Brief: American Resources Entered Stock Acquisition Agreement With Novusterra

American Resources

05/04/2021 21:22

April 5 (Reuters) - American Resources Corp  AREC.O :
    * AMERICAN RESOURCES CORP -  ON MARCH 31, 2021, ENTERED INTO
SUBLICENSE AND DEVELOPMENT AGREEMENT AND A STOCK ACQUISITION
AGREEMENT WITH NOVUSTERRA
    * AMERICAN RESOURCES CORP - PURSUANT TO AGREEMENTS, WILL
RECEIVE
50% OF POSITIVE OPERATING INCOME OF NOVUSTERRA FROM
MANUFACTURING AND SALES OF GRAPHENE
    * AMERICAN RESOURCES CORP - ADDITIONALLY, WILL RECEIVE 10
MILLION
SHARES OF NOVUSTERRA CLASS B COMMON SHARES AND 5.7 MILLION
NOVUSTERRA CLASS A COMMON SHARES

Source: (https://bit.ly/3rTkhIo)
Further company coverage:  AREC.O 

 ((Reuters Messaging: Reuters.Briefs@thomsonreuters.com))