CANARC RESOURCE - SUBSIDIARY ACQUIRES 1,000,000 COMMON SHARES OF CONSOLIDATED MAGNA VENTURES LTD.VANCOUVER, B.C.--(BUSINESS WIRE)--June 7, 1995--CANARC RESOURCE CORP. (TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). : CCM CCM Contemporary Christian Music CCM Critical Care Medicine CCM County College of Morris (New Jersey) CCM Chama Cha Mapinduzi (political party, Tanzania) CCM CORBA Component Model ) Canarc Resource Corp. (CCM.T) reports that through an indirect wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. it has now acquired 1,000,000 common shares of Consolidated Magna Ventures Ltd. ("Magna") following completion of a shares for debt transaction which settled an outstanding debt of $450,000 Cdn. The securities represent 12.7% of Magna's issued and outstanding common shares on an undiluted basis and 10.02% on a fully diluted basis. Consolidated Magna Ventures Ltd. is listed on the Vancouver Stock Exchange Vancouver Stock Exchange (VSE) A securities and options exchange in Vancouver, British Columbia, (Canada), specializing in venture capital companies. Vancouver Stock Exchange See Canadian Venture Exchange (CDNX). , however the acquisitions of securities were off market transactions. The Company has no present intention to increase its share ownership in Magna. The Company is not acting jointly or in concert with any other person in acquiring shares of Magna. ON BEHALF OF THE BOARD OF DIRECTORS CANARC RESOURCE CORP. Stewart Lockwood Corporate Secretary THE VANCOUVER STOCK EXCHANGE NEITHER APPROVES NOR DISAPPROVES OF THE CONTENTS OF THIS NEWS RELEASE WHICH WAS PREPARED SOLELY AT THE DISCRETION OF MANAGEMENT. CONTACT: Stewart Lockwood 604/685-9700 604/685-9744 (Fax) INDUSTRY KEYWORD: ENERGY MINING REPEATS: New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of 212-575-8822 or 800-221-2462; Boston 617-330-5311 or |
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