CanAm Continues Its Strong Sales Performance and Sells 65,500 Tons in August 2013
CALGARY, ALBERTA--(Marketwired - Sept. 26, 2013) - CanAm Coal Corp. (TSX VENTURE:COE)(OTCQX:COECF) ("CanAm" or the "Company") is pleased to report preliminary coal sales for the month of August 2013 of approximately 65,500 tons. This is on the heels of a record 67,500 tons in July and is further evidence that our new mine compliment has the ability to consistently produce/sell between 60,000 to 70,000 tons per month. This represents a substantial increase from average actual Q1 and Q2 sales of approximately 50,000 and 56,000, respectively. Total sales for the third quarter 2013 to date were 133,000 tons compared to 103,000 tons in the comparable prior year, or an increase of 30,000 tons or almost 30%.
Company President and CEO, Jos De Smedt commented: "We are extremely pleased with our August performance and we are increasingly confident that we can maintain this pace for the remainder of 2013 and into 2014. With steady state and consistent production at our mines, we are now looking to optimize our cost structure and drive operational efficiencies across all of our mines."
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.
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.
CanAm Corporate Office:
Jos De Smedt
President & CEO
403.262.3797 or Toll Free: 1.877.262.5888
jdesmedt@canamcoal.com
www.canamcoal.com
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September 26, 2013 09:01 ET (13:01 GMT)
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