|By Marketwired .||
|November 30, 2012 07:00 AM EST||
CALGARY, ALBERTA -- (Marketwire) -- 11/30/12 -- CanAm Coal Corp. (TSX VENTURE:COE)(OTCQX:COECF) ("CanAm" or the "Company") is pleased to announce the appointment of Jos De Smedt as Chief Executive Officer of the Company. Jos replaces Tim Bergen who, as announced in October, took the decision to step down as CEO in order to assume the role of Vice Chairman of the Board responsible for business development. Jos' appointment to President and Chief Executive Officer is effective immediately.
Commenting on Mr. De Smedt's appointment, Jon Legg, Chairman of the Board noted: "Jos De Smedt and Tim Bergen have proven to be outstanding partners over the last several years, as we have grown the Company consistently in our goal to achieve 1 million tons of production, with a high degree of margin certainty. Over the next several years, the Company is fully focused on executional excellence and consistently delivering results that will allow the Company to grow organically and ultimately through further acquisitions. With Tim's decision to assume a non-executive role focusing primarily on strategy; we are delighted to announce Jos as the new CEO. Jos' leadership skills and operational excellence are proven both at CanAm and in his previous roles at IBM and PwC. He has consistently managed complexity and volatility in an optimal manner and we are delighted that Jos will lead our Company as we execute on the next phase of our strategy, to differentiate ourselves through consistently accretive earnings and shareholder value."
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.
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.
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.
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