Brief: American Resources Says Co Received Unsolicited Investment Letter From A Current Shareholder

American Resources

05/03/2024 14:58

March 5 (Reuters) - American Resources Corp  AREC.O :
    * AMERICAN RESOURCES CORP -  ON MARCH 4 RECEIVED AN
UNSOLICITED
INVESTMENT LETTER FROM A CURRENT SHAREHOLDER AND FORMER BOARD
MEMBER OF CO
    * AMERICAN RESOURCES CORP - LETTER REFERENCES STRATEGIC
DIRECTION
OF CO ALONG WITH TO ITS WHOLLY OWNED SUBSIDIARY, REELEMENT
TECHNOLOGIES CORPORATION
    * AMERICAN RESOURCES CORP -  ALONG WITH SHAREHOLDER
INVESTMENT
LETTER WAS INCLUDED A TERM SHEET FOR A LEAD INVESTMENT IN
REELEMENT
    * AMERICAN RESOURCES CORP -  INVESTMENT LETTER IS CURRENTLY
UNDER
REVIEW
    * AMERICAN RESOURCES CORP -  INVESTMENT LETTER CARRIES
DETAILS
LIKE SPINOUT OR SALE OF AMERICAN CARBON CORPORATION
    * AMERICAN RESOURCES CORP -  INVESTMENT LETTER CARRIES
DETAILS
LIKE SPINOUT OF REELEMENT TECHNOLOGIES CORPORATION
    * AMERICAN RESOURCES CORP -  INVESTMENT LETTER CARRIES
DETAILS
LIKE SPINOUT OF INTEREST IN NOVUSTERRA INC

Source text for Eikon:  ID:n0001654954-24-002591 
Further company coverage:  AREC.O 

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