Comments
yourfanat wrote: I am using another tool for Oracle developers - dbForge Studio for Oracle. This IDE has lots of usefull features, among them: oracle designer, code competion and formatter, query builder, debugger, profiler, erxport/import, reports and many others. The latest version supports Oracle 12C. More information here.
Cloud Expo on Google News

2008 West
DIAMOND SPONSOR:
Data Direct
SOA, WOA and Cloud Computing: The New Frontier for Data Services
PLATINUM SPONSORS:
Red Hat
The Opening of Virtualization
GOLD SPONSORS:
Appsense
User Environment Management – The Third Layer of the Desktop
Cordys
Cloud Computing for Business Agility
EMC
CMIS: A Multi-Vendor Proposal for a Service-Based Content Management Interoperability Standard
Freedom OSS
Practical SOA” Max Yankelevich
Intel
Architecting an Enterprise Service Router (ESR) – A Cost-Effective Way to Scale SOA Across the Enterprise
Sensedia
Return on Assests: Bringing Visibility to your SOA Strategy
Symantec
Managing Hybrid Endpoint Environments
VMWare
Game-Changing Technology for Enterprise Clouds and Applications
Click For 2008 West
Event Webcasts

2008 West
PLATINUM SPONSORS:
Appcelerator
Get ‘Rich’ Quick: Rapid Prototyping for RIA with ZERO Server Code
Keynote Systems
Designing for and Managing Performance in the New Frontier of Rich Internet Applications
GOLD SPONSORS:
ICEsoft
How Can AJAX Improve Homeland Security?
Isomorphic
Beyond Widgets: What a RIA Platform Should Offer
Oracle
REAs: Rich Enterprise Applications
Click For 2008 Event Webcasts
SYS-CON.TV
Top Links You Must Click On


Canarc Forms Strategic Mine Acquisitions Partnership with Canford

VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 02/04/13 -- Canarc Resource Corp. (TSX:CCM)(OTCBB:CRCUF)(DBFrankfurt:CAN) announces that it has formed a Strategic Mine Acquisitions Partnership (the "SMAP") with Canford Capital Ltd. for the purpose of acquiring, expanding and operating gold mines in North America (the "Acquisition Opportunities").

The main parameters of the SMAP agreement are as follows:


1.  Canarc will be the manager of the SMAP and identify and evaluate each
    Acquisition Opportunity including the timing and capital required.
2.  Once Canarc and Canford agree to pursue a particular Acquisition
    Opportunity, Canarc will complete the due diligence on behalf of the
    SMAP and Canford will then arrange 100% of the debt financing required
    by the SMAP.
3.  Upon closing each Acquisition Opportunity, Canford will own a 51%
    interest and Canarc will own a 49% interest therein until the debt
    financing is repaid in full.
4.  Upon repayment of the debt financing, Canarc will then own a 51%
    interest and Canford will own a 49% interest therein.
5.  Canford will exercise half its warrants from the September private
    placement of Canarc units, to purchase 5,650,000 common shares of Canarc
    at $0.15 each for total proceeds of $847,500, on the date of closing of
    the first Acquisition Opportunity.
6.  Canarc will grant Canford a further 60 day period of exclusivity to
    execute an option agreement to earn up to a 51% interest in the New
    Polaris gold mine project in return for up to a CAD$30 million
    investment in exploration and development, as previously agreed, on the
    date of closing of the first Acquisition Opportunity.

This Agreement will be binding upon both Canarc and Canford until it is replaced by a more formal Strategic Joint Venture Partnership Agreement. Canarc and Canford agree to use their respective commercially reasonable best efforts to complete a more formal Strategic Mine Acquisition Partnership Agreement on or before March 1, 2013.

Bradford Cooke, Chairman and CEO of Canarc, commented, "We are thrilled to enter into this Strategic Mine Acquisitions Partnership with Canford as it represents the start of a new era for Canarc. Even though Canarc has been a junior gold exploration company for many years, the management team has substantial experience in discovering, financing, developing and operating precious metal mines in North America. With Canford as our financing partner, we can now refocus on acquiring an operating but underperforming gold mine in a historic district that has turn-around and expansion potential."

