MONTREAL, March 23,
2023 /CNW/ - AM Resources Corporation
("AM" or the "Corporation") (TSXV: AMR) (Frankfurt: 76A) is pleased to announce the
full revocation of the cease trade order (the "CTO") by the
Autorité des marchés financiers (the "AMF") and the
reinstatement of its common shares for trading on the TSX Venture
Exchange (the "TSXV").
As previously announced on August 3,
2022, the AMF issued the CTO against the Corporation as a
result of the Corporation's inability to file its Financial
Documents (as defined below) within the time frame prescribed by
National Instrument 51-102. Subsequently, on August 4, 2022, the TSXV suspended trading of the
Corporation's common shares.
The Corporation is pleased to report that the CTO was fully
revoked on March 15, 2023 upon the
AMF having completed a review of the Corporation's continuous
disclosure in compliance with Policy Statement 11-207. Further to
the revocation of the CTO, AM obtained the reinstatement of trading
in its common shares through the facilities of the TSXV effective
March 22, 2023 (for more information,
see the TSXV's Bulletin).
Financial Documents
The following documents have been filed on December 19, 2022 and are available for review
under AM's SEDAR profile at www.sedar.com:
- audited consolidated annual financial statements for the year
ended December 31, 2021,
corresponding management's discussion and analysis*
("MD&A") and certifications;
- interim financial statements for the period ended March 31, 2022, corresponding MD&A and
certifications;
- interim financial statements for the period ended June 30, 2022, corresponding MD&A and
certifications; and
- interim financial statements for the period ended September 30, 2022, corresponding MD&A* and
certifications (collectively, the "Financial
Documents").
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*Amended versions of
the MD&A for the year ended December 31, 2021 and for the
period ended September 30, 2022 have been filed on March 23,
2023.
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Updates on Previous
Disclosures
AM wishes to inform the reader that the NI 43-101 Technical
Report on the Mina Luz Property Cauca Department Colombia filed
on SEDAR on November 24, 2017 is no
longer up-to-date and should not be relied upon. The Mina Luz
property has been written off from the Corporation's books in 2021
and is no longer material to the Corporation.
Further to its press releases dated April
29, 2022 and May 27, 2022, the
Corporation advises that the previously mentioned third tranche to
its private placement of units have not completed and therefore
terminated.
About AM Resources
AM Resources Corp. (TSXV: AMR) is a mining exploration company
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 Colombian venture.
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.