Canarc Provides Update on Strategic Plans

http://www.fscwire.com/newsrelease/canarc-provides-update-strategic-plans

Vancouver, British Columbia (FSCwire)Canarc Resource Corp. (TSX: CCM, OTC-BB: CRCUF, Frankfurt: CAN) is pleased to provide an update on its strategic plans going forward.

With the closing of the sale of Oro Silver in the 2nd quarter to Endeavour Silver (“Endeavour”), Canarc is now in its strongest financial position in twenty years, with approximately $6 million in cash and $6.5 million in Endeavour shares (based on the recent Endeavour share price). The enhanced treasury allows the Company to expand its growth strategies and pursue larger M&A opportunities in order to create additional value for shareholders.

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