Canarc Resource Corp. announces that it has closed the second and final CAD$5.2 million tranche of its CAD$8.4 million private placement, previously announced by Canarc in press releases dated August 19, 2020, September 3, 2020 and October 21, 2020. The second tranche of the private placement consisted of the issuance of 65 million units priced at [...]
Canarc Resource Corp. is pleased to announce the voting results from its Special General Meeting held on October 19, 2020 which resulted in shareholder approval of the upsized financing from CAD$3.2 million to CAD$8.4 million. The first tranche closed on October 8, 2020 and Canarc anticipates closing the second tranche shortly. Special General [...]
Canarc Resource Corp. announces that it has closed the first tranche of its private placement, previously announced by Canarc in press releases dated August 19, 2020 and September 3, 2020. The first tranche of the private placement consisted of the issuance of 40 million units priced at CAD$0.08 per unit for total proceeds of CAD$3.2 million. Each [...]
Canarc Resource is pleased to announce that further to its press release dated July 6, 2020, MinKap Resources has received approval of the TSX Venture Exchange to acquire the Company's Lightning Tree property located in Lemhi County. Canarc signed a definitive mineral property purchase agreement dated September 10, 2020 between the Company, MinKap [...]
Canarc Resource Corp. announces that its optionee Getchell Gold Corp. has commenced a 2,000 metre drill program at the Fondaway Canyon Gold Project in Nevada . Getchell signed a 4 year Option Agreement on January 7, 2020 to acquire the Fondaway and Dixie Comstock properties located in Nevada. About the Drilling The six-hole 2,000 metre Phase 1 [...]
Canarc Resource Corp. is pleased to announce its intention to increase the size of its previously announced non-brokered private placement by issuing up to an additional 65,000,000 units for up to an additional C$5,200,000 in gross proceeds through a second tranche which is subject to shareholder approval. As a result of the Upsize, the Company [...]
Management of Canarc Resource Corp. is pleased to announce several corporate changes intended to better reflect the Company's renewed focus on its Canadian gold exploration projects. The changes include a planned name change to Canagold Resources Ltd., a 5:1 share consolidation to better attract institutional investors, a CAD$3.2 million private [...]
Canarc Resource Corp. , announces that a Phase-2 core drilling program of 1,500 meters in six holes will commence on or about July 20th at its 100%-owned Windfall Hills gold property located in north-central British Columbia. Highlights from the Phase 1, 3-hole drill program conducted in 2014 included a drill intercept of 1.38 grams per tonne gold [...]
Canarc Resource Corp. announces that the Company has signed a non-binding letter of intent dated July 6, 2020 with Minkap Resources Inc. whereby MinKap can acquire a 100% undivided interest in the Lightning Tree property located in Lemhi County, Idaho, USA under a definitive option agreement from Canarc. Lightning Tree is one of 11 mineral [...]
Canarc Resource Corp. announces the voting results from its Annual General Meeting held on June 29, 2020 in Vancouver, British Columbia. Shareholders voted in favour of all items of business including the re-election of five existing directors. Voting results for directors were as follows: Directors Votes For Votes Withheld Bradford Cooke [...]
Canarc Resource Corp. announces the appointment of Mr. Troy Gill, MAIG., to the position of Vice President, Exploration, effective immediately. Mr. Gill is a geologist with extensive exploration experience and a successful track record of discoveries, including 15 years with Rio Tinto where he twice received the Rio Tinto Discovery Award. Scott [...]
Canarc Resource Corp. announces that an update of the gold price and exchange rate within the range of sensitivities in the 2019 preliminary economic assessment of the high-grade New Polaris gold mine project in northwestern British Columbia significantly improves the anticipated economics of the project. The 2019 PEA used a base case gold price of [...]