American Resource Corporation Limited announces completion of compulsory acquisition - KNOE 8 News; KNOE-TV; KNOE.com |

American Resource Corporation Limited announces completion of compulsory acquisition

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SOURCE American Resource Corporation Limited

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.

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