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News

Canarc Retains Financial Advisor to Evaluate Strategic Alternatives

Vancouver, Canada – June 4, 2012 – Bradford Cooke, Chairman and CEO of Canarc Resource Corp. (TSX: CCM, OTC-BB: CRCUF, Frankfurt: CAN), announces that the Company has retained Primary Capital Inc. as its financial advisor for the purpose of evaluating strategic alternatives to enhance shareholder value.

For some time, Canarc management has been seeking out and negotiating with potential partners to develop its main asset, the New Polaris gold mine project located in northwestern BC.  Canarc has also been evaluating various acquisition opportunities to build shareholder value.

Primary Capital will provide Canarc with a range of services including but not restricted to:

This financial advisory agreement between Canarc and Primary runs for a twelve month period unless terminated by either party.  Certain prior discussions or agreements on possible transactions with certain third parties are exempt from this advisory agreement.

Canarc Resource Corp.

/s/     “Bradford J. Cooke”

Bradford Cooke
Chairman and CEO

About Canarc Resource Corp. - Canarc Resource is a growth-oriented, gold exploration company listed on the TSX (CCM) and the OTC-BB (CRCUF). The Company is currently focused on exploring its four gold properties in central BC and the Tay LP gold property in the Yukon Territory. Canarc is also seeking a partner to advance its high grade, underground, New Polaris gold mine project in British Columbia to the feasibility stage.

For More Information - Please contact Garry Biles, President, or Erika Fula, Investor Relations Assistant
Toll Free: 1-877-684-9700,
Tel: (604) 685-9700,
Fax: (604) 685-9744,
Email: [email protected],
Website: www.canarc.net

