MONTREAL, May 14, 2018 /CNW/ - AM Resources Corp.
(formerly NQ Exploration Inc.) (the "Corporation") (TSX
VENTURE: NQE) is pleased to announce that effective Tuesday, May 15, 2018 at the opening of trading,
the Corporation will resume trading under the new symbol "AMR" on
the TSX Venture Exchange ("TSXV"). As a result of completing the
reverse take-over transaction (the "RTO") with AM Resources SAS and
meeting the necessary listing requirements of the TSXV as a Tier 2
Mining Issuer.
"This represents the last milestone of our strategic
reorganization undertaken last year," stated David Grondin, President and Chief Executive
Officer of AM. "While it took longer than anticipated, completing
the RTO allows us to focus on developing our Colombian asset while
evaluating new investments and business opportunities."
Mr. Grondin continued, "I also want to sincerely thank our
securityholders for their patience and support throughout this
challenging process."
The Corporation's capital structure consists of 53,132,883
common shares, 158,244 common share purchase warrants and 1,650,000
stock options outstanding. Certificates and/or letters of
transmittal for the common shares of the Corporation (now AM
Resources Corp.) issued in connection with the RTO are being
processed and being mailed out to applicable shareholders of the
Corporation.
Shareholders who still hold Certificates and/or letters of
transmittal for the common shares of the Corporation in the name of
NQ Exploration Inc. are reminded to submit them to the Corporation
transfer agent, AST Trust Company (Canada), together with a duly completed letter
of transmittal. For assistance please contact AST at: Toll Free:
1-800-387-0825, or E-Mail: inquiries@astfinancial.com.
Full details concerning the RTO and descriptions of the new
board of directors and management of the Corporation are included
in the information circular of the Corporation dated November 22, 2017 and the Corporation press
release dated April 12, 2018, copies
which are available for review on SEDAR.
ABOUT AM RESOURCES CORP.
AM Resources Corp. is a mining exploration Corporation with
interests in coal and galsonite projects in Colombia. AM is betting on Colombia's excellent mineral potential and
favourable climate to pursue its new 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.