CanAm Coal Corp. (TSXV:COE) is seeking acquisition opportunities. Subject to final regulatory approval, CanAm has completed its previously announced private placement and issued approximately 13.08 million units at a price of CAD 0.08 per unit for gross proceeds of approximately CAD 1.05 million.

Proceeds of the private placement will be used to execute on CanAm's development and acquisition strategy, to repay outstanding debt obligations and for general operating purposes.