CanAm Announces Issuance of Cease Trade Order

CALGARY, AB / ACCESSWIRE / May 7, 2015 / CanAm Coal Corp. (TSX VENTURE: COE) (“CanAm” or the “Company”) announces that the Company has received notice from the Alberta Securities Commission (“ASC”) that a general cease trade order has been issued, in connection with the Company’s previously released failure to file its audited consolidated financial statements for the year ended December 31, 2014 and its related management’s discussion and analysis and management certifications (collectively, the “Required Filings”) on or before the prescribed deadline of April 30, 2015. The cease trade order prevents trading or purchasing in respect of each security of the Company.

In order to have the cease trade order revoked, the Company would need to file any outstanding continuous disclosure, pay any outstanding fees and make an application for a cease trade order revocation in accordance with National Policy 12-202 – Revocation of a Compliance-Related Cease Trade Order.

For Further Information:

CanAm Corporate Office:
Jos De Smedt, 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.

This news release may contain certain forward-looking information including management’s and the Board of Directors’ assessment of the Company’s ability to complete the Required Filings, the availability of the funds required to do so, and a favorable ruling by applicable securities regulators upon the Company’s application for a cease trade order revocation in the event such an application is made. 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 forward-looking 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 certain additional forward-looking information and a description of risk factors that may cause actual results to differ materially from such certain 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.

SOURCE: CanAm Coal Corp.

ReleaseID: 428618