Radar Acquisitions, a natural resource development company, has decided to proceed with a name change in order to better align the name of the company with its actual activities and operations. The new name of the company will be CanAm Coal and the new symbol will be COE.
Timothy Bergen, president of Radar Acquisitions, said: “This name change will provide more clarity to the marketplace as our activities and operations have transitioned from an exploration company to a focused coal development, and more importantly, coal producing company.
“The reference to our geographical reach, Canada (Can) and the US (Am), is also a key aspect of the growth strategy of our company.”
Radar is a focused on growth through the acquisition, exploration and development of coal resources and resource-related technologies.
The company’s main activities and assets include its 49% owned Alabama coal mine operations, the exclusive rights to a proprietary Coal to Liquids technology that converts coal into liquid fuels, and the Buick Coal Project that holds coal resources, 188 million indicated and 103 million inferred resources, in Colorado, USA.