MONTREAL, May 16, 2022
/CNW/ - AM Resources Corporation ("AM" or the
"Corporation") (TSXV: AMR) (Frankfurt: 76A) is providing an update to its
previously disclosed management cease trade order ("MCTO"),
announced on April 29, 2022, in
respect of the audited annual financial statements and
corresponding management's discussion and analysis for the year
ended December 31, 2021, including
the CEO and CFO certifications (collectively, the "Annual
Financial Documents") that were not filed by the required
filing deadline of April 30, 2022
(the "Filing Deadline").
As previously disclosed, the Annual Financial Documents were not
filed on or before the Filing Deadline due to the delay in the
completion of the audit of the Corporation's financial statements
before the Filing Deadline. The Corporation is working on the steps
required to complete the Annual Financial Filings and expects to be
able to file the Annual Financial Documents by May 27, 2022. The Corporation will provide
updates as further information relating to the Annual Financial
Documents becomes available.
The MCTO will be in effect until the Annual Financial Documents
are filed.
Until the Annual Financial Documents are filed, the Corporation
intends to issue bi-weekly default status reports in accordance
with National Policy 12-203 – Management Cease Trade
Orders. The Corporation intends to satisfy the provisions of
the Alternative Information Guidelines during the period it remains
in default of the filing requirements. The Corporation confirms
that there is no other material information relating to its affairs
that has not been generally disclosed.
About AM Resources
AM Resources Corporation (TSXV: AMR) is a mining exploration
company with interests in coal and natural bitumen projects in
Colombia. AM is betting on
Colombia's excellent mineral
potential and favourable climate to pursue its Colombian
venture.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
SOURCE AM Resources Corp.