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Canarc to Sell Lightning Tree Gold Property, Idaho to Minkap Resources
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Canarc Announces Upsizing of Private Placement Financing with $5.2 Million Second Tranche for Total of $8.4 Million
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Canarc Announces Name Change, Share Consolidation, $3.2 Million Private Placement Financing, Focus on Canadian Gold Projects, Strategic Review of Nevada Gold Projects and Appointment of New Director
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Jul 6, 2020
Canarc Resource Corp. Options Lightning Tree Gold Property in Idaho to Minkap Resources Inc.
Jul 2, 2020
Canarc Announces Results of its Annual General Meeting of Shareholders
Jun 23, 2020
Canarc Appoints VP Exploration
May 20, 2020
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Apr 29, 2020
Canarc Shareholder Update on 1st Quarter Activities and 2nd Quarter Plans
Jan 22, 2020
Canarc Summarizes 2019 Results and Outlines 2020 Plans
Jan 7, 2020
Canarc Enters into Definitive Option Agreement with Getchell Gold Corp. for the Fondaway Canyon and Dixie Comstock Properties, Nevada
Dec 19, 2019
Canarc Discovers New High-Grade Gold Prospect, Assaying up to 18.7 g/t, at its Hard Cash Project, Nunavut, Canada
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Canarc Completes Phase 1 Drill Program at Corral Canyon, Nevada
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Canarc Resource Options its Fondaway Canyon and Dixie Comstock Properties in Nevada to Getchell Gold
Oct 15, 2019
Canarc Announces Phase 1 Drill Program at Corral Canyon Gold Project, Nevada
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Canarc Resource Identifies Four High Priority Gold Targets at its Corral Canyon Project, Nevada
Aug 1, 2019
Canarc Reviews Results of Airborne Magnetic Survey Flown Over the Princeton Property in British Columbia
Jul 24, 2019
Canarc Arranges CAD$1.44 Million Flow-Through Private Placement Financing
Jul 9, 2019
Canarc Amends Option Agreement on Princeton Gold Property, BC
Jun 28, 2019
Canarc Announces Results of its Annual General Meeting
Jun 19, 2019
Canarc Reviews Results of Airborne Geophysical Surveys Flown Over the Hard Cash Property in Nunavut
May 21, 2019
Canarc Receives Government Land Use Permit for Multi-Phase Exploration on the Hard Cash Gold Property in Nunavut, Canada
Apr 18, 2019
Canarc Announces the Filing of New Polaris Preliminary Economic Assessment Report
Mar 4, 2019
Canarc Announces Robust Preliminary Economic Assessment on the New Polaris Gold Mine Delivering Post Tax IRR of 38%
Feb 25, 2019
Canarc Summarizes 2018 Results and Outlines Plans for 2019
Jan 23, 2019
Canarc Completes Airborne Geophysical Survey Over the Newly Acquired Hard Cash Gold Property in Nunavut, Canada
Jan 14, 2019
Canarc Achieves up to 96% Gold Recovery from BIOX Metallurgical Tests on High Grade New Polaris Project Flotation Concentrate
Jan 10, 2019
Canarc Completes Aero-Geophysical Survey on Princeton Gold Property
Dec 20, 2018
Canarc Options Princeton Gold Property in British Columbia, Canada
Nov 29, 2018
Canarc Options Hard Cash and Nigel Gold Properties in Nunavut, Canada
Nov 20, 2018
Canarc Acquires New Gold Project In Nevada With Historic Near Surface Drill Results Including 10.7 Meters Grading 2.6 G/T Gold
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Canarc Enters Option Agreement on its Silver King Property in Nevada
Oct 23, 2018
Canarc Appoints New CEO
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Canarc Announces Results of Annual General Meeting and Appointment of Interim CEO
Jun 19, 2018
Canarc Announces Normal Course Issuer Bid
May 15, 2018
Canarc Engages Hatch to Evaluate the Feasibility of Installing a Small Concentrate Autoclave to Produce Gold Dore Bars at the New Polaris Mine Site
Feb 6, 2018
Canarc Summarizes 2017 Results and Outlines Plans for 2018
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Canarc Appoints VP Exploration
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Canarc Signs Agreement with Barrick Gold and Skeena Resources on its 33.33% Carried Interest in Claims at the Eskay Creek Gold Mine
Dec 5, 2017
Canarc Intersects Significant Gold Mineralization in First Three Drill Holes at Fondaway Canyon Project in Nevada, Including 2.83 Grams per Tonne Gold over 65.4 Meters
Nov 15, 2017
Canarc Reports Additional High Grade Gold Samples at Fondaway Canyon Project in Nevada, Provides Update on Phase 1 Drill Program
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Canarc to Begin Drilling at Fondaway Canyon, Nevada
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Canarc Reports High Grade Gold in Surface Rock Samples at Fondaway Canyon, Nevada
Jul 14, 2017
Canarc Announces Extends The Term of Warrants
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Canarc Completes Detailed Data Review of Fondaway Canyon Project, Develops New Structural Model for Gold Mineralization, Commences Ground Magnetic Survey and Drill Permitting in Nevada
