MONTREAL, Aug. 23, 2018 /CNW/ - AM Resources Corp.
(TSXV: AMR) announced on August 21,
2018 that it had issued a conditional purchase order (the
"PO") to acquire a UCS Machine.
Following the issuance of the press release, the Corporation
received instructions from the TSX Venture Exchange ("TSXV")
to halt trading in the common shares subject to the Corporation
providing certain documents and clarifications. The
Corporation has provided the exchange with the required information
relating to the PO.
AM confirms that the purchase of the UCS Machine would
constitute an arm's length transaction, that the UCS Machine will
be financed and manufactured by the vendor, and that investments to
increase the current coal production capacity of the Corporation's
early stage properties would be required in order to fully exploit
the UCS Machine.
The Corporation also wants to inform its shareholders
that it is working on completing its initial gold
trade transaction and that it undertook not to allocate more
than 20% of its resources to these activities.
Trading in the Corporation's common shares is expected to resume
trading on the TSXV at the opening on August
23, 2018.
ABOUT AM RESOURCES CORP.
AM Resources Corp. is a mining exploration Corporation with
interests in coal and natural bitumen projects in Colombia. AM is betting on Colombia's excellent mineral potential and
favourable climate to pursue its new Colombian venture. The
Corporation is also engaged in gold brokerage activities in
Colombia through its subsidiary,
AM Resources Trading Corp.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
SOURCE AM Resources Corp.