03:44 PM EST - Canarc Resource Corp. : announced that its 11-per-cent owned, affiliated gold resource company, Caza Gold Corp. has signed a Letter of Intent to acquire two large gold exploration properties in Mexico from Exmin Resources Inc. for 400,000 common shares of Caza and a one-per-cent net smelter return royalty. Caza also signed a Letter of Intent to purchase for $1.5 million U.S. Exmin's 30-per-cent interest in the Mexican company, Minera Santa Maria de Moris SA de CV, that owns the 25,000-ounce-per-year Moris gold mine. Hochschild Mining plc is the 70-per-cent owner and operator of the Moris mine. Caza's offer to purchase the 30-per-cent interest in Moris is subject to a 60-day right of first refusal to Hochschild. Canarc Resource Corp.
shares T.CCM are trading even at $0.08.
