Last C$0.03 CAD
Change Today +0.005 / 20.00%
Volume 21.4K
As of 2:34 PM 09/19/14 All times are local (Market data is delayed by at least 15 minutes).

canada coal inc (CCK) Snapshot

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04/3/14 - C$0.09
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12/10/13 - C$0.02
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canada coal inc (CCK) Details

Canada Coal Inc. engages in the acquisition, exploration, and development of coal properties in Canada. Its principal property includes the Nunavut Coal project consisting of 75 coal exploration licenses covering a total area of 2,442,627 acres located on Ellesmere and Axel Heiberg Islands, Nunavut Territory. The company was incorporated in 2010 and is headquartered in Toronto, Canada.

Founded in 2010

canada coal inc (CCK) Top Compensated Officers

Founder, Executive Chairman, Chief Executive ...
Total Annual Compensation: C$96.0K
Chief Financial Officer
Total Annual Compensation: C$60.0K
Compensation as of Fiscal Year 2013.

canada coal inc (CCK) Key Developments

Canada Coal Inc. Announces Board Resignations

Canada Coal Inc. announced that William F. Lindqvist and Michael MacDonald have resigned as directors of the company.

Canada Coal Inc. Announces Executive Changes

Canada Coal Inc. announced that Mr. Jonker has resigned as President, CEO and director of the company to focus his efforts on his other business interests. The resignation is effective on February 28, 2014. The company announced that R. Bruce Duncan, Executive Chairman of the company, will assume the role of President and CEO upon Mr. Jonker's departure.

Canada Coal Inc. Provide Corporate Update on its Arctic Coal Properties

Canada Coal Inc. provided a corporate update on its Arctic coal properties. Community consultation meetings between Canada Coal and the Hamlet of Grise Fiord occurred in July 2013 and November 2013. The July consultation focused on presenting the planned Phase 2 exploration program to the community, and gathering feedback to resolve concerns relating to water management, wildlife management, and preservation of heritage resources. Although the meeting was well attended for the small Hamlet, many of the local hunters were absent due to seasonal work. The Company had a follow-up session in November 2013. Representatives from Aboriginal Affairs and Northern Development Canada and Qikiqtani Inuit Association were also in attendance for the meeting. During the November meeting it was agreed that more consultation with the community was required in order to adequately address all of their concerns. The company has agreed to delay its intended exploration program on Ellesmere Island for a 12 month period so that a joint working group between the company, the community and certain regulatory bodies can be established to explore ways to progress the project, whilst addressing the concerns of all stakeholders. The working group will meet regularly over the next 12 month period. Accordingly, the company has withdrawn its project application. During 2013, the company was granted relief on some of its coal exploration licences within the Fosheim Peninsula region on Ellesmere Island. An expiry date extension period of one year on existing licences was granted to the Company to allow time to conduct further consultation with the surrounding communities and other interested parties. The company will be seeking additional extensions to accommodate the twelve month working group timeframe. The company also announced that licences numbered 177 through 196, inclusive, have been relinquished in order to focus operations on the company's main project area, Fosheim Peninsula. The lapsed licences were all located on Axel Heiberg Island, outside of the Fosheim Peninsula Project. Licence areas 109-115, the majority of which are located on Ellesmere Island, also expired during 2013 but the company has reapplied for these areas.


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