VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 07/02/13 -- Canada Coal Inc. (the "Company" or "Canada Coal"), (TSX VENTURE: CCK) announces that the nominees listed in the management information circular for the 2013 Annual and Special Meeting of shareholders held in Toronto, Ontario on June 27th, 2013, were re-elected as directors of Canada Coal Inc. Detailed results of the vote for the election of directors held at the annual general meeting are set out in the attached table.
Director Votes For % For Votes Withheld % WithheldR. Bruce Duncan 12,156,300 87.18% 1,788,000 12.82%Michael MacDonald 13,944,300 100.00% 0 0.00%Braam Jonker 12,489,800 89.57% 1,454,500 10.43%Thomas A. Fenton 12,489,800 89.57% 1,454,500 10.43%E. Richard Klue 13,944,300 100.00% 0 0.00%William Lindqvist 13,944,000 100.00% 0 0.00%
Shareholders also approved:
-- The reappointment of McGovern Hurley Cunningham LLP as auditor of the company for the ensuing year at the remuneration to be fixed by directors;-- The ratification of the company's rolling stock option plan;
The Company announces it has granted incentive stock options to a certain director to purchase up to a total of 200,000 common shares in the capital stock of the company, exercisable for a period of five years, at a price of $0.20 cents per share.
About Canada Coal
Canada Coal is a publically listed company focused on coal exploration and development in Nunavut. Through its two wholly-owned subsidiaries, Canada Sovereign Coal Corp. and 5200 Nunavut Ltd., Canada Coal holds 75 active licenses comprising approximately 2,442,627 acres located on Ellesmere Island and Axel Hieberg Island in Nunavut (the "Nunavut Coal Property").
On behalf of the Board of Directors
"R. Bruce Duncan"
Executive Chairman & Director
The TSX Venture Exchange has in no way passed upon the merits of the Transaction and 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.
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION
This news release includes certain "forward-looking information" under applicable Canadian securities legislation. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to: general business, economic, competitive, political and social uncertainties; delay or failure to receive regulatory approvals; the price of mineral resources; and the results of current exploration and testing. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. Canada Coal disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
Canada Coal Inc.
R. Bruce Duncan
Executive Chairman & Director