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AM Resources resumes trading on TSX-V after restructuring

AM Resources Corp. said May 14 that it will resume trading on the TSX Venture Exchange, effective May 15, after completing a restructuring and meeting the necessary listing requirements as a tier 2 mining issuer.

AM Resources, formerly known as NQ Exploration Inc., announced in July 2017 that it intended to become a coal-focused company via a reverse takeover with Colombia-based AM Resources SAS and spinning out its Quebec-based resource properties.

The reverse takeover was finalized in April, while the spinout was completed in December 2017.

"While it took longer than anticipated, completing the [reverse takeover] allows us to focus on developing our Colombian asset while evaluating new investments and business opportunities," AM Resources President and CEO David Grondin said.