CanAm Holds AGM, Appoints New Director and Provides Corporate Update
12 März 2014 - 3:11PM
Access Wire
Calgary, AB / ACCESSWIRE / March 12,
2014 / CanAm Coal Corp. (TSXV: COE) ("CanAm" or the
"Company") held its Annual General and Special Meeting of
Shareholders (the "AGM") on February 28, 2014 and is pleased to
announce that all of the resolutions put forth at the AGM were
approved with all resolutions receiving greater than 97% of the
votes received for the resolution. The six members of the board of
directors re-elected at the meeting are Jonathan Legg, Timothy J.
Bergen, Robert G. Power, Timothy Nakaska, Steve Somerville and Jos
De Smedt. Mr. Thomas Lewis was appointed as a new director to the
Board. Information concerning the directors who were elected at the
meeting and the matters that were approved by shareholders at the
meeting can be found in CanAm's information circular dated January
21, 2014 and filed on SEDAR on February 18, 2014.
Mr. Lewis is
currently the Vice President & Treasurer of Birmingham Coal and
Coke, Inc. ("BCC") and Cahaba Contracting and Reclamation, LLC
("CCR"), both subsidiaries of the Company. BCC and CCR are the
Alabama based entities that carry on the coal mining operations of
the Company in the state of Alabama. Mr. Lewis is a co-founder of
BCC and CCR and, over a twenty-plus year period, has worked and
built BCC and CCR into one of the premier coal mining companies in
Alabama. Throughout his career in the industry, Mr. Lewis has
mined, bought and/or sold most of the coal seams available in
Alabama. He has been involved in every aspect of coal mine
development and has developed extensive relationships with
industrial coal users in Alabama.
"We are excited
about having Tom join our board and compliment our team with the
required mining and operational expertise" said Jon Legg, Chairman
of the Board. "His mining credentials are extensive and his
knowledge of the local Alabama coal markets will serve our Company
well as we continue to explore opportunities for growth in the
years to come".
At the meeting, management
also provided an investor update and the corporate presentation is
posted on the Company's website at www.canamcoal.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 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 Office:
Jos De Smedt, President &
CEO
Tel: 403.262.3797
Toll Free: 1.877.262.5888
Email: jdesmedt@canamcoal.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.
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