Canarc Completes $500,000 Flow-Through Financing
News Release
Canarc Completes $500,000 Flow-Through Financing
Vancouver, Canada –24 April 2017 – Canarc Resource Corp. (“Company”) (TSX: CCM, OTC -BB:
CRCUF, Frankfurt: CAN) announces that it has arranged and closed a flow -through equity
financing of $500,000 with one institutional investor.
The financing consisted of 3,846,154 flow -through common shares of the Company priced at
$0.13 each. The flow -through shares are subje ct to a hold period under securities laws until
August 22, 2017.
In consideration of this financing, the C ompany paid a finder’s fee of $32,500 cash and issued
250,000 finder ’s warrants of the Company (the “Warrants”) to a finder at arm’s length to the
Company. Each Warrant entitles the holder to purchase one non -flow-through common share of
the Company at an exercise price of $0.15 for a two-year period. The Warrants , and any
common shares of the Company issuable upon exercise of the Warrants , will have no flow -
through tax benefits.
The proceeds of the flow-through financing will be used for exploration at FG Gold Projec t that is
scheduled to complete, subject to permitting, in September 2017.
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
CANARC RESOURCE CORP .
301-700 West Pender Street
Vancouver, BC V6C 1G8
T: 604.685.9700
F: 604.6685 -9744
TF: 1.877.684.9700
www.canarc.net
CCM: TSX
CRCUF: OTCQX
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 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, statemen ts with
respect to the timing and the ability of the Company to complete the formal documentation and obtain final listing approval of the
Toronto Stock Exchange, the intended use of proceeds of the private pacement, the future performance of Canarc, and the
Company's plans and exploration programs for its mineral properties, including the timing of such plans and programs. 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 res ults
"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 b e 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
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 an d other
risks of the mining industry; delays in obtaining governmental approva ls; government regulation of mining operations;
environmental risks; title disputes or claims; limitations on insurance coverage and the timing and possible outcome of litig ation.
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. Th ere 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 s uch
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.