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Canarc Announces Results of its Annual and Special General Meeting
May 23, 2017
Canarc Appoints US Exploration Manager
May 2, 2017
Canarc Files NI 43-101 Technical Report For the Fondaway Canyon Property, Nevada, USA
Apr 24, 2017
Canarc Completes $500,000 Flow-Through Financing
Apr 11, 2017
Canarc Reports NI 43-101 Resource Estimate For the Fondaway Canyon Property, Nevada, USA
Mar 21, 2017
Canarc Closes Acquisition of Nevada Gold Assets
Mar 2, 2017
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Feb 6, 2017
Canarc Announces Normal Course Issuer Bid
Jan 31, 2017
Canarc Announces 2017 Exploration Program for the FG Property
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Canarc Commences Geophysical Survey at Windfall Hills Property, BC
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Canarc Closes Agreement to Earn up to 75% Interest in FG Gold Property
Aug 25, 2016
Canarc Options FG Gold Property in Central BC from Eureka Resources
Aug 10, 2016
Canarc Retains Gordon Neal for Corporate Development
Jul 12, 2016
Canarc Provides Update on Strategic Plans
Jun 22, 2016
Canarc Announces Results of its Annual General Meeting
May 30, 2016
Canarc Completes Sale of Oro Silver and the El Compas Mine Project to Endeavour Silver for CAD$10.5 Million in Endeavour Shares
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Canarc Sells El Compas Mine Project to Endeavour Silver for CAD$10.5 Million in Endeavour Shares
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Canarc Closes $449,500 Second Tranche of Private Placement Financing
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Canarc Arranges $8 Million Debt Financing to Develop El Compas Gold-Silver Mine in Zacatecas, Mexico to Production
Mar 3, 2016
Canarc Closes $1.6 M First Tranche of Private Placement Financing
Feb 16, 2016
Canarc Arranges CA$2.0 Million Private Placement Financing; Provides El Compas Mine Project Financing Update
Feb 1, 2016
Canarc Leases Permitted “La Plata” Processing Plant in Zacatecas Mexico
Jan 19, 2016
Canarc Reports Positive Preliminary Economic Assessment For the El Compas Gold-Silver Mine Project in Zacatecas, Mexico with Low All-In Sustaining Costs Estimated at US$614 per ounce AuEq.
Jan 14, 2016
Canarc Reports NI 43-101 Resource Estimate For the El Compas Gold-Silver Mine Project, Zacatecas, Mexico
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Canarc Appoints General Manager for El Compas Gold-Silver Mine
Dec 8, 2015
Canarc Issues Stock Options and Appoints Interim Corporate Secretary
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Canarc Closes Acquisition of Oro Silver and its El Compas Gold-Silver Mining Project in Zacatecas, Mexico and Last Tranche of Private Placement
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Canarc Appoints New Board Member
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Canarc to Lease Fully Permitted Processing Plant in Zacatecas Mexico
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Canarc Begins Preliminary Economic Assessment Report on El Compas Gold-Silver Project in Mexico
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Canarc Signs Definitive Agreement to Acquire Oro Silver and its El Compas Gold-Silver Mining Project in Zacatecas, Mexico from Marlin Gold
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Canarc Arranges CA$0.75 Million Private Placement Financing
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Canarc Announces Positive Test Results for Metallurgical Testing of the Albion Process
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Canarc Announces Results of its Annual General Meeting
May 27, 2015
Canarc Receives Second Funding Tranche for New Polaris Gold Mine Project, Provides Update on Progress
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Canarc Cancels Stock Options
May 11, 2015
Canarc Appoints New Board Member
Apr 8, 2015
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Canarc Signs a C$10M Pre-Development and Earn-In Binding Agreement for New Polaris Gold Mine
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Canarc Provides Corporate Update on Plans for 2015
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Canarc Resource Confirms Termination of Share Exchange Agreement with Santa Fe Gold
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Canarc Grants Stock Options
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Canarc Closes Flow-Through Financing
Jul 9, 2014
Canarc Provides Additional Information Regarding TSX Continued Listing Review
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Canarc Announces Results of its Annual General Meeting
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Canarc Resource Terminates Letter of Intent With Respect to a Business Combination with Pan American Goldfields
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Canarc Provides Additional Information Regarding TSX Continued Listing Review
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Canarc Closes $900,000 Private Placement Financing and Provides Update
