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Canarc Arranges CA$0.6 Million Private Placement Financing
Published : November 27, 2012
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Keywords :   Gold | Gold Mine | New Gold | Polaris | Strategic |

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 27, 2012) - Canarc Resource Corp. (News - Market indicators)(OTCBB:CRCUF)(FRANKFURT:CAN) announces that it has arranged a CA$0.6 million non-brokered private placement equity financing with certain shareholders of the Company. Management, directors and insiders will participate for up to 50% of the offering.

The private placement consists of 5.6 million units priced at CA$0.11 each. Each unit will consist of one common share and one share purchase warrant. Each warrant entitles the holder to purchase one additional share at Cdn$0.15 during the first two years and Cdn$0.20 thereafter until expiry on the third anniversary of the date of issuance of the warrants.

Should the 10 day average closing share price of Canarc's shares reach Cdn$0.30 or higher within 36 months of the closing, then the warrants will expire within 30 days of that date. No commissions will be paid to third parties for the funds raised.

The private placement is subject to Toronto Stock Exchange approval. The shares and units will be subject to a four month plus one day hold period. The net proceeds of the unit private placement will be used for working capital purposes.

About Canarc Resource Corp. - Canarc Resource is a growth-oriented, gold exploration company listed on the TSX (CCM) and the OTC-BB (CRCUF). The Company is currently seeking to advance its 1.1 million oz, high grade, underground, New Polaris gold mine project in British Columbia to the feasibility stage. Canarc is also focused on exploring its Windfall Hills and Tay LP gold properties in BC and the Yukon Territory, and on acquiring a strategic new gold mine asset for near-term production.

CANARC RESOURCE CORP.

Bradford Cooke, Chairman and CEO

CAUTIONARY DISCLAIMER - FORWARD LOOKING STATEMENTS

Certain statements contained herein constitute "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995. All statements that are not historical facts, including without limitation statements regarding future estimates, plans, objectives, assumptions or expectations of future performance, are "forward-looking statements". We caution you that such "forward-looking statements" involve known and unknown risks and uncertainties, as discussed in the Company's filings with Canadian and United States securities agencies. The Company expressly disclaims any obligation to update any forward-looking statements other than as required by applicable law. We seek safe harbour.



Canarc Resource Corp.
Gregg Wilson
(604) 685-9700
Toll Free: 1-877-684-9700
(604) 685-9744 (FAX)
info@canarc.net
www.canarc.net
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Canarc Resource Corp.

