CALGARY, Alberta, Sept. 10, 2013 (GLOBE NEWSWIRE) -- CanAm Coal Corp. (TSX-V:COE) (OTCQX:COECF) ("CanAm" or the "Company") announces that, subject to regulatory approval, on August 27, 2013, it granted a total of 1,650,000 options to officers and directors of the Company to purchase common shares of the Company in accordance with the Company's stock option plan. The options expire ten years from the date of grant and will vest at a rate of one sixth every three months. The options have an exercise price of $0.10 per common share.
The Company has determined that there are exemptions available from the various requirements of TSX Venture Policy 5.9 and Multilateral Instrument 61-101 for the issuance of the options to directors, officers and employees of the Company (Formal Valuation - Issuer Not Listed on Specified Markets; Minority Approval - Fair Market Value Not More Than $2,500,000).
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 news release may contain certain forward-looking information. All statements included herein, other than statements of historical fact, is forward-looking information and such information involves various risks and uncertainties. There can be no assurance that such information will prove to be accurate, and actual results and future events could differ materially from those anticipated in such information. A description of assumptions used to develop such forward-looking information and a description of risk factors that may cause actual results to differ materially from forward-looking information can be found in the Company's disclosure documents on the SEDAR website at www.sedar.com. The Company does not undertake to update any forward-looking information except in accordance with applicable securities laws.
CONTACT: For Further Information: CanAm Corporate Office: Jos De Smedt, President & CEO Tel: 403.262.3797 Toll Free: 1.877.262.5888 Email: firstname.lastname@example.orgSource:CanAm Coal Corp.