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Canarc Closes $1.06 M Private Placement Financing
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Canarc Resource and Pan American Goldfields Sign Letter of Intent With Respect to a Business Combination
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Canarc Announces Retirement of VP Exploration
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Canarc Closes Fully Subscribed Private Placement Financing
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Canarc Appoints New CEO, Grants Stock Options, Announces Financing
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Canarc Appoints New Director
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Canarc Reports Results of Annual General Shareholder Meeting
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Canarc to Seek Alternate Sources of Financing for the Development of its New Polaris Gold Mine Project and the Acquisition of Operating Gold Mines
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Canarc Forms Strategic Mine Acquisitions Partnership With Canford
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Canarc Closes Final Tranche of Non-Brokered Private Placement
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Canarc Arranges CA$0.6 Million Private Placement Financing
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Review of Third Quarter and Outlook for Fourth Quarter, 2012
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Canarc Closes CAD$1.1 Million Brokered Private Placement
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Canarc Signs Letter of Intent for a CA$1.1 Million in Private Placement Financing
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Canarc Grants Stock Options
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Canarc Arranges Cdn$200,000 Demand Loan from Directors and Employees, Grants Stock Options to Directors, Employees and Consultants
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Canarc Defines Gold-Silver Anomalies at Windfall Hills Project Northwest of NewGold's Blackwater Gold Discovery in Central BC
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Shareholder Update; Review of Second Quarter and Outlook for Third Quarter, 2011
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Canarc Stakes Two More Gold Properties in Central British Columbia
May 19, 2011
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May 11, 2011
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Apr 25, 2011
Canarc Options Two Gold Properties Northwest of Richfield’s Blackwater Gold Discovery in Central British Columbia
Apr 12, 2011
Canarc Updates Preliminary Economic Assessment of New Polaris Gold Mine Project in Northwestern BC
Mar 21, 2011
Cap-Ex Returns Tay LP Property to Canarc
Feb 25, 2011
Canarc Closes $300,000 Convertible Debenture
Feb 7, 2011
Canarc Closes $300,000 Convertible Debenture and Purchase of Relief Canyon Assay Laboratory
Feb 2, 2011
Canarc to Update Preliminary Economic Assessment of New Polaris Gold Mine Project in Northwestern British Columbia
Jan 31, 2011
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Dec 21, 2010
Canarc Agrees to Purchase the Relief Canyon Gold Mine Assets in Nevada;
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Canarc Closes CA$1.275 Million Private Placement Financing
Nov 23, 2010
Canarc Arranges Up To Approximately CA$2.0 Million in Private Placement Financing
Nov 3, 2010
Review of Third Quarter and Outlook for Fourth Quarter of 2010
Oct 12, 2010
Cap-Ex Completes Airborne Geophysical Survey over Canarc’s TAY–LP Gold Property in Yukon
Aug 24, 2010
Canarc’s Tay-LP Option Agreement with Cap-Ex Ventures Receives TSX-V Acceptance
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Review of Second Quarter and Outlook for Third Quarter of 2010
May 18, 2010
Canarc Resource Corp Shareholder Update First Quarter Review and Second Quarter Outlook, 2010
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Canarc Options TAY–LP Gold Property to Cap-Ex Ventures; Review of 2009 and Outlook for 2010
Jan 6, 2010
Canarc Updates NI 43-101 Preliminary Economic Assessment Report, Improves Project Economics for the New Polaris Gold Mine Project, BC
Nov 12, 2009
Canarc Resource Drill Program Intersects Gold at Tay–LP Property, Yukon
Nov 9, 2009
Canarc Closes CA$37,350 in Private Placement Financing
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Canarc Arranges CA$40,000 in Private Placement Financing
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Canarc Closes CA$960,000 in Two Private Placement Financings
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Canarc Resource Corp Shareholder Update Third Quarter Review 2009
Sep 15, 2009
Canarc Commences Drill Program on Tay-LP Gold Property, Yukon Territory
Sep 9, 2009
Canarc Arranges CA$900,000 in Private Placement Financings
Aug 25, 2009
Canarc Acquires TAY–LP Gold Property in the Tintina Gold Belt, Yukon
Jul 29, 2009
Shareholder Update and Second Quarter Review 2009
May 11, 2009
Canarc Arranges CA$62,000 Loan Financing with Directors and Officers
Apr 2, 2009
