American Resources’ EMCO Plans $3M-$20M Convertible Preferred Raise

Reuters03-13
American Resources’ EMCO Plans $3M-$20M Convertible Preferred Raise

Electrified Materials Corporation (EMCO), a wholly owned subsidiary of American Resources Corporation, may pursue a private capital raise of about $3 million to $20 million to support its expansion efforts. The financing is expected to be structured as convertible preferred stock, with mandatory conversion if EMCO’s securities become listed on a national securities exchange and EMCO becomes subject to periodic reporting requirements.

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