Attached files
| file | filename |
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| EX-99.2 - PRESS RELEASE DATED MAY 13, 2020 - American Resources Corp | arec_ex992.htm |
| EX-99.1 - SETTLEMENT, RESCISSION, AND MUTUAL RELEASE AGREEMENT - American Resources Corp | arec_ex991.htm |
UNITED STATES
SECURITIES
AND EXCHANGE COMMISSION
WASHINGTON,
D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant
to Section 13 or 15(d) of the Securities Exchange Act of
1934
Date of
Report (Date of Earliest event Reported): May 8, 2020
AMERICAN RESOURCES CORPORATION
(Exact name of registrant as specified in its charter)
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Florida
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000-55456 | 46-3914127 |
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(State
or other jurisdiction of
incorporation)
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(Commission
File
Number)
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(I.R.S.
Employer Identification
No.)
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12115
Visionary Way, Suite 174, Fishers Indiana, 46038
(Address
of principal executive offices)
(317)
855-9926
(Registrant’s
telephone number, including area code)
________________________________________________
(Former
name or former address, if changed since last report)
Check
the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant
under any of the following provisions (See: General Instruction
A.2. below):
[
]
Written
communications pursuant to Rule 425 under the Securities Act (17
CFR 230.425)
[
]
Soliciting material
pursuant to Rule 14a-12 under the Exchange Act
(17CFR240.14a-12)
[
]
Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act
(17CFR240.14d-2(b))
[
]
Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act
(17CFR240.13e-4(c))
Item
2.01 Completion of Acquisition or Disposition of
Assets
On May
8, 2020, American Resources Corporation (or the
“Company”) entered into a Settlement, Rescission, and
Mutual Release Agreement with Empire Coal Holdings LLC and two
individuals, whereby the Company sold Empire Kentucky Land, Inc
(“Empire Kentucky Land”) back to its original owners
for the consideration of the return of Two Million (2,000,000)
Class A Common Shares of the Company held by the counterparties and
the complete extinguishment of a promissory note in the amount of
Two Million Dollars ($2,000,000.00) that was payable by the
Company. Empire Kentucky Land primarily owns mineral and surface
land around Phelps, Kentucky.
Item
8.01 Other Events
On May
13, 2020, American Resources Corporation (or the
“Company”) issued a press release announcing the
divestiture of the idle surface and mineral acres back to the
parties the assets were purchased from in February, 2019 given the
assets were outside of the Company’s strategic five-year
business plan.
The information presented in Item 8.01 of this Current Report on
Form 8-K and Exhibit 99.1 shall not be deemed to be
“filed” for purposes of Section 18 of the
Securities Exchange Act of 1934, as amended (the “Exchange
Act”), or otherwise subject to the liabilities of that
section, unless the Company specifically states that the
information is to be considered “filed” under the
Exchange Act or specifically incorporates it by reference into a
filing under the Securities Act of 1933, as amended, or the
Exchange Act.
A copy
of the press release is attached as Exhibit 99.2 hereto and is
incorporated herein by reference.
Item 9.01
Financial Statements and
Exhibits.
(d)
Exhibits
The
following exhibits are attached hereto and filed
herewith.
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ExhibitNo.
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Description
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Settlement,
Rescission, and Mutual Release Agreement
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Press Release Dated May 13,
2020
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SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf
by the undersigned hereunto duly authorized.
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American Resources
Corporation
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Date: May 14,
2019
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By:
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/s/ Mark C.
Jensen
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Mark C.
Jensen
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Chief Executive
Officer
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