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 babybulls.com at: http://www.babybulls.com/clients/Canarc_Resource.html