Canarc arranges CA$600,000 private placement financing

- September 30th, 2008

Canarc Resource reports an arrangement of a non-brokered private placement financing for up to CA$600,000. The private placement consists of up to 5,000,000 units priced at CA$0.12 each for gross proceeds of up to CA$600,000. Each unit consists of one common share and one half share purchase warrant. Each full warrant can be exercised to purchase an additional common … Continued

Canarc Resource reports an arrangement of a non-brokered private placement financing for up to CA$600,000.

The private placement consists of up to 5,000,000 units priced at CA$0.12 each for gross proceeds of up to CA$600,000. Each unit consists of one common share and one half share purchase warrant. Each full warrant can be exercised to purchase an additional common share at CA$0.18 within an 18 month period.

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