CanAm Considers a Diversification Strategy

Oct 24, 2014 (Newsfile Corp via COMTEX)  CanAm Coal Corp. (TSXV: COE) ( CanAm or the Company ) announced today it is in the process of exploring strategic alternatives and opportunities in order to position the Company to generate additional shareholder value. In late 2009, the Company embarked on a strategy of becoming a small to medium sized coal producer through a combination of the acquisition of producing coal assets and an accompanying organic growth strategy. All along, the Company consistently targeted high quality coals that would meet the new environmental regulations and which would service the local utility and industrial user markets. The Company successfully executed on this strategy and in the period 2010 to 2013, CanAm grew coal sales, revenue and EBITDA from 50,000 tons, $5 million and ($0.2) million to 680,000 tons in coal sales, $62 million in revenue and $10.5 million in EBITDA from operations. Through the second quarter of 2014, the Company delivered coal sales,
http://bit.ly/1sheYfk