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MONTREAL, April 29, 2022 (GLOBE NEWSWIRE) -- AM Resources Corporation (“AM” or the “Corporation”) (TSXV: AMR) (Frankfurt: 76A) is pleased to announce the closing of a second tranche of its previously announced non-brokered private placement (the “Offering”). Pursuant to the Offering, the Corporation raised aggregate gross proceeds of $446,000, consisting of the issuance of 8,920,000 units of the Corporation (each, a “Unit”) at a price of $0.05 per Unit. Each Unit is comprised of one common share of the Corporation and one half of one warrant. Each full warrant entitles the holder to acquire one common share of the Corporation at a price of $0.075 for a period of 24 months from the date of issuance.