BRIEF-American Resources' American Metals LLC Executes Business Combination With Nasdaq Listed AI Transportation Acquisition

Reuters07-01

July 1 (Reuters) - AI Transportation Acquisition Corp

* AMERICAN RESOURCES CORPORATION’S AMERICAN METALS LLC EXECUTES BUSINESS COMBINATION WITH NASDAQ LISTED AI TRANSPORTATION ACQUISITION CORP

* AMERICAN RESOURCES CORP: PROPOSED TRANSACTION REPRESENTS A TOTAL EQUITY VALUE OF USD 170 MILLION FOR COMBINED COMPANY ON A PRO FORMA BASIS

* AMERICAN RESOURCES CORP: UNDER DEAL, EACH OF AITR &AMERICAN METALS WILL BECOME WHOLLY-OWNED SUBSIDIARIES OF ELECTRIFIED MATERIALS CORPORATION

* AMERICAN RESOURCES CORP: COMBINED COMPANY WILL BE LISTED ON NASDAQ STOCK MARKET UNDER TICKER SYMBOL "EMCO"

Source text for Eikon: Further company coverage:

((Reuters.Briefs@thomsonreuters.com;))

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