Minorca Resources (mar-t) has purchased a $1-million private placement in Canarc Resource (CCM-T), consisting of just over 1.3 million shares at 75cents each.
Minorca has also acquired 800,000 additional Canarc shares in a separate, private transaction. Minorca, which has been making a number of deals of late, has granted Canarc President Bradford Cooke, or his assigns, a voting trust over the 2.13 million shares held by Minorca.
Canarc currently has 35.8 million shares outstanding, or 41 million fully diluted, and about $2 million in cash.
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