ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for alerts Register for real-time alerts, custom portfolio, and market movers

CCK Canada Coal (delisted)

0.04
0.00 (0.00%)
23 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Canada Coal (delisted) TSXV:CCK TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.04 0.035 0.04 0 01:00:00

Canada Coal to Evaluate New Projects from Various Industry Sectors

27/03/2014 12:00pm

Marketwired Canada


Canada Coal Inc. (the "Company" or "Canada Coal"), (TSX VENTURE:CCK) announces
that management is actively evaluating new projects in both the resource and
non-resource sectors. At this time, no transactions are in place, nor are there
any assurances that a new transaction will be concluded in the future.


R. Bruce Duncan, President & CEO of Canada Coal Inc. stated, "We are excited
about the potential of our Nunavut Coal Project but in light of the prolonged
moratorium on exploration activity associated with continued stakeholder
consultations (see NR dated December 17, 2013) we would be doing a disservice to
our shareholders to not investigate other opportunities that may increase
shareholder value. Canada Coal is currently trading at or below cash value and
management will be focusing on adding new corporate drivers in the short term."


About Canada Coal 

Canada Coal is a publicly listed company focused on coal exploration and
development in Nunavut. Through its two wholly-owned subsidiaries, Canada
Sovereign Coal Corp. and 5200 Nunavut Ltd., Canada Coal holds 59 active and 9
pending coal exploration licence blocks totalling 1,769,539 acres located
primarily on Ellesmere Island in Nunavut (the "Nunavut Coal Property"). 


On behalf of the Board of Directors

R. Bruce Duncan, President and Chief Executive Officer 

The TSX Venture Exchange has in no way passed upon the merits of the Transaction
and 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. 


FORWARD LOOKING STATEMENTS: This news release contains "forward-looking
information" within the meaning of Canadian securities legislation, which
relates to future events or future performance and reflect management's current
expectations and assumptions. All information contained herein that is not
clearly historical in nature may constitute forward-looking information. Such
forward-looking statements reflect management's current beliefs and are based on
assumptions made by and information currently available to the Company.
Investors are cautioned that these forward looking statements are neither
promises nor guarantees, and are subject to risks and uncertainties that may
cause future results to differ materially from those expected. Such
forward-looking statements involve known and unknown risks and uncertainties, as
discussed in the Company's filings with Canadian securities agencies. Various
factors may prevent or delay Company's plans, including but not limited to, (i)
contractor availability and performance, (ii) weather, (iii) access, (iv)
mineral prices, (v) success and failure of the exploration and development
carried out at various stages of the program, and (vi) general business,
economic, volatile stock price, competitive, political and social conditions. As
a consequence, actual results may differ materially from results forecast or
suggested in these forward-looking statements and readers should not place undue
reliance on forward-looking statements. These forward-looking statements are
made as of the date hereof and, except as required under applicable securities
legislation, the Company does not intend, and expressly disclaims any intention
or obligation to, update or revise any forward-looking statements whether as a
result of new information, future events or otherwise. All of the
forward-looking statements made in this press release are qualified by these
cautionary statements and by those made in our filings with SEDAR in Canada
(available at www.sedar.com).


FOR FURTHER INFORMATION PLEASE CONTACT: 
Canada Coal Inc.
R. Bruce Duncan
President and Chief Executive Officer
1-604-638-0971
info@canadacoal.com
www.canadacoal.com

1 Year Canada Coal Inc. Chart

1 Year Canada Coal Inc. Chart

1 Month Canada Coal Inc. Chart

1 Month Canada Coal Inc. Chart