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AREC - American Resources raises $30.1M at-the-market offering
American Resources Corporation
American Resources Corporation ([[AREC]] -2.1%) has priced at-the-market direct offering of 8.6M common stock and 4,.3M warrants to purchase up to 4.3M common stock, for gross proceeds of ~$30.1M. The 5 years warrants will be exercisable immediately upon the date of issuance at $3.50 per share.