- AM Resources has closed the second tranche of a private placement for gross proceeds of $446,000
- Under the second tranche, the company issued 8,920,000 units at a price of $0.05 per unit
- The corporation expects to close a third tranche of the offering on or about May 8, 2022
- The proceeds of the offering will be used primarily for working capital purposes
- AM Resources Corporation is a mining exploration company with interests in coal and natural bitumen projects in Colombia
- AM Resources Corp. (AMR) opened trading at C$0.06 per share
AM Resources (AMR) has closed the second tranche of a private placement for gross proceeds of $446,000.
Under the second tranche, the company issued 8,920,000 units at a price of $0.05 per unit.
Each unit is comprised of one common share and one-half of one warrant. Each full warrant entitles the holder to acquire one common share at a price of $0.075 for a period of 24 months.
AM Resources paid a total of $19,500 in cash and issued 390,000 common shares to certain finders.
The corporation expects to close a third tranche of the offering on or about May 8, 2022.
The proceeds will be used primarily for working capital purposes.
All securities issued are subject to a four-month hold period in accordance with applicable Canadian securities legislation.
AM Resources Corporation is a mining exploration company with interests in coal and natural bitumen projects in Colombia.
AM Resources Corp. (AMR) opened trading at C$0.06 per share.
