CanAm Releases Quarterly and Nine-Month Financial Results

CanAm Coal Corp. (TSXV:COE,OTCQX:COECF) announced third quarter financial results.

As quoted in the press release:

Generated revenue of $8.7 million in Q3 as compared to $1.2 million in Q3 of last year; Topped $19 million in revenue for nine months of fiscal 2012 as compared to $3.8 million last year.

CanAm’s CEO, Tim Bergen said:

Our cash position continues to be healthy with cash on hand of $5.0 million, including $1.8 million of restricted cash associated with reclamation deposits, at October 31, 2011.

Click here for the CanAm Coal Corp. (TSXV:COE) press release.