Canarc Resource Corp: Caza Gold to Acquire Two Large Gold Exploration Properties in Mexico; Offers to Purchase 30% of the Moris Gold Mine in Chihuahua, Mexico;
Mar 27, 2009
Canarc Resource News Release
Feb 17, 2009
Canarc Resource Corp. Shareholder Update: Review of 2008 and Outlook for 2009
Jan 7, 2009
Canarc Announces Improved Economic Outlook for New Polaris Gold Mine Project
Dec 1, 2008
Canarc Closes $100,000 Private Placement Financing
Nov 12, 2008
Shareholder Update
Third Quarter Review 2008
Nov 10, 2008
Canarc Revises Terms of Private Placement Financing
Sep 30, 2008
Canarc Arranges CA$600,000 Private Placement Financing
Sep 29, 2008
Caza Gold Retires $300,000 Debt Financing; Options Los Angeles Gold Properties in Chihuahua, Mexico; Raises $1,155,000 Equity Financing; Drills Los Arrastres Properties in Guanajuato, Mexico;
Aug 6, 2008
Second Quarter Review 2008
Jun 18, 2008
TSX Approves Caza Gold Spin-Out By Way of a Plan of Arrangement
Jun 10, 2008
Canarc Announces Appointments of New President and COO, and New Director to the Board
May 13, 2008
First Quarter Review 2008
Apr 30, 2008
Canarc Shareholders Approve All Resolutions at Annual and Special General Meeting Held on April 29, 2008 in Vancouver, Canada, Including Special Resolution to Spin-Out Mexican Gold Projects to Subsidiary “Caza Gold Corp.” and Distribute Caza Shares to Canarc Shareholders
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Canarc To Hold Annual And Special Shareholders Meeting on April 29, 2008;
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Jan 23, 2008
Shareholder Update
Nov 19, 2007
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Oct 9, 2007
Third Quarter Review 2007
Sep 20, 2007
Canarc Enters Option and Joint Venture Agreement with EXMIN Resources to Extend Land Holdings of Santiago Gold Project, Mexico
Aug 20, 2007
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Shareholder Update - Second Quarter Review 2007
Jul 25, 2007
Canarc Closes CA$1.1 Million Private Placement Financing
Jun 25, 2007
Canarc Arranges CA$1 Million Private Placement Financing
Jun 21, 2007
Notice of Move
May 16, 2007
Canarc Acquires Option to Purchase Santiago Gold Project, Chihuahua State, Mexico
May 1, 2007
Shareholder Update - First Quarter Review 2007
Mar 20, 2007
Canarc Acquires Options to Purchase Providencia and Los Arrastres Gold-Silver Projects In Guanajuato State, Mexico
Feb 20, 2007
Canarc Resource Corp. to Present at GoldSeek.com Virtual Gold Investment Conference on February 22, 2007
Feb 14, 2007
Canarc Sampling Returns 39.7 gpt and 9.3 gpt Gold Over 2 m Widths From New Vein Discovery On Benzdorp Project, Suriname
Feb 1, 2007
Canarc Reports Updated NI 43-101 Resource Estimate For New Polaris Gold Project, British Columbia
Jan 30, 2007
Canarc Makes Two New Appointments To Senior Management Team
Jan 16, 2007
Shareholder Update: Review of 2006 and Outlook for 2007
Dec 12, 2006
Deepest Drill Hole of 2006 Drilling Program at New Polaris Intersects 7.1 gpt Gold Over 10.2 m Length; 2006 Drill Program Now Complete, Independent N.I. 43-101 Resource Estimate Now Underway
Nov 21, 2006
Canarc Drilling Intersects Additional High Grade Visible Gold Mineralization at New Polaris Property, BC.
Oct 25, 2006
Third Quarter Review 2006 October 25, 2006 Vancouver, Canada
Oct 23, 2006
Drilling Continues To Outline High Grade Gold Mineralization At New Polaris Project, BC
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Canarc Closes Two Private Financings Totaling CA$4 Million
Oct 3, 2006
Drilling Returns Additional High Grade Gold Intercepts From New Polaris Project, BC
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Canarc To Raise Up To CA$4.1 Million in Two Private Placements
Sep 25, 2006
Drilling Intersects 23.1 gpt Gold Over 16.5 m at New Polaris Project
Sep 18, 2006
Visible Gold Intersected In Drill Hole At New Polaris Project, BC
Sep 14, 2006
News Release
Aug 21, 2006
Drilling Returns Best Holes Yet At New Polaris Project, BC
Aug 8, 2006
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Jul 18, 2006
SHAREHOLDER UPDATE: Second Quarter Review 2006
Jul 5, 2006
Additional High Grade Drill Results From New Polaris Property, B.C. Shareholders Re-Elect Board of Directors
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Canarc Transfers Interest in Sara Kreek Project, Suriname; Major Infill Drilling Program Now Underway At New Polaris Property, B.C.
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Shareholder Update: First Quarter Review 2006
Mar 20, 2006
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Canarc Identifies Several New Gold Prospect Areas On The Benzdorp Property, Suriname
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Shareholder Update: Review of 2005 and Outlook for 2006
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Canarc Plans CA$ 2.7 Million, Phase 3 In-Fill Drilling Program
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Canarc Appoints Jack McClintock President And C.O.O.
Dec 14, 2005
Additional High Grade Gold Drill Intercepts Confirm C Vein Continuity on New Polaris Property, British Columbia
