American resources corporation reduces debt by over $9 million

Company's largest convertible debt holder becomes the largest equity holder with conversion of debt fishers, in / accesswire / february 6, 2023 / american resources corporation (nasdaq:arec) ("american resources" or the "company"), a next generation and socially responsible supplier of rare earth and critical elements, carbon and advanced carbon materials, announces that its final convertible debt holder, golden properties ltd. has elected to convert all of their senior convertible debentures due march 31, 2023 to shares of class a common stock of the company in a move that reduces the debt of the company by over $9 million and eliminate the last of the company's convertible debt.
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