CanAm Coal Corp. (TSXV:COE) is exploring other strategic options. Although the Company continues to work on a refinancing plan in order to improve its overall financial position and to deal with a number of upcoming debt obligations, including a $1.5 million promissory note that is due by BCC on May 31, 2015, there can be no guarantee that it will be successful, hence they are considering other options as well.