AM Resources Corp. announced that it expects to receive CAD 2 million in funding
On the same date, the company has issued 17,390,000 units for gross proceeds of CAD 869,500 in its first tranche. The company paid finders' fees of CAD 18,000 in cash and issued 36,000 warrants, with each warrant entitling the holder to acquire one common share at a price of CAD 0.075 over a period of 24 months from the closing. All securities issued pursuant to this offering are subject to a four month and one day hold period, ending on August 7, 2022, in accordance with applicable Canadian securities legislation.