Pan American Goldfields Ltd. (fka MXOM)

[lcky_jk]

Mxom is the buy at 5 cents if you want in with CRCUF.

I think we agree.

Especially with the warrants being offered at the strike price of 15c

The shares you lose (82%) when the merger occurs will be gained back if the sp goes to the 15c in 3 years.

[Gaintrader]

Not how I am reading into your comments at all.

Although only relatively applicable to MXOM in a satellite way, this very recent conference call transcript provides some good insight into where I strongly believe Canarc's management is seeking to go with this merger. Particularly the discussion of the El Cubo mine. If you have not yet reviewed it, it provides a good read on some of Canarc's management team, and how I believe they will be attempting to manage the Cieneguita mine going forward.

http://seekingalpha.com/article/2082153-endeavour-silvers-ceo-discusses-q4-2013-results-earnings-call-transcript?source=etrade

This article provides some valuable insight into how some of the upcoming Mexican mine tax details might be being developed, that may influence mine management decisions going forward.

http://seekingalpha.com/article/2084523-endeavour-silver-getting-ready-for-the-next-silver-rally?source=etrade

I think the "deal" goes through too, bolstered by MXOM's other non-producing assets located in some of the mining jurisdictions Brad has indicated he is very interested in (second article).

[lcky_jk]

Sorry if it appears that I am down playing CRCUF's current projects.

This (MXOM) was expected to be bought by a major producer not a junior. (From what I read on CRCUF management this could turn out good.)

I think the "deal" goes through.

MXOM has positioned themselves in a corner and need a "bail out".

[Gaintrader]

Thanks for that clarification, it adds sugar to the pie!, I'm looking forward to the next leg up on some good news. Best wishes for some real good luck soon with $MXOM, and $CRCUF.

[lcky_jk]

The "value at .20" cents is with the current production agreement with MRT. (It is only a "pilot mine".)

Keep in mind M3 drew up a "full scale mine" in the PEA. (They do not do small scale analysis.). It had a $485m mine cost with a payback in 3 years.

Mine life was 25 years. This is the lowest cost open pit mining at $500 per ounce.

It should be good for Carnac going in with a scaled down mine.

[Gaintrader]

Thanks for your opinions, I appreciate your insight. I had a small order fill yesterday @ .044. If it drops to the mid to lower threes I might pick up some more. I do trust Canarc, and now see PanAm shares as a good discounted way to gain some good leverage on my Canarc position, as long as the merger is closed.

The whole Vortex thing did seem like a strange turn of events, but if the mine has been valued at around .20 per at 100 M shares it appears further dilution would be my main concern, if the merger were to be scrapped.

The way I see Canarc is that the lack of a reliable cash flow stream has been the only thing that has held them back thus far, and they have just refused to give up attempting to create some.

PS I understand the whole "bag holder" feeling (been there on other plays) and can say in most cases patience is the main key.

[LumberDoktor]

?#?Gold? Penny stock with HUGE upside potential - ?#?Breakout? ALERT Jr. Gold Explorer To Become Producer
Canarc Resource Corp $CRCUF, the sister of $EXK nearing end of Private Placement and transaction with Pan American -$MXOM
Buying this gem for .08 a share and float of 133M - You BET WE ARE! This could easily take out the 52 week high near term.
Buying $CRCUF at these levels is a no brainier.

This is exactly like $EXK with the same Management and business model.

EXK for example took a company in 2003 from a .10 stock and $300,000 of working capital to a high grade discovery miner in 6 months.

EXK's market cap has reached over $1 Billion and currently sits at $551M with a PPS of $5.45 and a high of roughly $15.50 in 2011.

An interesting fact to point out is that EXK who is the same management and board members of Canarc has operated in Mexico for over a decade now in Silver mining operations.

I want to emphasize the parallel of EXK and CRCUF for one very important reason. They are essentially the same people. They share the same office in Vancouver BC and Brad Cooke has a track record that is something to behold.

By buying up under performing gold mines in Mexico like EXK did with Silver, and following a business model which is hard to duplicate unless you are Brad Cookes' team, I think this is the beginning of the end of a .10 CRCUF stock and the introduction of the rise of a their second beast of a company - this time in the precious yellow metal.

[LumberDoktor]

#?Gold? ?#?Penny? ?#?Stock? ?#?institutional? ?#?buying? Today.
Canarc Resource Corp. OTCBB: $CRCUF - ?#?TSX? $CCM

HUGE ?#?Volume? poured into the stock today but moreover its WHO was buying near the end of the day that's important. ?#?Institutions?.

In the last hour of the day Groups named CIBC World Markets Inc. came in and bought up a HUGE amount of shares totaling over $100,000

CIBC purchases

Time Price Shares Change Buyer
03/13/2014 3:50 PM EDT 0.095 176,000 0 079 033
03/13/2014 3:50 PM EDT 0.095 80,000 0 079 033
03/13/2014 3:50 PM EDT 0.095 736,000 0 079 033

Other Institutional names who added today were:

RBC Capital Markets

PI Financial Corp

Instinet Canada Limited

Other trades included private investors.

Expect this companies stock to rise and take out the 52 week high of .24 in CRCUF prior to announcement of Pan American Deal.

Follow us on FB at Jacobsen Enterprises and Twitter @TheLumberDoktor

[lcky_jk]

Gaintrader,

I wish you the best and the following is only my opinion. Obviously, I am a "bag holder" at this point. Therefore, my "opinion" loses credibility.

