CanAm Coal Corp. Joins OTCQX
(Thomson Reuters ONE) -
July 21, 2011 - Calgary, Alberta, Canada - CanAm Coal Corp. (TSX-V: COE; OTCQX:
COECF) ("CanAm" or the "Company") is pleased to announce that its common shares
have commenced trading on the OTC market's highest tier, OTCQX®, under the name
CanAm Coal Corp., symbol "COECF". CanAm's common shares continue to trade on the
TSX Venture Exchange under the symbol "COE".
"CanAm Coal has 100% of its coal mining operations in the United States and we
are excited that U.S. investors now have the opportunity to invest in CanAm.
When it comes to coal, U.S. investors are very educated and typically coal
companies trade on a higher multiple compared to most other markets," said
CanAm's C.E.O, Tim Bergen. "The OTCQX has earned a strong reputation for
providing U.S. investors with improved liquidity, transparency, superior
information, and easy trading access through a U.S. regulated broker-dealer
network," added Tim.
"The superior information and visibility of the OTCQX marketplace allows
companies to efficiently build investor confidence and expand their shareholder
base," said R. Cromwell Coulson, President and Chief Executive Officer of OTC
Markets Group. "We are pleased to welcome CanAm Coal to OTCQX."
OTCQX International. Investors can find current financial disclosure and Real-
Time Level 2 quotes for the Company on www.otcqx.com and www.otcmarkets.com.
About OTC Markets Group Inc.
OTC Markets Group Inc. (OTCQX: OTCM) operates the world's largest electronic
marketplace for broker-dealers to trade unlisted stocks. Its OTC Link((TM))
platform supports an open network of competing broker-dealers that provide
investors with the best prices in over 10,000 OTC securities. In 2010,
securities on OTC Link traded over $144 billion in dollar volume, making it the
third largest U.S. equity trading venue after NASDAQ and the New York Stock
Exchange. OTC Markets categorizes the wide spectrum of OTC-traded companies into
three tiers - OTCQX (the quality-controlled marketplace for investor friendly
companies), OTCQB(®) (the U.S. reporting company marketplace for development
stage companies), and OTC Pink((TM)) (the speculative trading marketplace) - so
investors can identify the level and quality of information companies provide.
To learn more about how OTC Markets Group makes the unlisted markets more
transparent, informed, and efficient, visit www.otcmarkets.com.
About CanAm Coal Corp.
CanAm is a coal producer 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 four operating coal
mines in Alabama, 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 indicated and 103 million inferred
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.
For Further Information:
CanAm Corporate:
Tim Bergen, CEO
Tel: 403.262.3797
Toll Free: 1.877.262.5888
www.canamcoal.com
Email: tbergen(at)canamcoal.com
Brisco Capital Partners:
Scott Koyich, Partner
Tel: 403.262.9888
Email: scott(at)briscocapital.com
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.
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: CanAm Coal Corp. via Thomson Reuters ONE
[HUG#1532491]
Unternehmensinformation / Kurzprofil:
Datum: 21.07.2011 - 10:02 Uhr
Sprache: Deutsch
News-ID 56597
Anzahl Zeichen: 4748
contact information:
Town:
Calgary, AB
Kategorie:
Business News
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"CanAm Coal Corp. Joins OTCQX"
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