other material
confidence high
sentiment neutral
materiality 0.25
American Resources subsidiary EMCO may raise $3-20M in convertible preferred stock
American Resources Corp
- EMCO may issue $3-20M of convertible preferred shares in a private placement.
- Shares mandatorily convertible if EMCO lists on national exchange and becomes SEC reporting company.
- Proceeds intended to support EMCO's expansion efforts.
- No definitive terms have been agreed; disclosure is preliminary.