OTC/PINK Breaking Material Events

[Quintessence]

AREC($8.00) S-1/A, Def 14C. A couple highlights:

From the S-1/A: Currently our stock is listed on the OTC Markets OTCQB tier under the ticker “AREC”. We have applied for a listing on the NASDAQ Capital Market under the symbol “AREC”.

https://www.otcmarkets.com/filing/html?id=13102702&guid=r-ebUKy8w8SWvth

From the 14C: The enclosed Information Statement is being furnished to the holders of record of shares of the common stock (the “Common Stock”) of American Resources Corporation, a Florida corporation (the “Company” or “ARC”), as of the close of business on the record date, October 31, 2018. The purpose of the Information Statement is to notify our shareholders that on November 8, 2018, the Company received a written consent in lieu of a meeting of shareholders (the “Written Consent”) from the shareholders holding a majority of the common shares voting rights of the Company, Mark C. Jensen, Thomas M. Sauve, and Kirk P. Taylor, the holder of a combined 21,081,200 votes of our common stock representing 62.43% of the voting rights of the issued and outstanding shares of our common stock. The Written Consent adopted resolutions and approved the following:

1. To amend the Articles of Incorporation to reduce the number of “blank check” preferred stock to Thirty Million (30,000,000) shares.

2. To amend the Articles of Incorporation to eliminate the Twenty Million (20,000,000) authorized “Series B Preferred Stock” and designate as “blank check” preferred stock. This was done as because the company closed its Series B Preferred stock capital raise.

3. To amend the Articles of Incorporation to designate Twenty Million (20,000,000) shares of “blank check” preferred stock as a newly-created “Series C Preferred Stock”. This was done to plan for a potential private placement of restricted securities, although no commitments have been made.

4. To amend the Articles of Incorporation to revise the designations of the existing Five Million (5,000,000) shares of “Series A Preferred Stock”. The amendment of the Series A Preferred Stock was done as part of the consideration for the Series A Preferred Stock holders converting ninety percent of their holdings into Class A Common stock.

You are urged to read the Information Statement in its entirety for a description of the actions taken by the majority of shareholders of the Company. The resolutions will become effective ten calendar days after this Information Statement is first mailed to our shareholders. A copy of the proposed Amendment to the Articles of Incorporation is attached as an exhibit to the Information Statement.

https://www.otcmarkets.com/filing/html?id=13102636&guid=r-ebUKy8w8SWvth