Keep in mind the current (vortex) management bought enough shares to oust the previous management. (They won the votes to have them taken out.).

As I understand they are out if Hong Kong....they bought at an average of 25 cents or something like that.

An evaluation a while back indicated that the mine is worth 20 cents if no improvements were made and everything continued as it stands today.

Management racked up debt trying to promote the stock and complete economic studies. (They were only interested in selling the asset.)

I think this deal will close. I think it is a great fit for CRCUF. The mine already has permits / production. This means that any good management can step in...find the current "bottleneck" and increase production instantly on any $$$ spent. (Every $ spent will result in an increase in production.)

As with the Polaris project...they are a long stretch from "producing".

With CRCUF wanting to produce verses sell the asset the mentality will be totally different. CRCUF more than doubles it's "gold equivalent" with the acquisition. (M3 had it at 1.7m ounces.....as I understand Polaris is about 1m "gold equivalent".). Keep in mind it is believed that there would be more gold found with a further evaluation from M3. (It cost more money than the mine production could offset.). As I understand management needed 6m more to pay for the PEA that they wanted...which they felt would offer a better assessment of the mine.

It is a steak for CRCUF. Perfect match!!!

However, if for some reason that CRCUF decides against the project Mxom is at risk. I believe that to be the reason for the immediate 2m worth of additional shares. (The current debt needs to be covered immediately.)

This you see the share price. There is risk. No, I am not going to throw more money at this.

However, if gold returns to its peak and Polaris project comes on....this could be huge 3-5 years out.

[Gaintrader]

Just curious what if anything you have or will be doing in regard to where your MXOM position sits, in consideration of the proposed merger.

More specifically;
Have you, or are you disinterested in averaging down on your original MXOM position? & why or why not?
What do you believe the are chances that this proposed merger will be closed?
What do you believe a fair cash offer should be in a PPS amount, in the event this merger is not closed?

I am sincerely requesting your views from a seasoned MXOM shareholder's standpoint, to utilize in my considerations in now starting up a position in MXOM. I will respect and appreciate the answers you may be willing to provide.

I am seeing the current lucrative opportunity to add to my CRCUF position as appealing, if the merger closes, and also see today's mid .04 range as a relatively reasonable and safe entry point even if it does not.

Thanks in advance for your thoughts.

[Pro-Life]

Agreed... Hahahahahaha... time to hit the 'start brew' button!!!

[Hacktheripper]

Yep, with inflation fears, Gas Prices Rising, Precious metals rising, Electric cars, Lithium demand. The usual sectors will pop in the next few weeks/months.

With the usual sectors, comes the usual suspects.

Green screens to all.

I kneed tooo wurk on mi speling & gramer
Have not had my coffee yet.

[Pro-Life]

The deal coming will be good for all involved... this sector will become a flurry of M&A activity... exciting times ahead.

[Hacktheripper]

Is there gold in them thar hills?

[Pro-Life]

$MXOM

DD Notes ~ http://www.ddnotesmaker.com/MXOM

##### recent news/filings ~ source: finance.yahoo.com

Mon, 24 Feb 2014 13:54:12 GMT ~ Canarc Resource and Pan American Goldfields Sign Letter of Intent With Respect to a Business Combination
[Marketwired] - Pan American Goldfields Ltd. , is pleased to announce the signing of a letter of intent with Canarc Resource Corp. with respect to a business combination whereby Canarc may acquire all of the outstanding ...
read full: http://finance.yahoo.com/news/canarc-pan-american-goldfields-sign-135412242.html
*********************************************************

Sat, 25 Jan 2014 18:04:04 GMT ~ PAN AMERICAN GOLDFIELDS LTD Financials
read full: http://finance.yahoo.com/q/is?s=mxom
*********************************************************

Tue, 21 Jan 2014 21:04:32 GMT ~ PAN AMERICAN GOLDFIELDS LTD Files SEC form 10-Q, Quarterly Report
read full: http://biz.yahoo.com/e/140121/mxom10-q.html
*********************************************************

Mon, 04 Nov 2013 18:31:38 GMT ~ Pan American Goldfields Clarifies Its Disclosure
[Marketwired] - As a result of a review by the British Columbia Securities Commission , the securities regulatory authority in the Province of British Columbia, Pan American Goldfields Ltd. is issuing the following news ...
read full: http://finance.yahoo.com/news/pan-american-goldfields-clarifies-disclosure-183138899.html
*********************************************************

Mon, 04 Nov 2013 18:22:00 GMT ~ Pan American Goldfields Clarifies Its Disclosure
[Marketwired] - As a result of a review by the British Columbia Securities Commission , the securities regulatory authority in the Province of British Columbia, Pan American Goldfields Ltd. is issuing the following news......
read full: http://finance.yahoo.com/news/pan-american-goldfields-clarifies-disclosure-182200822.html
*********************************************************

##### chart ~ source: stockcharts.com



##### chart ~ source: eoddata.com



##### company info ~ source: otcmarkets.com

Link: http://www.otcmarkets.com/stock/MXOM/company-info
Ticker: $MXOM
OTC Market Place: OTCQX U.S.
CIK code: 0001046672
Company name: Pan American Goldfields Ltd.
Company website: http://www.panamgoldfields.com/s/Home.asp
Incorporated In: DE, USA

