Canarc Announces Normal Course Issuer Bid
News Release
CANARC ANNOUNCES NORMAL COURSE ISSUER BID
Vancouver, Canada – June 19, 2018 – Canarc Resource Corp. (TSX: CCM, OTC -BB: CRCUF,
Frankfurt: CAN) announced that it has received the approval of the Toronto Stock Exchange (the
“TSX”) to make a normal course issuer bid (the “Bid”) to acquire up to 10,934,657 of its common
shares (the “Common Shares”) through the facilities of the TSX.
As at J une 8, 2018 , there were 218,693,144 Common Shares issued and outstanding. The
Company’s Bid to acquire up to 10,934,657 Common Shares represents approximately 5% of the
issued and outstanding Common Shares, calculated in accordance with the rules of the TSX.
Purchases under the Bid may commence on June 21, 2018 and will terminate on June 20, 2019,
or on such earlier date as the Bid is complete. The actual number of Common Shares purchased
under the Bid and the timing of any such purchases will be at the Company’s discretion. Purchases
of Common Shares will be made through the facilities of the TSX and other Canadian
marketplaces, in accordance with the TSX rules. Subject to the TS X’s block purchase exception,
on any trading day, purchases under the Bid will not exceed 23,893 Common Shares , such
amount representing 25% of the average daily trading volume of the Common Shares of 95,571
for the six calendar months prior to the start o f the Bid . The Company will pay the prevailing
market price at the time of purchase for all Common Shares purchased under the bid, and all
Common Shares purchased by the Company will be cancelled.
From February 8, 2017 to February 7, 2018, t he Company acq uired 2,644,500 Common Shares
through open market transactions at the volume average weighted price of $0.08 per Common
Share in a previous issuer bid , wherein the Company obtained TSX approval to acquire up to
10,859,479 Common Shares.
The Company’s board of directors believes that the Bid is an appropriate use of the Company’s
available funds when the market price of the Common Shares does not fully reflect their
underlying value. Any Common Shares purchased under the Bid will increase the proportionate
equity interest of, and is intended to be advantageous to, all remaining shareholders.
CANARC RESOURCE CORP .
810 – 625 Howe Street
Vancouver, BC V6C 2T6
T: 604.685. 9700
F: 604.685. 9744
www.canarc.net
CCM: TSX
CRCUF: OTCQX
Catalin Kilofliski
____________________
Catalin Kilofliski, 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 Kilofliski, 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 o f 1995 and “forward -looking information” within the meaning of applicable Canadian securities legislation.
Statements contained in this news release that are not historic facts are forward -looking information that involves known and
unknown risks and uncertainties. Forward-looking statements in this news release include, but are not limited to, statements with
respect to the planned completion of the Bid, including the number of Common Shares that will be purchased by the Company,
and any increase in value or benefit to shareholders of the Company in connection with the Bid. 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 phrases 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, the Company’s
ongoing due diligence review in relation to the Acquisition, risks related to the uncertainties inherent in the estimation of mineral
resources; commodity prices; changes in general economic conditions; market sentiment; currency 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 countries; future prices of metals; failure of equipment or processes to operate
as anticipated; accidents, labor disputes and other risks of the mining indust ry; 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 those 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 results 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 obligation to update or alter any forward-
looking statements except as required under applicable securities laws.