AM Resources Corp. announced a private placement of 3,000 convertible debenture units at a price of CAD 1,000 per unit for gross proceeds of up to CAD 3,000,000 on September 24, 2021. Each convertible debenture unit will be comprised of CAD 1,000 principal amount unsecured convertible debenture and 10,000 common share purchase warrants. The debentures will mature on the date that is 36 months from the date of issuance and shall bear interest at a simple rate of 10% per annum payable on the maturity date. The principal amount of the debentures, or any portion thereof, may be converted at the election of the holder thereof into common shares at a conversion price of CAD 0.10 per share at any time prior to the maturity date. Each warrant will entitle the holder thereof to acquire one common share at a price of CAD 0.15 per share for a period of 36 months from the closing date. The company may pay finder fees in connection with the transaction. The convertible debenture units, debentures, warrants, and any securities issuable upon conversion or exercise thereof, will be subject to a statutory hold period of four months and one day from the date of issuance. The transaction is subject to approval by the TSX Venture Exchange.