TORONTO, Feb. 13, 2014 /CNW/ - AMERICAN RESOURCE CORPORATION LIMITED (the "Company") today announced that Canadian Express (International) Limited (the "Purchaser") has completed its compulsory acquisition of all of the outstanding Class A Non-voting shares (the "Shares") of the Company, at a price of US$0.6134 in cash per Share, pursuant to the notice of compulsory acquisition made under Bermuda corporate law, and now owns 100% of the Shares and the voting shares of the Company.
In addition, the Company announced today that it will apply to the relevant securities commissions to cease to be a reporting issuer in all applicable jurisdictions.
SOURCE: American Resource Corporation Limited
For further information:
Gregory N. McConnie
President and Managing Director
American Resource Corporation Limited
Tel. (246) 467-9206