CanAm Renews Customer Contracts for 2014 and Beyond
January 07 2014 - 8:30AM
Access Wire
Calgary, AB - January 7, 2014
- CanAm Coal Corp. (TSXV: COE) (OTCQX: COECF)
("CanAm" or the "Company") is pleased to report that it has renewed
two customer contracts that expired on December 31, 2013. Both
contracts are with industrial users and total contracted volume for
2014 is 96,000 to 120,000 tons at pricing which is either the same
or slightly up from 2013. One of the customers increased its volume
commitment for 2014 by 50%. Also, one contract extends into 2017
which include price escalation provisions for each of the contract
years.
"We are very excited
about this renewed commitment from our customers," said Jos De
Smedt, President & CEO of the Company. "This is further
evidence of the quality of our coals and the outstanding service
that our team delivers on a day-to-day basis to our customers and
this has certainly paid off with increased volumes and a commitment
into 2017 from one of our customers."
About
CanAm Coal Corp.
CanAm
is a coal producer and development company focused
on growth through the acquisition, exploration and development of
coal resources. CanAm's main activities and assets include its
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.
Forward-Looking
Information and Statements
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.
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