Each one in plain English, with the numbers worked through for a shareholder.
8 Apr 2020material agreement● Neutral
American Resources closed an initial $13.4 million of convertible debt - mostly refinancing existing obligations - with room to raise up to $25 million total, convertible into stock at $1.05 per share and carrying 12.5% interest.
American Resources filed an amended version of its independent-director/audit-committee Nasdaq deficiency notice with no change to the underlying issue.
American Resources fell out of compliance with Nasdaq's independent-director and audit-committee rules after a director resigned, triggering a separate compliance notice with a cure period into 2021.
American Resources received its first Nasdaq deficiency notice for its stock trading below the $1.00 minimum bid price for 30 straight days, with no immediate effect on its listing and a cure period into April 2020.
3 Oct 2019asset acquisition disposition▲ GoodMajor
American Resources closed its purchase of Cambrian Holding's Kentucky coal-mining subsidiaries out of bankruptcy, taking over Perry County Coal and its affiliates.
American Resources agreed to buy several Kentucky coal-mining subsidiaries of bankrupt Cambrian Holding Company - Perry County Coal, Bear Branch Coal, Ray Coal and Whitaker Coal - through a court-supervised bankruptcy sale.
American Resources signed a binding term sheet to buy a majority of bankrupt Blackjewel LLC's Eastern coal assets out of Chapter 11 for nominal cash plus up to $8 million in royalty payments; no closing announcement follows in the company's later filings, leaving the outcome of this proposed deal unclear.
American Resources amended warrants held by lender Golden Properties Ltd to reflect additional loans Golden Properties had extended beyond their original 2017 financing agreement.
American Resources filed an amended report adding financial detail to its completed Empire Kentucky Land/Empire Coal Holdings acquisition, without changing the underlying deal terms.
American Resources combined two coal supply contracts with Integrity Coal Sales into one blended-price agreement and confirmed it had drawn the full $6.5 million loan from Integrity.
American Resources corrected its Nasdaq uplisting offering disclosure to reflect a total size of $4.6 million if the underwriters' over-allotment option is fully exercised.