DEVELOPMENT STAGE
CODE : CCM.TO
ISIN : CA13722D1015
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Annual reports of Canarc Resource Corp.
2008 Annual Report
Annual Report 2007
Financings of Canarc Resource Corp.
2/24/2014and Pan American Goldfields Sign Letter of Intent With Respe...
1/31/2014Closes Fully Subscribed Private Placement Financing
1/21/2013Closes Final Tranche of Non-Brokered Private Placement
12/21/2012Closes the First Tranche of Non-Brokered Private Placement
10/1/2012Closes CAD$1.1 Million Brokered Private Placement
9/14/2012Signs Letter of Intent for a CA$1.1 Million in Private Place...
2/25/2011Closes $300,000 Convertible Debenture
12/13/2010Closes CA$1.275 Million Private Placement Financing
11/23/2010Arranges Up To Approximately CA$2.0 Million in Private Place...
11/9/2009Closes CA$37,350 in Private Placement Financing
11/2/2009Arranges CA$40,000 in Private Placement Financing
10/26/2009Closes CA$960,000 in Two Private Placement Financings
12/1/2008Closes $100,000 Private Placement Financing
11/10/2008Revises Terms of Private Placement Financing
9/30/2008Arranges CA$600,000 Private Placement Financing
7/25/2007Closes CA$1.1 Million Private Placement Financing
6/26/2007Arranges CA$1 Million Private Placement Financing
10/20/2006Closes Two Private Financings Totaling CA$4 Million
9/29/2006to Raise Up to CA$4.1 Million in Two Private Placements
3/21/2006(New Polaris)closes CA$3.5 million flow-through financing for New Polaris...
Nominations of Canarc Resource Corp.
11/12/2013Appoints New Director
6/10/2008Announces Appointments of New President and COO, and New Dir...
Financials of Canarc Resource Corp.
8/6/2013Review of Second Quarter and Outlook for Third Quarter, 2013
10/23/2012Review of Third Quarter and Outlook for Fourth Quarter, 2012
7/17/2012Shareholder Update-Review of Second Quarter and Outlook for ...
10/19/2011Shareholder Update: Review of Third Quarter and Outlook for ...
7/13/2011Shareholder Update; Review of Second Quarter and Outlook for...
11/12/2008Shareholder Update Third Quarter Review 2008
8/6/2008Second Quarter Review 2008
7/30/2007Shareholder Update - Second Quarter Review 2007
Project news of Canarc Resource Corp.
2/7/2014Announces Retirement of VP Exploration
5/15/2013to Purchase Two Windfall Hills Gold Properties Northwest of ...
12/8/2012Season's Greetings from Canarc Resource Corp.
7/31/2012(New Polaris)Reduces Estimated Cost of Feasibility Program for New Polar...
4/18/2012Buying Gold? Why Not Buy a Gold Mine? Why We Are Buying Cana...
12/15/2011Season's Greetings from Carnac Resource Corp.
4/25/2011Options Two Gold Properties Northwest of Richfield’s Blackwa...
12/23/2010A Holiday Message From Canarc Resource Corp.
10/12/2010(Tay-lp)Cap-Ex Completes Airborne Geophysical Survey overCanarc?s TA...
8/24/2010(Tay-lp)Tay-LP Option Agreement with Cap-Ex Ventures Receives TSX-V ...
1/6/2010(New Polaris)Updates NI 43-101 Preliminary Economic Assessment Report
11/12/2009(Tay-lp)Drill Program Intersects Gold at Tay–LP Property, Yukon
1/7/2009(New Polaris)Announces Improved Economic Outlook for New Polaris Gold Min...
8/20/2007(New Polaris)Preliminary Assessment Indicates Positive Results for New Po...
12/12/2006(New Polaris)Deepest Drill Hole of 2006 Drilling Program at New Polaris I...
11/22/2006(New Polaris)Drilling Intersects Additional High Grade Visible Gold Miner...
10/4/2006(New Polaris)Drilling Returns Additional High Grade Gold Intercepts From ...
9/26/2006(New Polaris)Drilling Intersects 23.1 gpt Gold Over 16.5 m at New Polaris...
9/19/2006(New Polaris)Visible Gold Intersected in Drill Hole at New Polaris Projec...
4/19/2006Shareholder update
Corporate news of Canarc Resource Corp.
2/4/2014Mr Brad Cooke, Chairman and Catalin Chiloflischi, CEO interv...
1/14/2014Appoints New CEO, Grants Stock Options, Announces Financing
6/26/2013Reports Results of Annual General Shareholder Meeting
3/4/2013(New Polaris)to Seek Alternate Sources of Financing for the Development o...
3/4/2013(New Polaris)to Seek Alternate Sources of Financing for the Development o...
2/4/2013Forms Strategic Mine Acquisitions Partnership with Canford
11/27/2012Arranges CA$0.6 Million Private Placement Financing
6/18/2012Grants Stock Options
6/6/2012Shareholders Approve All Resolutions at AGM
6/4/2012Retains Financial Advisor to Evaluate Strategic Alternatives
3/29/2012Launches Social Media Presence
3/26/2012Review of 2011 and Outlook for 2012
3/21/2012Arranges Cdn$200,000 Demand Loan From Directors and Employee...
12/7/2011Defines Gold-Silver Anomalies at Windfall Hills Project Nort...
9/13/2011Amends Tay LP Agreement
5/31/2011Stakes Two More Gold Properties in Central British Columbia
5/19/2011Sells Relief Canyon Assay Lab to Great Basin Gold
5/11/2011Stakes Large Gold Property Northwest of Richfield’s Blackwat...
4/12/2011(New Polaris)s Preliminary Economic Assessment of New Polaris Gold Mine P...
3/21/2011Cap-Ex Returns Tay LP Property to Canarc
3/27/2009audited financial statements for the year ended December 31,...
9/29/2008Caza Gold Retires $300,000 Debt Financing; Options Los Angel...
9/4/2008Gold near $800 - Oversold but still Vulnerable
7/24/2008CPM Precious Metals Advisory
6/18/2008TSX Approves Caza Gold Spin-Out By Way of a Plan of Arrangem...
4/30/2008Shareholders Approve All Resolutions at Annual and Special G...
3/3/2008To Hold Annual And Special Shareholders Meeting on April 29,...
1/30/2008 to Exhibit at World Outlook Financial Conference
1/23/2008Shareholder Update
11/19/2007 To Spin-Out Its Mexican Gold Projects To Subsidiary Company...
9/20/2007 Enters Option and Joint Venture Agreement with EXMIN Resour...
8/22/2007TOP-20 Introduction: Canarc Resource Corp - The Gold Discove...
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TORONTO (CCM.TO)FRANKFURT (CAN.F)
0.055+0.00%0.089+3.49%
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