##### extra dd links

Edgar filings: http://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001046672&owner=exclude&count=40
Latest filings: http://www.otcmarkets.com/stock/MXOM/filings
Latest financials: http://www.otcmarkets.com/stock/MXOM/financials
Latest news: http://www.otcmarkets.com/stock/MXOM/news - http://finance.yahoo.com/q/h?s=MXOM+Headlines

Major holdings: http://data.cnbc.com/quotes/MXOM/tab/8.1
Insider transactions (1): http://finance.yahoo.com/q/it?s=MXOM+Insider+Transactions
Insider transactions (2): http://www.secform4.com/insider-trading/MXOM.htm
Insider transactions (3): http://www.insidercow.com/history/company.jsp?company=MXOM

RegSho: http://www.regsho.com/tools/symbol_stats.php?sym=MXOM&search=search

DTCC: http://search2.dtcc.com/?q=Pan+American+Goldfields+Ltd.&x=10&y=8&sp_p=all&sp_f=ISO-8859-1
Spoke company information: http://www.spoke.com/search?utf8=%E2%9C%93&q=Pan+American+Goldfields+Ltd.
Corporation WIKI: http://www.corporationwiki.com/search/results?term=Pan+American+Goldfields+Ltd.&x=0&y=0
WHOIS: http://whois.domaintools.com/http://www.panamgoldfields.com/s/Home.asp
Alexa: http://www.alexa.com/siteinfo/http://www.panamgoldfields.com/s/Home.asp#
Corporate website internet archive: http://web.archive.org/web/*/http://www.panamgoldfields.com/s/Home.asp

Short Sales: http://www.otcmarkets.com/stock/MXOM/short-sales
Insider Disclosure: http://www.otcmarkets.com/stock/MXOM/insider-transactions
Research Reports: http://www.otcmarkets.com/stock/MXOM/research
Historical Prices: http://finance.yahoo.com/q/hp?s=MXOM+Historical+Prices
Basic Tech. Analysis: http://finance.yahoo.com/q/ta?s=MXOM+Basic+Tech.+Analysis
Company Profile: http://finance.yahoo.com/q/pr?s=MXOM+Profile
Key Statistics: http://finance.yahoo.com/q/ks?s=MXOM+Key+Statistics
Industry: http://finance.yahoo.com/q/in?s=MXOM+Industry
Insider Roster: http://finance.yahoo.com/q/ir?s=MXOM+Insider+Roster
Income Statement: http://finance.yahoo.com/q/is?s=MXOM
Balance Sheet: http://finance.yahoo.com/q/bs?s=MXOM
Cash Flow: http://finance.yahoo.com/q/cf?s=MXOM+Cash+Flow&annual
Market Watch: http://www.marketwatch.com/investing/stock/MXOM
Bloomberg: http://www.bloomberg.com/quote/MXOM:US
Morningstar: http://quotes.morningstar.com/stock/s?t=MXOM
Bussinessweek: http://investing.businessweek.com/research/stocks/snapshot/snapshot_article.asp?ticker=MXOM
Barchart: http://www.barchart.com/quotes/stocks/MXOM
OTC Short Report: http://otcshortreport.com/index.php?index=MXOM
Investopedia: http://www.investopedia.com/markets/stocks/MXOM/?wa=0

http://www.pennystocktweets.com/stocks/profile/MXOM

##### last known share structure ~ source: otcmarkets.com

Market Value: $6,120,742 a/o Mar 03, 2014
Shares Outstanding: 100,340,026 a/o Jan 17, 2014
Float: 84,431,135 a/o Aug 31, 2012
Authorized Shares: 200,000,000 a/o Aug 31, 2012
Par Value: No Par Value

##### business description ~ source: otcmarkets.com

IC

DD Notes ~ http://www.ddnotesmaker.com/MXOM

[Pro-Life]

Of significant interest:

Canarc and Pan American are of the view that the mine can potentially be modernized and expanded in phases to become a core asset of the combined Company.

[silverbugz]

Latest Gecko article for CRCUF. JUST RELEASED.

http://www.geckoresearch.com/Canarc_Resource-A_Few_Months_Away_from_Becoming_a_Gold_and_Silver_Producer

[lcky_jk]

Actually, that pump & dump does give a summary of the estimated resources reported in the PEA results.

[lcky_jk]

Management at MXOM was cheesy. Here was there effort to promote the stock using a "pump and dump" scheme. (This was the makings of the management prior to Vortex.

I was introduced to the stock as a producer that had funds to purchase the PEA. (Lack of cash caused many delays of the PEA release.). Maybe Carnarc will not have to go with the expensive PEA's and produce (with their own sample drilling holes.)


Below is the pump & dump...shows proof that they were looking for a buyer. (They had no anticipation of producing.)

-----------------------
Sent out around the middle of March 2013. Sent by Penny Stock Crown,
It was cheesy as all get out with a rooster on the first page.
-----------

Penny Stock Crown.

See below!!!

Pan American Goldfields (MXOM) - Price $0.20

Hello Subscribers,

Our NEW CROWD FAVORITE is MXOM

NEW ALERT: Pan American Goldfields (MXOM) - 0.20 cents...

New record production and major upgrade to gold and silver resource just announced - Gross in situ value of increase is US $900 million - paves the way for more than a 1,000% increase in production and revenues.

