Canarc Resource Corp.: Board Resignation and Appointment.VANCOUVER, British Columbia -- Canarc Resource Corp. (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension :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 )(OTCBB OTCBB See OTC Bulletin Board (OTCBB). :CRCUF) announces the resignation of Stephen Macklem from the Board of Directors, due to the demands on his time from other business activities. The Board and Management would like to thank Stephen for his service to the Company over the past eight months. Canarc is pleased to announce that William Price has agreed to stand for nomination as a Director at the Company's upcoming Annual General Meeting on May 31, 2005. Mr. Price brings to Canarc a wealth of experience and expertise in the financial world, having recently retired as the Chairman, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. and CIO CIO: see American Federation of Labor and Congress of Industrial Organizations. (Chief Information Officer) The executive officer in charge of information processing in an organization. of RCM Capital Management LLC (formerly Dresdner RCM Global Investors LLC) and Global Chief Investment Officer of Allianz Global Investors AG. Mr. Price enjoyed early success as a research analyst in the 1960's for well recognized firms in the US equity markets, taking on the additional responsibility of portfolio manager with Donaldson, Lufkin, Jenrette in 1970. Starting in 1977, William became an early partner in RCM Capital Management and ultimately led the Company as CEO to a stellar track record for growth. RCM had more than US$ 30 billion under management upon his retirement in 2003. As Global Equity Chief Investment Officer for Allianz Global Investors, one of the largest fund management companies in the world, Mr. Price was responsible for over US$ 500 billion under management. William continues to be a Guest Lecturer at the Stanford Graduate School of Business The Stanford Graduate School of Business (also known as Stanford Business School or Stanford GSB) is one of the professional schools of Stanford University, in Stanford, California. It is one of the leading business schools in the United States. and is Chairman of the William L. Price Charitable Foundation. Canarc Resource Corp. is a growth-oriented, gold exploration and mining company listed on the TSX (symbol CCM) and the OTC-BB (symbol CRCUF). The Company's principal assets are its 100% interest in the New Polaris gold deposit, British Columbia, and its 80% option on the Benzdorp gold property in Suriname. Major shareholders include Barrick Gold Corp. and Kinross Gold Corp. On Behalf of the Board of Directors CANARC RESOURCE CORP. Bradford J. Cooke, President and C.E.O. The TSX Exchange has neither approved nor disapproved the contents of this news release. Canarc Resource Corp. (TSX:CCM) (OTC Bulletin Board OTC Bulletin Board An electronic quotation listing of the bid and asked prices of OTC stocks that do not meet the requirements to be listed on the NASDAQ stock-listing system. :CRCUF) |
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