Canarc Announces Extends The Term of Warrants
News Release
Canarc Announces Extends The Term of Warrants
Vancouver, Canada – July 14, 2017 – Canarc Resource Corp . (the “Company”) (TSX:
CCM, OTC -BB: CRCUF, Frankfurt: CAN) is pleased to announce that it has applied to the
Toronto Stock Exchange (the “Exchange”) and has received conditio nal approval to extend the
term of an aggregate of 8,450,000 common share purchase warrants (the “Warrants”) by one year,
which were issued pursuant to a private placement (the “Private Placement”) that closed on
January 31, 2014. Each Warrant entitles the holder to acquire one common share in the capital of
the Company at an exercise price of $0.10 per common share until July 31, 2017. No Warrants
issued under the Private Placement have been exercised to date, and none of the Warrants are held,
directly or indirectly, by any i nsiders of the Company. The Company has received conditional
approval from the Exchange to extend the term of the Warrants for an additional year to July 31,
2018.
“Catalin Chiloflischi”
____________________
Catalin Chiloflischi, CEO
CANARC RESOURCE CORP.
About Canarc Resource Corp. - Canarc is a growth -oriented, gold exploration and mining
Company listed on the TSX (CCM) and the OTC -BB (CRCUF). The Company is currently
focused on acquiring operating or pre -production stage gold -silver-copper mines or properties in
the Americas and further advancing its gold properties in Nevada and BC.
For More Information - Please contact:
Catalin Chiloflischi, CEO
Toll Free: 1-877-684-9700 Tel: (604) 685-9700 Fax: (604) 685-9744
Email: [email protected] Website: www.canarc.net
Cautionary Note Regarding Forward-Looking Statements
This news release contains “forward-looking statements” within the meaning of the United States private securities litigation
reform act of 1995 and “forward -looking information” within the meaning of applicable Canadian securities legislation.
Statements contained in this news release that are not historical facts are forward -looking information that involves known
and unknown risks and u ncertainties. Forward -looking statements in this news release include, but are not limited to,
CANARC RESOURCE CORP .
#810 – 625 Howe Street
Vancouver, BC V6C 2T6
T: 604.685.9700
F: 604.6685 -9744
TF: 1.877.684.9700
www.canarc.net
CCM: TSX
CRCUF: OTCQX
statements with respect to the extension of the term of the Warrants . In certain cases, forward -looking statements can be
identified by the use of words such as "plans", "has proven", "expects" or "does not expect", "is expected", "potential",
"appears", "budget", "scheduled", "estimates", "forecasts", "at least", "intends", "anticipates" or "does not anticipate", or
"believes", or variations of such words and phr ases or state that certain actions, events or results "may", "could", "would",
"should", "might" or "will be taken", "occur" or "be achieved".
Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual
results, performance or achievements of the Company to be materially different from any future results, performance or
achievements expressed or implied by the forward -looking statements. Such risks and other factors include, among others,
risks rel ated to changes in the market price of the Company’s securities; the Company’s available working capital; the
uncertainties inherent in the estimation of mineral resources; commodity prices; changes in general economic conditions;
market sentiment; currenc y exchange rates; the Company's ability to continue as a going concern; the Company's ability to
raise funds through equity financings; risks inherent in mineral exploration; risks related to operations in foreign countrie s;
future prices of metals; failure of equipment or processes to operate as anticipated; accidents, labor disputes and other risks of
the mining industry; delays in obtaining governmental approvals; government regulation of mining operations; environmental
risks; title disputes or claims; limitations on insurance coverage and the timing and possible outcome of litigation. Although
the Company has attempted to identify important factors that could affect the Company and may cause actual actions, events
or results to differ materially from th ose described in forward -looking statements, there may be other factors that cause
actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that forward looking
statements will prove to be accurate, as actual re sults and future events could differ materially from those anticipated in such
statements. Accordingly, do not place undue reliance on forward -looking statements. All statements are made as of the date
of this news release and the Company is under no oblig ation to update or alter any forward -looking statements except as
required under applicable securities laws.