Begin your research here: http://www.panamgoldfields.com/s/Home.asp


MXOM is a silver and gold producer with new record high production at its Cieneguita mine in Mexico's booming Sierra Madre gold-silver belt. The Cieneguita deposit did contain a NI 43-101 compliant resource of 1.1 million Measured and Indicated gold equivalent ounces. This amount was just dramatically increased to 1.7 million gold equivalent ounces by Engineering giant, M3 Engineering of Tucson Arizona. This amount is expected to increase further as a new program further defines known high grade zones and the limits of the deposit. Current gross in situ value is now more than US $2.55 billion.

Are Pan American Goldfields' shares about to take off like a rocket ? With a PEA (Preliminary Economic Assessment) for a dramatic expansion of its Cieneguita Mine'd production just weeks away and its neighbors on the acquisition trail - it looks increasingly likely.


MXOM is already producing gold and silver at record levels (see news release here ) and it expects to announce the PEA for its Cieneguita Mine in the coming weeks.


New economic, high return gold deposits have become a rarity, which is why many gold stocks have not performed. For example Barrick Gold, the worlds largest gold miner, has seen its production drop 15% over the past 7 years despite spending $ 20 billion.



The opposite is true for for MXOM. After spending a fraction of this amount - about $ 50 - million on its Cieneguita over the past 8 years, the amount of gold and silver and production levels are growing explosively.



The company's just release gold and silver resource increase is absolute proof of this and it is so incredible! that it would be quite frankly, unbelievable, if not for the stature of the engineering firm - M3 Engineering - that did the work. M3 is blue-chip and is huge. In fact M3 has developed more than half the new mines in Mexico over the past 20 years, a mind boggling number for Mexico, one of the world's most attractive, fastest growing and sought after mining destinations.



Management's record of producing major winners

But looking at the track records of the company's board members and we should not be surprised that MXOM is becoming a major success:





George Young

Director, he founded IRC which was bought by Royal Gold in 2011 for $750 million. He Co-founded super-stock MAG Silver (Rocketed 3,500% from its IPO and is still up plus 2,000%) not enough - he also acquired and started development on the Guacamayo which turned into a $700 million acquisition .



Andrey Koniuhov

Director, he has discovered and developed more than 40 million ounces of gold making him one of history's greatest gold mine developers. As head of Polyus Exploration his gold discoveries and mine developments propelled Polyus from the 11th largest gold miner in the world to the world's second largest gold mining company by reserves.



Hernan Celorrio

Director, former Barrick Gold President - Argentina, Barrick is the world's largest Miner by assets, he was responsible for development of the Veladero, Barrick's largest gold mine.



Neil Maedel

Chairman, financier, resource stock expert - famed as a backer of companies such as gold miner Arequipa Resources (subsequent rise 4,923%), penny stock Corriente Resources (later taken over for $600 million) and Ultra Petroleum which rose from $0.25 to $205 per share! The development of MXOM has been is focus for the past 3 years. If this is anything like his past winners the results should be incredible.



Upcoming Expansion

Fully developed, management expected revenues, net to the company (using current gold and silver prices and a $500 cash cost), from the commercial operation to reach $87,865,000 per year. That's about $0.98 per undiluted share. The new M3 results however have upended these numbers as they cause a radical increase in likely future cash flow and profits. It is something that will come out in the PEA being completed in the next few weeks.



Takeover Target

Our bet is that MXOM never gets a chance to expand but is instead snapped up by larger miners desperate to replace their declining reservers and production. Think of Barrick's decrease in production despite spending $20 billion. This kind of story is endemic in the industry making MXOM's gold and silver mine all the more desirable.


Most likely is that MXOM gets snapped up by one of its neighbours. A miner smaller than MXOM, called Grayd Resources was bought by Agnico Eagle for over $218 per ounce (MXOM is currently trading at around $10 per ounce - just like Grayd before its PEA) After the PEA Grayd's shares exploded - from a few cents to $2.80 per share. (Another reason we rate Agnico Eagle the number one candidate is its Mexican head is intimate with the Cieneguita's immediate area - he developed Goldcorp's El Sauzal mine which is only a few miles away from the Cieneguita thus He has the knowledge base to move fastest in this race to price and acquire MXOM).


If Agnico doesn't move fast enough there is also Coeur d'Alene Mines (NYSE:CDE $24) which is hungry for reserves, or Alamos Gold (TSX :AGI $15) which operates the Mulatos, one of the area's lowest cost mines. Also a great candidate to buy Pan American is the Mexican mining company, Minera Frisco (MX:MFR $54). It just bought the Ocampo deposit which is a few miles north of the Cieneguita for $750 million last October. All of these companies are looking to replace their depleting deposits and grow their reserves with an asset like Pan American's Cieneguita.

PennyStockCrowd believes MXOM is among the greatest opportunities of this decade! Here's why:


Positive operating cash flow (excluding development and exploration);
A major silver & gold asset;
Production growth and cash flow set to rise 1,000% in only the next three years;
Bargain priced at $11 per oz gold valuation - this most certainly cannot last;
Executive includes some of the industry's most accomplished veterans - greatly increasing the likelihood of success;
The probability that the company's share price rise will be fast-tracked by a bidding war, as companies like Minera Frisco or Coeur d'Alene Mines attempt to add it to their stable of low-cost high-return, producing mines.
Follow the CROWD and Quickly put MXOM on your RADAR! little known by investors It has yet to be discovered by investors at large. Several institutions specializing in gold stocks have already, according to SEC filings, quietly accumulated over 30% of its shares. Canadian resource stock experts Fundamental Research just named Pan American as one of their top picks for 2013! Click here...