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Shareholder Update: Third Quarter Review 2005
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Canarc Commences Phase 2 In-Fill Drilling Program at New Polaris Project, BC
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Shareholder Update: Second Quarter Review 2005
Jun 21, 2005
Exploration Work Resumes on Benzdorp Project, Suriname
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Shareholders Approve Board Election, Shareholder Rights Plan, Changes to Articles, And Other Resolutions; Management Team Strengthened
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Board Resignation and Appointment
Mar 29, 2005
Metallurgical Testwork Indicates Excellent Gold and Copper Recoveries For JQA Mineralization, Benzdorp Property, Suriname
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Final 2004 Drill Results Return Significant Gold Intercepts From JQA Prospect, Suriname
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Shareholder Update: First Quarter Review 2005
Feb 23, 2005
Shareholder Update: Overview of 2004 and Outlook for 2005
Feb 15, 2005
Bellavista Mine Construction Nearing Completion, Gold Production to Commence in Q2, 2005
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Metallurgical Testing of New Polaris Ores Improves Gold Recoveries to 95%
Jan 12, 2005
Drilling Intersects Multiple High Grade Gold Zones Including 0.93 opt Over 26.4 ft On New Polaris Property, B.C.
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Oct 13, 2004
Canarc Commences Phase 1 In-Fill Drilling Program At New Polaris Project, BC; Raises CA $487,500 In Flow-Through Private Placement Financing
Sep 29, 2004
Canarc Reports Significant Copper Values From Deep Drilling at Benzdorp; Receives Expression of Interest From Major Gold Companies
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Canarc Appoints New Director And New Advisor To The Board; Forms Special Committee To Explore Alternatives To Enhance Shareholder Value
Aug 11, 2004
Deep Drilling Results Extend Porphyry Gold Mineralization at Benzdorp Property
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SHAREHOLDER UPDATE: Second Quarter Review 2004
Jul 6, 2004
Additional Deep Drilling Results Confirm Broad Zone of Porphyry Gold Mineralization at Benzdorp
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Canarc Shareholders Re-elect Directors, New Appointments to Management Team
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Apr 12, 2004
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Mar 17, 2004
Gold-Copper Porphyry Mineralization in JQA Prospect Area Expanded by Final 2003 Drill Results on Benzdorp Property, Suriname
Feb 18, 2004
Canarc and Grassalco Complete the Incorporation of Benzdorp Gold N.V.
Feb 5, 2004
Bradford J. Cooke, President and CEO of Canarc Resource Corp., provides shareholders with the following overview of 2003 and the outlook for Canarc in 2004.
Jan 30, 2004
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Dec 23, 2003
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Dec 2, 2003
Drilling Intersects Additional Porphyry Gold Mineralization At JQA Prospect
Nov 25, 2003
More Drill Results from JQA Prospect
Nov 7, 2003
Canarc Closes $3 Million in Private Placement Financings
Oct 27, 2003
SHAREHOLDER UPDATE - Third Quarter Review 2003
Oct 20, 2003
Additional Porphyry Gold Drill Intercepts From JQA Prospect, Benzdorp Property, Suriname
Oct 1, 2003
Canarc Agrees to CA $3 Million Private Placement
Aug 12, 2003
First Four Drill Holes Intersect Porphyry-Type Gold-Copper Mineralization In JQA Prospect OnBenzdorp Property, Suriname - NEWS ANNOUNCEMENT
Jul 17, 2003
PHASE 1 DRILLING PROGRAM NOW UNDERWAY ON BENZDORP PROPERTY, SURINAME
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SHAREHOLDER UPDATE - Second Quarter Review 2003
Jun 9, 2003
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May 15, 2003
Engineering And Resource Studies Now Underway On New Polaris Gold Mine Project, B.C.
May 6, 2003
Two Large New Gold Anomolies Found on Benzdorp Property, Suriname
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SHAREHOLDER UPDATE - Benzdorp Property Visit
Apr 15, 2003
Shareholder Update: Significant new developments were achieved in several areas over the past three months
Dec 16, 2002
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SHAREHOLDER UPDATE
Nov 4, 2002
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Shareholder Update: Third Quarter 2002, Oct 15, 2002
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Shareholder Update: Third Quarter Review, 2001, Oct 12, 2001
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Canarc Closes $500,000 Private Placement Financing
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Shareholder Update: Second Quarter 2002, Sep 30, 2002
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Updates on the Bellavista and New Polaris Projects
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Shareholder Update: Annual Report 2001, Apr 23, 2002
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