Canada Coal Issues $0.05 Stock Options
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Sep 22, 2016) - Canada Coal Inc. (the "Company" or "Canada Coal") (TSX VENTURE:CCK) announces that it has granted a total of 2,500,000 stock options to Directors and Officers of the Company, exercisable at a price of $0.05 per share for a period of up to five years from the date of grant.
The options have been granted in accordance with the Company's Stock Option Plan.
CANADA COAL INC.
R. Bruce Duncan, CEO and Director
"Neither 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 STATEMENTS: This news release contains forward-looking statements, which relate to future events or future performance and reflect management's current expectations and assumptions. Such forward-looking statements reflect management's current beliefs and are based on assumptions made by and information currently available to the Company. Investors are cautioned that these forward looking statements are neither promises nor guarantees, and are subject to risks and uncertainties that may cause future results to differ materially from those expected. These forward-looking statements are made as of the date hereof and, except as required under applicable securities legislation, the Company does not assume any obligation to update or revise them to reflect new events or circumstances. All of the forward-looking statements made in this press release are qualified by these cautionary statements and by those made in our filings with SEDAR in Canada (available at www.sedar.com).