You don't want to miss this opportunity! PennyStockCrowd is putting MXOM on high alert due to the company's PEA study, explosively growing gold and silver deposit, accelerating positive cash flow growth, and world-class All-Star Executive Team!

We are confident that the more you learn about MXOM , the more impressed you will be!


Sincerely,
PennyStockCrowd.com Team





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[Gaintrader]

For what it is worth, if this merger is successfully closed I think you will be pleased with your MXOM purchase soon enough, and very very pleased a year from now, even if gold moves sideways or down. IMO Canarc will likely quickly jump up to the .20-.30 pps range just on a closing announcement alone, as long as the terms of the deal make sense.

If you haven't done so yet, you may want to read up on EXK's fairly recent successful acquisition, turnaround, and new discoveries made at the previously money loosing El Cubo mine (that most industry peers and analysis scoffed heavily at), and also what has happened since to the "producing" Cream minerals (now Agave Minerals, US: ASKDF, CN: AGV) after their shareholders somewhat foolishly turned down a 9/2010 acquisition offer made by EXK (only loosing $$, close to BK, and barely trading).

Bottom line is Canarc is most likely of the opinion there is A LOT more gold yet to be discovered and defined associated with the La Cieneguita mine, and if it is there, Canarc will be finding and incorporating it into the asset very quickly.

[lcky_jk]

MRT buying shares is what attracted me to the shares I have purchased.

Insider purchases can be a really good indicator of belief in the organization. Management to date has not been trustworthy. MRT was at the site mining; therefore, who better to put up cash to purchase shares. They are a believer. They were buying at .125 cents a share. (It is shown in the 10-q)

Not sure, but I think they look at it as a lifetime of employment. A full scale mine at 485 million had a life of 25 years. (1st five years are the best then production tappers off.). With the 1/10 scale mine it will produce for a long time.

Point being, they will be happy to get some new equipment and increase production. If the MRT management is not selected to become an employee they reap the benefit of the price of the shares.

Guess I am just upset that I am a bag holder on this one and now I am loosing 18% of my shares. (The warrants offer the chance of getting them back.)

Oh well...at least it is not a bankruptcy and my shares are disposed. I bought as a cheap way to have gold in the event the $$ crashes. Looks like it will be better off with carnarc mgmt at the helm.

If gold goes up in the next 2.5 years my warrants should become favorable.

[Gaintrader]

As a 20% owner of MXOM shares AND the mine property too, any finalized proposed plan not receiving MRT's full support will be considerably more difficult to achieve a majority approval with.

With that said, I would venture to guess that MRT not only has a seat or two at the negotiating table, but also a fair amount of leverage over the shaping of any finalized plans as well. The only other realistic alternative would be to buy out all of MRT's stake as part of, or prior to the merger, but at this point we just don't know what the decision makers sentiment or views may be on this particular in place arrangement.

[lcky_jk]

I had the same thoughts about MRT.

The DD really just reiterated all the points of the deal. Did not offer the insights of the current PEA which I believe Canarc share holders have the best end of the deal. (As stated in the DD.)

I would assume MRT flows into the program until next year. Then I think this new management team will know how to run the mine. (As of now MRT pays 35% of the revenues.). Owning 80% carnarc may be able to take more of the profits and have ownership of the equipment and mgmt vs MRT.

I think MRT bought 20% of the shares as they anticipated a future buy out.
They will have their shares and warrents.

[Meyer]

Nice report. Confirms what I have said.
But to double output and generate $20 mio/year they need MRT. How comes MRT in? MRT still owns 20%
Is MRT taking part in the merger?

[LumberDoktor]

Full DD Report for Canarc and their venture with Pan American

This was reviewed by Catalin and approved.

Follow us on FB at Jacobsen Enterprises for most up to date coverage.

https://docs.google.com/document/d/1_rLtX3AoWbbpNer4E2h2BVWMqJa5lBVf0_MHHiOwZQ4/mobilebasic

[Gaintrader]

I'm certain you know issuing shares is not automatically a dilutive action. The "110M" (in fact 114M) Canarc shares reported outstanding is inclusive of all three exchanges combined. There are 137M outstanding fully diluted (including outstanding option and warrants) as of 1/14/14.

[lcky_jk]

Looks like they are diluting right from the start.

22 million shares to raise 2 million is listed in the pr.

2 million not going to get this thing in production.

I see that there are 3 symbols listed for Canarc. CRCUF has 110million outstanding. How many outstanding for the other 2 symbols?

MXOM has approximately 100 million.

Looks like we are experiencing dilution from the start. (This is the downside I see.)

[Gaintrader]

PS. Canarc is also listed on the Frankfurt exchange as "CAN" too.

[eom7]

All 3 points are spot on - nice insight.

[eom7]

Yep, I like Canarc management - not your average junior team.

[Gaintrader]

You got it on all points, and what Carnac is seeking to do is to replicate the EXK story with this source of gold/cash flow production. Canarc owns some very respectable assets themselves, that could be a lot closer to production, if management wanted to simply use dilution as a tool to achieve their goals. As major shareholders themselves, Canarc's management team is very cognizant of respecting how and when to utilize their equity. This transaction if closed should be a "win/win" for all involved, IMHO

Go $MXOM & $CRCUF!

