MONTREAL, May 14, 2018 /CNW/ - AM Resources Corp. (formerly NQ Exploration Inc.) (the "Corporation") (TSX VENTURE: NQE) is pleased to announce that effective Tuesday, May 15, 2018 at the opening of trading, the Corporation will resume trading under the new symbol "AMR" on the TSX Venture Exchange ("TSXV"). As a result of completing the reverse take-over transaction (the "RTO") with AM Resources SAS and meeting the necessary listing requirements of the TSXV as a Tier 2 Mining Issuer.
"This represents the last milestone of our strategic reorganization undertaken last year," stated David Grondin, President and Chief Executive Officer of AM. "While it took longer than anticipated, completing the RTO allows us to focus on developing our Colombian asset while evaluating new investments and business opportunities."
Mr. Grondin continued, "I also want to sincerely thank our securityholders for their patience and support throughout this challenging process."
The Corporation's capital structure consists of 53,132,883 common shares, 158,244 common share purchase warrants and 1,650,000 stock options outstanding. Certificates and/or letters of transmittal for the common shares of the Corporation (now AM Resources Corp.) issued in connection with the RTO are being processed and being mailed out to applicable shareholders of the Corporation.
Shareholders who still hold Certificates and/or letters of transmittal for the common shares of the Corporation in the name of NQ Exploration Inc. are reminded to submit them to the Corporation transfer agent, AST Trust Company (Canada), together with a duly completed letter of transmittal. For assistance please contact AST at: Toll Free: 1-800-387-0825, or E-Mail: inquiries@astfinancial.com.
Full details concerning the RTO and descriptions of the new board of directors and management of the Corporation are included in the information circular of the Corporation dated November 22, 2017 and the Corporation press release dated April 12, 2018, copies which are available for review on SEDAR.
ABOUT AM RESOURCES CORP.
AM Resources Corp. is a mining exploration Corporation with interests in coal and galsonite projects in Colombia. AM is betting on Colombia's excellent mineral potential and favourable climate to pursue its new 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.
SOURCE AM Resources Corp.
