Canarc Arranges $8 Million Debt Financing to Develop El Compas Gold-Silver Mine in Zacatecas, Mexico to Production

Vancouver, British Columbia (FSCwire)Canarc Resource Corp. (TSX: CCM, OTC-BB: CRCUF, Frankfurt: CAN) announces that it has executed an indicative term sheet for up to US$10 million in debt financing by way of a gold prepaid facility with a leading North American resource fund in order to develop the El Compas gold-silver mine in Zacatecas, Mexico to production.

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