX VENTURE:COE) ("CanAm" or the "Company") has closed the non-brokered private placement of 408,164 units at a price of $0.245 per unit for gross proceeds of $100,000. Each unit consists of one common share and one common share purchase warrant. Each warrant is exercisable at $0.32 per common share for a period of two years from closing. All of the securities issued in connection with the private placement are subject to a four-month and one day hold period (until May 7, 2011).
http://www.marketwire.com/mw/release.do?id=1377070&sourceType=3
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