|By Marketwired .||
|March 18, 2014 08:00 AM EDT|
VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 03/18/14 -- Canarc Resource Corp. (TSX: CCM)(OTCBB: CRCUF)(DBFrankfurt: CAN) announces that it has closed the first tranche of its previously announced non-brokered private placement equity financing.
The first tranche of the private placement consisted of 10.6 million units priced at CAD$0.10 each for total proceeds of CAD$1,060,000. Each unit is comprised of one common share and one-half of a whole share purchase warrant. Each full warrant entitles the holder to purchase one additional share at CAD$0.15 for a three year period. A total of CAD$66,200 and 661,720 broker warrants as finders' fees will be paid to arms-length parties for placing a portion of the financing. The shares and units are subject to a four month plus one day hold period from the closing date of the private placement. This Private Placement and the subscription of the purchasers are independent and separate of the proposed transaction announced on February 24, 2014. The net proceeds of the unit private placement will be used for working capital purposes.
The Company also announces that its due diligence efforts with respect to complete a business combination whereby Canarc may acquire all of the outstanding common shares of Pan American Goldfields Ltd. ("Pan American") are progressing and the Company expects to enter into a definitive agreement with Pan American before June 30, 2014.
Catalin Chiloflischi, CEO, CANARC RESOURCE CORP.
About Canarc Resource Corp. - Canarc is a growth-oriented, gold exploration and mining company listed on the TSX (CCM) and the OTC-BB (CRCUF). The Company is currently seeking a partner to advance its core asset, the 1.1 million oz, high grade, underground, New Polaris gold mine project in British Columbia, to feasibility. Canarc is also seeking to acquire an operating or pre-production gold mine in the Americas.
Cautionary Note Regarding Forward-Looking Statements
This news release contains "forward-looking statements" within the meaning of the United States private securities litigation reform act of 1995 and "forward-looking information" within the meaning of applicable Canadian securities legislation. Such forward-looking statements and information herein include, but are not limited to, statements regarding Canarc's future performance, including anticipated acquisitions, exploration, development, production, revenues, cash costs, capital costs, timing and expenditures to develop new mines and mineralized zones, gold grades and recoveries, and the use of the Company's working capital. The Company does not intend to, and does not assume any obligation to update such forward-looking statements or information, other than as required by applicable law.
Dec. 3, 2016 01:15 AM EST Reads: 840
Dec. 3, 2016 12:30 AM EST Reads: 1,516
Dec. 3, 2016 12:15 AM EST Reads: 1,745
Dec. 2, 2016 11:15 PM EST Reads: 883
Dec. 2, 2016 11:15 PM EST Reads: 1,673
Dec. 2, 2016 10:30 PM EST Reads: 1,723
Dec. 2, 2016 08:30 PM EST Reads: 4,972
Dec. 2, 2016 08:30 PM EST Reads: 358
Dec. 2, 2016 08:15 PM EST Reads: 1,558
Dec. 2, 2016 07:00 PM EST Reads: 3,917
Dec. 2, 2016 06:45 PM EST Reads: 3,984
Dec. 2, 2016 06:30 PM EST Reads: 1,476
Dec. 2, 2016 05:15 PM EST Reads: 369
The cloud promises new levels of agility and cost-savings for Big Data, data warehousing and analytics. But it’s challenging to understand all the options – from IaaS and PaaS to newer services like HaaS (Hadoop as a Service) and BDaaS (Big Data as a Service). In her session at @BigDataExpo at @ThingsExpo, Hannah Smalltree, a director at Cazena, provided an educational overview of emerging “as-a-service” options for Big Data in the cloud. This is critical background for IT and data professionals...
Dec. 2, 2016 05:00 PM EST Reads: 4,076
@GonzalezCarmen has been ranked the Number One Influencer and @ThingsExpo has been named the Number One Brand in the “M2M 2016: Top 100 Influencers and Brands” by Onalytica. Onalytica analyzed tweets over the last 6 months mentioning the keywords M2M OR “Machine to Machine.” They then identified the top 100 most influential brands and individuals leading the discussion on Twitter.
Dec. 2, 2016 04:45 PM EST Reads: 1,970