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American Resources Corp (AREC.OQ)

AREC.OQ on NASDAQ Stock Exchange Capital Market

2.15USD
1:08am IST
Change (% chg)

$-0.05 (-2.27%)
Prev Close
$2.20
Open
$2.17
Day's High
$2.17
Day's Low
$2.08
Volume
6,412
Avg. Vol
5,487
52-wk High
$4.94
52-wk Low
$1.51

Latest Key Developments (Source: Significant Developments)

American Resources Corp Will Be Commencing Private Offering Of Up To 3.5 mln Units
Tuesday, 4 Jun 2019 

June 4 (Reuters) - American Resources Corp ::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.  Full Article

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