ACRG updates LOC to $52.5M, merger with SMS Group pending uplist

American Clean Resources Group, Inc.

Granite Peak Resources (GPR) increased LOC to $52.5M via Third Amendment (June 12, 2023); Deed of Trust raised to $250M.
Balance due under LOC as of March 31, 2023: $10,689,663; GPR holds 53.9% of common stock.
GPR acquired defaulted TG Note ($774k) and Aged Note ($100k), rolled into LOC; also acquired Stephen Flechner judgment ($3.7M).
ACRG still pursuing 80.1% acquisition of SMS Group, subject to audit, independent valuation, and uplist to NASDAQ/NYSE.

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