CanAm Coal Corp. (TSXV:COE) agreed to acquire additional 30% interest in Birmingham Coal & Coke Company, Inc. from Thomas A. Lewis, Robert A. Lewis, R. Wayne Bass for $11.5 million on July 1, 2012. The aggregate purchase price will be paid by $5.5 million in cash and the issuance of debentures in the offering, in an aggregate principal amount of $6 million together with 7.5 million Series A Warrants and 6 million Series B Warrants. The exercise of the Series A Warrants and Series B Warrants issued to the sellers is subject to disinterested shareholder approval. CanAm Coal Corp. will fund the acquisition through a non-brokered private placement offering of a minimum of 12,000 and a maximum of 16,000 units. The completion of the transaction is subject to certain conditions including acceptance of the transaction by the TSXV and other conditions customary for transactions similar in nature to the transaction. The transaction is expected to close on or about July 30, 2012. Scott Koyich of Brisco Capital Partners acted as public relations advisor to CanAm Coal Corp. in the transaction.