CanAm Coal Corp. (TSXV:COE) announced a non-brokered private placement of 23 units at CAD 11,250 per unit for gross proceeds of CAD 258,750 on December 22, 2014. Each unit will comprise of 125,000 common shares at a deemed price of CAD 0.05 per share, 100,000 flow-through common shares at a deemed price of CAD 0.05 per share, and 86,538 common share purchase warrants. Each warrant will entitle the holder to acquire one common share at CAD 0.065 per share for a period of one year expiring December 19, 2015. The transaction included participation from ten placees including Scott Bolton, Chief Financial Officer and member of the board of directors of the company, who subscribed for two units. The company paid finder's fee of CAD 20,700 and issued 414,000 non-transferrable finder's warrants to GMP Securities L.P. Each finder's warrant will entitle the holder to acquire one common share at a price of CAD 0.05 until expiry on December 19, 2016. TSX Venture Exchange has accepted filing documentation with respect to the transaction.

On December 22, 2014, CanAm Coal Corp. closed the transaction.