Pacific Coal Resources Ltd. Announces Reclassification by the TSX Venture Exchange

About this update from Canter Resources Corp

[{"type":"text","content":"Pacific Coal Resources Ltd. Announces Reclassification by the TSX Venture ExchangeTORONTO, ON / ACCESSWIRE / January 27, 2016 / Pacific Coal Resources Ltd. (TSXV: PAK) announces that the Company is unable to maintain the continuous listing requirements for Tier 1 companies in accordance with the rules of the TSX Venture Exchange (TSXV). As a result, effective Thursday, January 28, 2016, the Company will be reclassified as a Tier 2 issuer under the TSXV.\nAbout Pacific Coal Resources Ltd.\nPacific Coal Resources Ltd. is a Canadian-based mining company engaged in the acquisition, exploration and production of coal and coal-related assets from properties located in Colombia. The Company's common shares are listed on the TSX Venture Exchange and trade under the symbol \"PAK\".\nFor further information, please contact:\nPeter Volk\nGeneral Counsel\n(416) 360-8725 \nForward Looking Information:\nThis news release contains \"forward-looking information\", which may include, but is not limited to, statements with respect to the future financial or operating performance of the Company and its projects. Often, but not always, forward-looking statements can be identified by the use of words such as \"plans,\" \"expects,\" \"is expected,\" \"budget,\" \"scheduled,\" \"estimates,\" \"forecasts,\" \"intends,\" \"anticipates,\" or believes\" or variations (including negative variations) of such words and phrases, or state that certain actions, events or results \"may,\" \"could,\" \"would,\" \"might\" or \"will\" be taken, occur or be achieved. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Pacific Coal to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Forward-looking statements contained herein are made as of the date of this press release and Pacific Coal disclaim, other than as required by law, any obligation to update any forward-looking statements whether as a result of new information, results, future events, circumstances, or if management's estimates or opinions should change, or otherwise. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from tho...

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