UNITED STATES
SECURITIES
AND EXCHANGE COMMISSION
WASHINGTON, D.C.
20549
FORM 8-K
CURRENT
REPORT
Pursuant to Section
13 or 15(d) of the Securities Exchange Act of 1934
Date of
Report (Date of Earliest event Reported): April 21,
2018
AMERICAN
RESOURCES CORPORATION
(Exact name of registrant as specified in its charter)
|
Florida
(State
or other jurisdiction
of
incorporation)
|
000-55456
(Commission
File
Number)
|
46-3914127
(I.R.S.
Employer
Identification
No.)
|
9002
Technology Lane, Fishers Indiana, 46038
(Address
of principal executive offices)
(606)
637-3740
(Registrant’s
telephone number, including area code)
________________________________________________
(Former
name or former address, if changed since last report)
Check
the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant
under any of the following provisions (See: General Instruction
A.2. below):
[
]
Written
communications pursuant to Rule 425 under the Securities Act (17
CFR 230.425)
[
]
Soliciting material
pursuant to Rule 14a-12 under the Exchange Act
(17CFR240.14a-12)
[
]
Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act
(17CFR240.14d-2(b))
[
]
Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act
(17CFR240.13e-4(c))
Item
1.01
Entry into a Material Definitive
Agreement.
On
April 21, 2018, American Resources Corporation’s wholly-owned
subsidiary, McCoy Elkhorn Coal LLC (McCoy Elkhorn), entered into a
sublease agreement with Colonial Coal Company, Inc. (Colonial)
whereby McCoy Elkhorn subleased certain surface rights and coal
from Colonial located at Point Rock, near Phelps, Kentucky (the
Sublease). The Sublease requires McCoy Elkhorn to pay Colonial a
royalty for coal extracted from the premises, along with an
additional overriding royalty payment due to Colonial.
Concurrently,
McCoy Elkhorn entered into an Interim Operating Agreement with
Empire Coal Processing, LLC whereby McCoy Elkhorn, or an affiliate,
will be named as operator of the two permits pertaining to the
Sublease while the permits are being transferred to McCoy Elkhorn
(the PointRock Permits). Additionally, McCoy Elkhorn will assume
the reclamation liability of the PointRock Permits.
The
consideration for the transaction was the assumption of the
reclamation liabilities of the PointRock Permits, the performance
of the Sublease, the performance of the Interim Operating
Agreement, and the assumption of certain specific liabilities of
the immediately prior operator of the PointRock
Permits.
Item 9.01
Financial Statements and
Exhibits.
(d)
Exhibits
The
following exhibits are attached hereto and filed
herewith.
|
Exhibit No.
|
|
Description
|
|
|
|
Sublease
Agreement Between Colonial Coal Company, Inc. and
McCoy Elkhorn Coal LLC
|
|
|
|
Interim
Operating Agreement
|
|
|
|
Termination
of Purchase Order between Red Jacket Mining, LLC and McCoy Elkhorn
Coal LLC
|
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf
by the undersigned hereunto duly authorized.
|
|
American Resources
Corporation
|
|
|
|
|
|
|
|
Date: May 1,
2018
|
By:
|
/s/
Mark C.
Jensen
|
|
|
|
|
Mark C.
Jensen
|
|
|
|
|
Chief
Executive Officer
|
|
