MONTREAL, March 12, 2021 /CNW/ - AM Resources
Corporation ("AM" or the "Corporation") (TSXV:
AMR) (Frankfurt: 76A) is pleased
to announce that it has settled its previously announced debt
settlement in an aggregate amount of $1,138,631 by issuing an aggregate of 18,460,184
Shares to an arm's length creditor.
Grant of Options
The Corporation is also pleased to announce that it has granted
a total of 4,050,000 incentive stock options to directors, officers
and consultants under the AM's stock option plan (the
"Plan").The Options, subject to the terms of the Plan and
the corresponding option agreement, are exercisable at a price of
CAD $0.06 per share for a period of
up to five years expiring on March 12,
2026.
ABOUT AM RESOURCES CORP.
AM Resources Corp. is a mining exploration Corporation with
interests in coal and natural bitumen projects in Colombia. AM is betting on Colombia's excellent mineral potential and
favourable climate to pursue its Colombian venture.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Forward Looking Statements
This news release contains forward-looking statements.
Forward-looking statements involve known and unknown risks,
uncertainties and other factors which may cause the actual results,
performance or achievements of AM to be materially different from
any future results, performance or achievements expressed or
implied by the forward-looking statements. Often, but not always,
forward-looking statements can be identified by the use of words
such as "plans", "expects" or "does not expect", "is expected",
"estimates", "intends", "anticipates" or "does not anticipate", or
"believes", or variations of such words and phrases or state that
certain actions, events or results "may", "could", "would", "might"
or "will" be taken, occur or be achieved. Accordingly, readers
should not place undue reliance on the forward-looking statements
and information contained in this press release. Since
forward-looking statements and information address future events
and conditions, by their very nature they involve inherent risks
and uncertainties.
Actual results could differ materially from those currently
anticipated due to a number of factors and risks. Readers are
cautioned that the foregoing list of factors is not exhaustive. The
forward-looking statements contained in this news release are made
as of the date of this release and, accordingly, are subject to
change after such date.
AM does not assume any obligation to update or revise any
forward-looking statements, whether written or oral, that may be
made from time to time by us or on our behalf, except as required
by applicable law.
SOURCE AM Resources Corp.