Brief: American Resources Corp Receives Unsolicited Bid For American Carbon For Up To $260 Million In Total Enterprise Value

American Resources

28/06/2023 13:44

June 28 (Reuters) - American Resources Corp  AREC.O :
    * AMERICAN RESOURCES CORP- RECEIVES UNSOLICITED BID FOR
AMERICAN
CARBON FOR UP TO $260 MILLION IN TOTAL ENTERPRISE VALUE
    * AMERICAN RESOURCES CORP-  PROPOSAL WAS NOT ACCEPTED DUE TO
DURATION AND STRUCTURE OF THE CONSIDERATION PAYMENTS
    * AMERICAN RESOURCES CORP-REMAINS COMMITTED ON MONETIZING
ASSETS
OF CARBON BUSINESS EITHER THROUGH SALE, LEASE OR PRODUCTION OF
DIVISIONS
    * AMERICAN RESOURCES CORP-FOCUSED ON EXPANDING PRODUCTION AT
MCCOY
ELKHORN, WYOMING COUNTY COAL POST CLOSING OF $45 MILLION TAX
EXEMPT BOND FINANCING


Further company coverage:  AREC.O 

 ((Reuters.Briefs@thomsonreuters.com;))