Questions? +1 (202) 335-3939 Login
Trusted News Since 1995
A service for energy industry professionals · Saturday, March 28, 2020 · 513,216,469 Articles · 3+ Million Readers

Canada Coal Terminates Proposed Business Combination With Mijem Inc.

/EIN News/ -- VANCOUVER, British Columbia, Feb. 18, 2020 (GLOBE NEWSWIRE) -- Canada Coal Inc. (the “Company” or “Canada Coal”), (TSX-V: CCK.H) announces that it has terminated its proposed business combination with Mijem Inc. (“Mijem”) first announced on November 20th, 2019. Despite having received shareholder approval to the proposed transaction with Mijem at an annual and special meeting of Canada Coal’s shareholders held on February 7th, 2020, regrettably Mijem was not able to raise the required $1.85 million minimum in concurrent financing required to complete the business combination.

The Company will now pursue other business opportunities.

On behalf of the Board of Directors

 “R. Bruce Duncan”

President and Chief Executive Officer
Phone: 1-905-813-8408

“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.”

Primary Logo

Powered by EIN News
Distribution channels: Energy Industry, Media, Advertising & PR

EIN Presswire does not exercise editorial control over third-party content provided, uploaded, published, or distributed by users of EIN Presswire. We are a distributor, not a publisher, of 3rd party content. Such content may contain the views, opinions, statements, offers, and other material of the respective users, suppliers, participants, or authors.

Submit your press release