Canarc Resource and Pan American Goldfields Sign Letter of Intent With Respect to a Business Combination and Announces CA$2.2 Million Private Placement Financing

          Canarc Resource Corp. (TSX:CCM) (OTCBB:CRCUF) (DBFrankfurt:CAN) is pleased to announce the signing of a letter of intent with Pan American Goldfields Ltd. (OTCQX:MXOM) with respect to a business combination whereby Canarc may acquire all of …