American Resource Corporation Limited

June 20, 2008 20:25 ET

American Resource Corporation Limited Announces Full Revocation of Cease Trade Orders

TORONTO, ONTARIO--(Marketwire - June 20, 2008) - AMERICAN RESOURCE CORPORATION LIMITED (the "Company") today announced that the cease trade orders imposed by the Ontario Securities Commission (the "OSC"), the British Columbia Securities Commission (the "BCSC"), the Alberta Securities Commission (the "ASC") and the Autorite des marches financiers (the "AMF") concerning the Company's securities have been fully revoked by orders dated June 18, 2008 in the case of the OSC, the BCSC and the AMF, and June 20, 2008 in the case of the ASC. The Company is a reporting issuer in the provinces of Ontario, British Columbia, Alberta, Saskatchewan and Quebec. The securities of the Company are no longer subject to any cease trade orders.

The Company is an international finance company that carries out merchant financing activities and seeks to invest cash flow generated from these activities in high yielding opportunities. The Company's principal investment is a 9.6% interest in the outstanding common shares of Imagine Group Holdings Ltd., a globally diversified, specialty insurance holding company incorporated in Bermuda that provides reinsurance and insurance products and advisory services tailored to the needs of its clients' business and risk management strategies. For additional information concerning the Company and its investment strategy and outlook, please refer to the Company's 2007 Annual Report, available at www.sedar.com.

Contact Information

  • American Resource Corporation Limited
    Michael P. Daly
    President and Managing Director
    (441) 296-4480