[Meyer]

That's excellent news if the CEO of Endeavour takes MXOM to re-establish his first company.

He knows how to bring undervalued assets into production in Mexico

This solves several problems:

we get a TSX listing
we get a management with mining experience
we get financing because of the person behind this

[lcky_jk]

This is from lumberdoktor on the Canarc board. YouTube video seen below.

I been holding mxom for some time. I think our shares will be diluted. As I read it we will keep 82% of our shares when transferred to Canarc. However, we will have some warrants that expire in 3 years.


Not sure what Canarc has to offer with there current share price at 9 cents. (How many outstanding shares do they have?). Still looking into this deal?



From lumberdoktor....

NEWS! Feb 10 2014

A must see exclusive interview with the new Canarc CEO.

FOLLOW THIS YOUTUBE PAGE

AND

LIKE US on FB @ Jacobsen Enterprises for the most stories and news from Canarc.

[Teknikas]

Any speculation on what this "could" mean for MXOM shareholders? I've been holding this thing for a long time hoping something like this would happen. I'm rather new to investing and have never had a stock I owned go through what this is potentially going to do. Just curious about opinions/hopes that others have with the arrival of this news? Thanks in advance to anyone who cares to share their thoughts about all this and what we might see in the future!

[lcky_jk]

Ok..

Give us the pitch on Canarc.

You can read my posts and find what a "scaled down" mine could do at MXOM.

What projects does Canarc have in place????

[Gaintrader]

I do know Canarc is not fooling around and if the merger passes their sniff test, things will be moving along down in Mexico very quickly once the deal has been closed.

[eom7]

Nice day here... I think it continues. MXOM was $.23+ last year!

[Gaintrader]

Hey Meyer, your "IFs" trumped all the "experts" and should now pay off... Congratulations! from a Canarc holder.

[traderking60]

NEWS OUT


Canarc Resource and Pan American Goldfields Sign Letter of Intent With Respect to a Business Combination and Announces CA$2.2 Million Private Placement Financing

.

Marketwired
Canarc Resource Corp.
18 minutes ago


VANCOUVER, BRITISH COLUMBIA--(Marketwired - Feb 24, 2014) - Canarc Resource Corp. ("Canarc" or the "Company") (CCM.TO)(CRCUF)(CAN.F) is pleased to announce the signing of a letter of intent (the "Letter of Intent") with Pan American Goldfields Ltd. ("Pan American") (MXOM) with respect to a business combination whereby Canarc may acquire all of the outstanding common shares of Pan American (the "Transaction").


The main asset of Pan American is its interest in the La Cieneguita mine properties located in Chihuahua State, Mexico. Pan American, together with its partner operator, Minera Rio Tinto SA de CV ("MRT") is in pilot production at its gold-silver mine at La Cieneguita whereby Pan American receives 35% of net cash-flow from production. Subject to due diligence, Canarc and Pan American are of the view that the mine can potentially be modernized and expanded in phases to become a core asset of the combined Company.

The Proposed Transaction

The structure of the proposed Transaction remains subject to review and consultation by the parties; however, the Letter of Intent anticipates that Canarc would acquire all of the outstanding common shares of Pan American (the "Shares") and that the shareholders of Pan American would receive 0.82 (the "Exchange Ratio") of a common share of Canarc and 0.25 of a warrant of Canarc (each whole warrant being a "Warrant") for each Share held. The proposed Exchange Ratio implies a 25% premium to the volume weighted average price of the Shares over the last 20 trading days and accounts for the USD to CAD currency conversion. Each Warrant would be exercisable to purchase one common share of Canarc at an exercise price equal to $0.15 for a period of 3 years.

Pan American has granted Canarc a 130 day period of exclusivity (the "Exclusivity Period") to complete its due diligence and negotiate a definitive agreement with respect to the Transaction. The Letter of Intent terminates on June 30, 2014 unless terminated earlier by either party as a result of its due diligence.

Pursuant to the terms of the Letter of Intent, Canarc has agreed to pay US$100,000 (the "Funds") to Pan American, following TSX approval. Pan American has agreed to repay the Funds to Canarc in the event that (a) Canarc terminates the Letter of Intent or determines not to proceed with the Transaction as a result of its due diligence; or (b) Pan American terminates the Letter of Intent or determines not to proceed with the Transaction for any reason.

Canarc plans to use commercially reasonable efforts to raise up to US$1.8 million in working capital financing pursuant to a private placement. In the event that the private placement is completed, the parties have agreed to negotiate an interim loan facility (the "Loan"). Under the Loan, Canarc would lend Pan American up to a total of US$250,000 prior to closing of the Transaction.

Following the completion of the Transaction, Pan American will have the right to nominate two persons to the board of directors of the combined company. The remainder of the board will be nominees of Canarc.

The Transaction remains subject to the parties negotiating and entering into a definitive agreement by June 30, 2014. Entering into a definitive agreement with respect to the Transaction will be subject to, among other things: (a) each party being satisfied in its sole discretion as to the results of its due diligence review, and (b) approval of the board of directors of each party. The definitive agreement will include customary provisions and deal protections, including receipt of all necessary consents and approvals, including all required stock exchange and shareholder approvals.

The Board of Directors of Canarc and the Strategy Committee of Pan American Board of Directors have approved the proposed transaction.

