11:46 AM EST - CanAm Coal Corp. : announced it has completed the acquisition of a 100% interest in an Alberta Metallic and Industrial Minerals Permit covering approximately 1,200 acres (567 ha) of land containing high quality silica sand (or Frac Sand) in Central Alberta. The aggregate purchase price of the acquisition is $1.5 million which will be settled by $215,000 in cash and the issuance of 25.7 million common shares of the Company at a deemed price of $0.05 per common share. CanAm Coal Corp.
shares T.COE are trading up $0.005 at $0.04.
