Brief: American Resourcess Board Approves ReElement Technologies' Proposed Term Sheet From Investment Fund
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
((Reuters.Briefs@thomsonreuters.com;))
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