Brief: American Resources Corp Will Be Commencing Private Offering Of Up To 3.5 mln Units

American Resources

04/06/2019 15:55

June 4 (Reuters) - American Resources Corp  AREC.O :
    * AMERICAN RESOURCES CORP - WILL BE COMMENCING A PRIVATE
OFFERING
OF UP TO 3.5 MILLION UNITS
    * AMERICAN RESOURCES-EACH UNIT COMPRISED OF $10.00 IN
PRINCIPAL
AMOUNT OF SENIOR CONVERTIBLE DEBENTURES DUE 2022 CONVERTIBLE
INTO  CLASS A COMMON STOCK
    * AMERICAN RESOURCES CORP - OFFERING MAY BE INCREASED BY UP
TO AN
ADDITIONAL $10 MILLION AT MUTUAL DISCRETION OF COMPANY AND
PLACEMENT AGENT
    * AMERICAN RESOURCES CORP - OFFERING WILL TERMINATE ON JUNE
30,
2019, UNLESS EXTENDED BY COMPANY AND PLACEMENT AGENT
    * AMERICAN RESOURCES-PROCEEDS WILL BE USED TO COMPLETE
ACQUISITIONS, ORGANIC GROWTH, EQUIPMENT, REFINANCE EXISTING
DEBT, REPAYING PERMITTED INDEBTEDNESS

Source text - (http://bit.ly/2QNtr8r)
Further company coverage:  AREC.O 

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