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Slide #48. Canarc Resource — Pan American Goldfields
Canarc Resource (TSE:CCM.CA)
Pan American Goldfields (MXOM)
Pan American Goldfields Ltd. (the "Company") (OTCQX:MXOM), is pleased to announce the signing of a letter of intent (the "Letter of Intent") with Canarc Resource Corp. ("Canarc" or the "Company") (TSX:CCM)(OTCBB:CRCUF)(DBFrankfurt:CAN) with respect to a business combination whereby Canarc may acquire all of the outstanding common shares of Pan American (the "Transaction").
CanaGold Resources is engaged in the business of the acquisition, exploration and, if warranted, development of precious metal properties. Co. owns or holds, directly or indirectly, interests in several precious metal properties, as follows: New Polaris property (British Columbia, Canada), Windfall Hills properties (British Columbia, Canada), Princeton property (British Columbia, Canada), Hard Cash and Nigel properties (Nunavut, Canada), Fondaway property (Nevada, United States), and Corral Canyon property (Nevada, United States). The New Polaris and Fondaway Canyon properties are the material mineral properties of Co.
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