Brief: American Resourcess Board Approves ReElement Technologies' Proposed Term Sheet From Investment Fund

American Resources

07/03/2024 15:24

March 7 (Reuters) - American Resources Corp  AREC.O :
    * AMERICAN RESOURCES CORPORATION'S BOARD OF DIRECTORS
APPROVES
REELEMENT TECHNOLOGIES CORPORATION'S PROPOSED TERM SHEET FROM
INVESTMENT FUND
    * AMERICAN RESOURCES CORP - TERM SHEET REPRESENTS A $300
MILLION
VALUATION FOR REELEMENT TECHNOLOGIES AND UP TO $50 MILLION
INVESTMENT ROUND
    * AMERICAN RESOURCES CORP- CERTAIN MEMBERS OF MANAGEMENT
AGREE TO
COINVEST IN ROUND WITH A COMMITMENT OF GREATER THAN $1 MILLION

Further company coverage:  AREC.O 

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