Stocks & Investing
Stocks and Investing
Stocks and Investing
Tue, June 5, 2012 
June 05, 2012 09:01 ET
Scott Bolton Becomes CFO at CanAm Coal
CALGARY, ALBERTA--(Marketwire - June 5, 2012) - CanAm Coal Corp. (TSX VENTURE:COE)(OTCQX:COECF) ("CanAm" or the "Company") is pleased to announce that effective June 1, 2012, Mr. Scott Bolton has formally joined the Company as Chief Financial Officer. Concurrent with this appointment, Mr. Jos De Smedt, the former CFO has assumed the role of President and Chief Operating Officer. Mr. Tim Bergen continues in his role as Chief Executive Officer.
Mr. Bolton was formerly a Senior Partner and Canadian Energy Leader with PwC, based in Calgary. Scott brings considerable experience in a broad range of technical areas including business strategy, mergers and acquisitions, accounting and auditing, and valuations. A Chartered Accountant by training, Mr. Bolton worked for PwC for 27 years, including 15 years as a Partner.
"I am excited to join CanAm, a company that has transformed itself into a profitable coal producer and is poised for significant growth in the years to come. I am looking forward in working with the leadership team as we execute on our strategic plan to achieve an annual production target of 3 million tons in the next 3 to 5 years", said Scott Bolton.
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.
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.
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.