Bradford Cooke, Chairman and Founder of Canarc, commented: "Today's announcement marks an important step forward that will potentially transition Canarc into a growing gold-silver producer in the near term. The proposed transaction represents a great opportunity for both Canarc and Pan American shareholders to benefit from the combination of Pan American's largely untapped asset at La Cieneguita and Canarc's seasoned management team of mine finders, builders and operators. I believe this is truly an accretive transaction for both Canarc and Pan American shareholders where one plus one equals three."

Mr. Catalin Chiloflischi, CEO of Canarc, stated: "I would like to thank the Pan American management team and board of directors for their confidence in our ability to grow the Cieneguita Mexico mine into a profitable producing asset for the benefit of our combined shareholders, stakeholders, employees and the local community at La Cieneguita. We look forward to leveraging our team's mine building and operating expertise in order to transition Canarc into a successful producing gold-silver mining company."

Mr. Emilio Alvarez, CEO of Pan American said: "After an extensive review of options following the AGM last year, Pan American believes that the business combination with Canarc will realise the full potential of the La Cieneguita mine project, particularly given the challenging times almost everyone in the junior resource sector is facing."

Bruno Le Barber, Director and Member of Pan American's Strategy Committee added, "We are very pleased to partner with the knowledgeable and experienced management team at Canarc. Their Chairman, Mr. Bradford Cooke, is also the founder and CEO of Endeavour Silver, a successful silver mining company with three operating mines in Mexico. He has taken it from a start-up to a significant mid-tier producer within 10 years listed on the TSX and NYSE with a market cap of over $600 million today. We believe that Canarc's ambitious strategy of acquiring production opportunities together with the development of the New Polaris Project in British Colombia will deliver substantial value to Pan American shareholders."

La Cieneguita Highlights
•Four concessions totalling 822 hectares, located in the state of Chihuahua, Mexico only 20Km from Goldcorp's El Sauzal mine, with roads and infrastructure in place;
•Measured and Indicated Mineral Resources of 509,800 ounces of gold, 37.6 million ounces of silver, 120.1 million pounds of lead and 191.7 pounds of zinc;
•Inferred Mineral Resources of 352,200 ounces of gold, 21 million ounces of silver, 67.2 million pounds of lead and 111.2 pounds of zinc;
•Open pit gold-silver mine currently operating at 700 tpd producing gold-silver concentrates since 2010; and
•The proposed business combination will maximise Cieneguita's value for both Canarc and Pan American shareholders, with a potential to create a combined company with significant benefits.

Canarc has not yet independently verified Pan American's NI 43-101 reserves and resources nor its preliminary economic assessment, available on www.sedar.com, nor the production numbers and therefore is not relying on them at this stage (see Pan American reserve/resource and PEA NI 43-101 reports on SEDAR). Canarc plans to complete a more detailed assessment of the La Cieneguita reserves and resources, mine operations and plan, and economic performance in order to complete its own NI 43-101 reports and develop its own long term growth plan in order to provide future guidance on reserves and resources, gold and silver production, capital and operating costs, and exploration programs and budgets after closing.

Transaction Rationale for Canarc
•Potential to transition Canarc into a producer over the near term;
•Near term access to cash flow to facilitate growth;
•Potential to increase Canarc's total gold equivalent resources; and
•Potential to grow into a mid-tier gold producer over the medium term.

Transaction Rationale for Pan American
•Participation by Pan American shareholders in the upside potential of both Pan American's La Cieneguita gold mine project and Canarc's New Polaris gold mine project;
•Pan American shareholders would own shares in a larger company with two gold projects located in mining favorable jurisdictions (Canada and Mexico);
•Access to a proven team of mine finders, builders and operators is a key to success at La Cieneguita; and
•Improved financial standing, significantly improved liquidity and a combined broader access to capital.

Advisors
•Canarc retained Blake, Cassels & Graydon LLP as its legal advisor.
•Pan American retained Emerging Markets Capital Limited as its structurer.

Financing

Canarc also announces that it is arranging, on a best efforts basis, a private placement to raise up to CA$2.2 million. The private placement will be of up to 22 million units priced at CA$0.10 per unit and may be partially brokered, at the Company's discretion. Each unit will be comprised of one common share and one half of a common share purchase warrant, each full warrant giving the holder the right to purchase one additional common share at a price of CA$0.15 within a three year period. The Company may pay up to 7% commission in cash or units to appropriate brokers and finders for arranging this financing.

The aforementioned transaction and private placement are each subject to Toronto Stock Exchange approval. The shares and warrants will be subject to a four month plus one day hold period. The net proceeds of the unit private placement will be used for working capital purposes.

Catalin Chiloflischi, CEO, CANARC RESOURCE CORP.

Qualified Person - Garry Biles, P. Eng., President&COO for Canarc Resource Corp, is the Qualified Person who reviewed and approved the contents of this news release.

About Canarc Resource Corp. - Canarc is a growth-oriented, gold exploration and mining company listed on the TSX (CCM) and the OTC-BB (CRCUF). The Company is currently seeking a partner to advance its core asset, the 1.1 million oz, high grade, underground, New Polaris gold mine project in British Columbia, to feasibility. Canarc is also seeking to acquire an operating or pre-production gold mine in the Americas.

About Pan American Goldfields Ltd.

Pan American Goldfields is a precious metals mining and exploration company. Its focus is the production of gold and silver and the development and expansion of its La Cieneguita mine in Mexico's prolific Sierra Madre gold-silver belt.

