Canarc Arranges Cdn$200,000 Demand Loan From Directors and Employees, Grants Stock Options to Directors, Employees and Consultants

Canarc Resource Corp. (TSX: CCM; OTCBB: CRCUF) announced today that it has arranged a Cdn$200,000 demand loan from certain directors and employees of the Company. The loan will bear simple interest of 12% per annum, calculated monthly and paid semi-annually.

Canarc has also granted 1,400,000 stock options at $0.10 per share to certain consultants, directors and employees. The options are for a 1 year period and will vest at the rate of 25% every quarter.

Be sure to check out the new Canarc profile page on at:

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