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Article: Canarc Resource Corp.: Shareholder Update-Third Quarter Review 2009.
- Article from:
- Marketwire Canada
- Article date:
- October 15, 2009
CopyrightCOPYRIGHT 2009 Canadian Corporate News. News Provided by Comtex. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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VANCOUVER, BRITISH COLUMBIA, Oct 15, 2009 (Marketwire via COMTEX) -- Bradford Cooke, Chairman and CEO of Canarc Resource Corp. (TSX:CCM)(OTCBB:CRCUF)(DBFrankfurt:CAN), provides the following review of the Third Quarter and the Outlook for the Fourth Quarter of 2009.
Q3 Highlights and Q4 Outlook
-- Acquired an option to purchase the Tay-LP gold property located within
the Tintina Gold Belt of the Yukon Territory over a three year period
for CA$1 million in cash and/or shares and CA$1.5 million in exploration
expenditures.
-- Oversubscribed two private placement financings, subject to TSX
approval, and commenced a 2000 meter drilling ...