Cautionary Note Regarding Forward-Looking Statements

This news release contains "forward-looking statements" within the meaning of the United States private securities litigation reform act of 1995 and "forward-looking information" within the meaning of applicable Canadian securities legislation. Statements contained in this news release that are not historical facts are forward-looking information that involves known and unknown risks and uncertainties. Forward-looking statements in this news release include, but are not limited to, statements with respect to the potential Transaction, the completion of a private placement, the benefits of the potential Transaction, the merits of the mineral properties of Canarc and Pan American, the future performance of Canarc and Pan American, mineral resource estimates and the Company's plans and exploration programs for its mineral properties, including the timing of such plans and programs. In certain cases, forward-looking statements can be identified by the use of words such as "plans", "has proven", "expects" or "does not expect", "is expected", "potential", "appears", "budget", "scheduled", "estimates", "forecasts", "at least", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "should", "might" or "will be taken", "occur" or "be achieved".

Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Such risks and other factors include, among others, risks related to the Company's ability to negotiate a definitive agreement with Pan American and complete the Transaction, the Company's ability to complete a private placement, uncertainties inherent in the estimation of mineral resources; commodity prices; changes in general economic conditions; market sentiment; currency exchange rates; the Company's ability to continue as a going concern; the Company's ability to raise funds through equity financings; risks inherent in mineral exploration; risks related to operations in foreign countries; future prices of metals; failure of equipment or processes to operate as anticipated; accidents, labor disputes and other risks of the mining industry; delays in obtaining governmental approvals; government regulation of mining operations; environmental risks; title disputes or claims; limitations on insurance coverage and the timing and possible outcome of litigation. Although the Company has attempted to identify important factors that could affect the Company and may cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, do not place undue reliance on forward-looking statements. All statements are made as of the date of this news release and the Company is under no obligation to update or alter any forward-looking statements except as required under applicable securities laws.

Forward-looking statements are based on assumptions that the Company believes to be reasonable, including expectations regarding the ability of the Company to negotiate a definitive agreement with Pan American and complete the Transaction, the ability of the Company to complete a private placement, the merits of the mineral properties of the Company and Pan American, the accuracy of the mineral resource estimates of the Company and Pan American, mineral exploration and development costs; expected trends in mineral prices and currency exchange rates; that the Company's activities will be in accordance with the Company's public statements and stated goals; that there will be no material adverse change affecting the Company or its properties; that all required approvals will be obtained and that there will be no significant disruptions affecting the Company or its properties.




Contact:

Canarc Resource Corp.
Catalin Chiloflischi
CEO
Toll Free: 1-877-684-9700 / [phone]
[phone]
[e-mail]
www.canarc.net

[JohnCM]

Run for the hills ...

[lcky_jk]

Positive on gold....as always at gold seek.

http://radio.goldseek.com/nuggets/rule.02.20.14.mp3

Vortex acquired enough shares at 25 cents to get enough votes to take over leadership of this stock.

Now they are destroying it. Looks like there is debt that is not paid. They need to announce what the deal is with MRT allowing some source of cash.

[JohnCM]

[Lazy Money]

what if I hold and they sell MXOM for $0,30 in 6 months?
600%

what if they produce 500.000 oz/y, easy $0,50 in 12 months
1000%

next step is to build a mine with 5mio oz/y, easy $5
10000%

it only needs a bit engagement from management

I hate to say it, but an investor that uses a what-if strategy is usually a soon broke investor.

If it is not fact at the time of the investment then it's not something worth investing in. It's more like gambling.

This stock was hyped over a year ago by Red Chip and at that time had a target price of $1.02. it was trading at around $.10 at that time. That was dec 2012. Here is the interview.

Now here we are, 14 months later and nothing that management has tried has worked.

What-If I won the lottery would be a better scenario for dreaming of making money than sitting here waiting on this stock.

all in my opinion of course.

Have A GREAT Day!

[JohnCM]

You have what "might" happen within 3 months and what "is" happening, right now, with pm miners and streamers.

Bird in the hand?

I held MXOM for awhile and decided to put my money to work.

I don't trust this company/management team/board of directors.

[Meyer]

what if I hold and they sell MXOM for $0,30 in 6 months?
600%

what if they produce 500.000 oz/y, easy $0,50 in 12 months
1000%

next step is to build a mine with 5mio oz/y, easy $5
10000%

it only needs a bit engagement from management

[JohnCM]

It used to be my favorite mining stock too.

It is dead money, for now.

Let's say you sell at a loss and receive $1,000 in your trading account to use to purchase another stock.

You put it to work buying a SILVER miner stock, SILVER ETF or 3X ETF, or SILVER streaming company ( i.e. SLW ).

A month from now MXOM is still muddled with issues and the stock price is 0.05, or your SILVER play is now up 20 - 30 percent.

You choose ...

Use MXOM loss to offset SILVER gain and you are back to par.

[Meyer]

why should I sell at the bottom?
Management only needs to renew the contract or get a buyer.
This could be a 20-bagger and would be still cheap
I don't know any other stock that is so undervalued

[JohnCM]

Get out now!!

The SILVER and GOLD train is leaving MXOM shareholders in the dust!

[Meyer]

Silver moving higher +4.5%
Strong silver should be supportive for MXOM
Management please get together with MRT and renew the contract. MRT is probably also in trouble without a contract.

[zoriden]

Agree. They suck currently. Could care less about there 7 bagholders left.