"Canarc has been working with Canford on finalizing the details of the proposed option and joint venture agreement regarding the New Polaris gold mine property as previously announced when another very interesting Acquisition Opportunity was presented to us. After discussing it with Canford, we mutually agreed to delay further discussions on New Polaris in order to give our full and undivided attention to this new opportunity. While there is no certainty we will succeed in capturing this first opportunity, we clearly feel it is worth going after."

CANARC RESOURCE CORP.

Bradford Cooke, Chairman and CEO

About Canarc Resource Corp. - Canarc Resource is a growth-oriented, gold exploration and mining company listed on the TSX (CCM) and the OTC-BB (CRCUF). The Company is currently seeking to advance its 1.1 million oz, high grade, underground, New Polaris gold mine project in British Columbia to the feasibility stage, and to acquire its first operating gold mine in North America. Canarc is also focused on finding partners to explore its Windfall Hills gold properties in central BC and the Tay LP gold property in the Yukon Territory.

Cautionary Note Regarding Forward-Looking Statements

This news release contains "forward-looking statements" within the meaning of the United States private securities litigation reform act of 1995 and "forward-looking information" within the meaning of applicable Canadian securities legislation. Such forward-looking statements and information herein include, but are not limited to, statements regarding Canarc's future performance, including anticipated acquisitions, exploration, development, production, revenues, cash costs, capital costs, timing and expenditures to develop new mines and mineralized zones, gold grades and recoveries, and the use of the Company's working capital. The Company does not intend to, and does not assume any obligation to update such forward-looking statements or information, other than as required by applicable law.

Contacts:
Canarc Resource Corp.
Gregg Wilson
Vice-President (Investor Relations)
(604) 685-9700 or Toll Free: 1-877-684-9700

Canarc Resource Corp.
Maelle Trevedy
Investor Relations Assistant
(604) 685-9700 or Toll Free: 1-877-684-9700
(604) 685-9744 (FAX)
info@canarc.net
www.canarc.net

About Marketwired .
Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Enterprise Open Source Magazine Latest Stories . . .
We often get asked “Should I use GridFS for file storage with MongoDB”. As with most things, the answer is a staunch “it depends”. GridFS looks like a great idea on paper - a virtual filesystem held within MongoDB which allows for larger than 16MB files to be held, synced and replicat...
The supply chain is evolving, and buyers need to analyze and predict, but also to manage risk. When Capgemini's business information management (BIM) practices unit needed to provide big data capabilities to its insurance company customers, it needed to deliver the right information t...
Some people believe good or bad things always happen in threes. I believe you will always be able to find three (and probably more) things that are good or bad and somewhat related, but sometimes I get surprised by the apparent coincidental appearance of several closely related “things...
This article defines long polling and presents a few techniques on how long polling could be used in Spring MVC web applications. Discussion covers both the AJAX and the server part of the solution as well as outlines a few possible options for implementation. The article compares perf...
Red Hat, Inc., on Wednesday announced that it has signed a definitive agreement to acquire eNovance, a provider of open source cloud computing services. Combined with Red Hat’s existing leadership in OpenStack, the addition of eNovance’s systems integration capabilities and engineering...
Hear from Red Hat leaders and industry experts on Tuesday, June 10, 2014, at 11am and see how Red Hat Enterprise Linux continues to deliver unmatched customer value, increased efficiency, and true strategic advantage for global customers across every industry. Attendees will learn mor...
Subscribe to the World's Most Powerful Newsletters
Subscribe to Our Rss Feeds & Get Your SYS-CON News Live!
Click to Add our RSS Feeds to the Service of Your Choice:
Google Reader or Homepage Add to My Yahoo! Subscribe with Bloglines Subscribe in NewsGator Online
myFeedster Add to My AOL Subscribe in Rojo Add 'Hugg' to Newsburst from CNET News.com Kinja Digest View Additional SYS-CON Feeds
Publish Your Article! Please send it to editorial(at)sys-con.com!

Advertise on this site! Contact advertising(at)sys-con.com! 201 802-3021




SYS-CON Featured Whitepapers
ADS BY GOOGLE