Calgary, AB / 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
Toll Free: 1.877.262.5888
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.
Release ID: 35859