American Clean Resources Group Inc. has announced the issuance of 1,644,906 shares of its common stock to Granite Peak Resources, LLC in connection with the conversion of approximately $1.73 million of outstanding indebtedness under the company's line of credit. The implied conversion price was about $1.05 per share. This transaction was completed as a private placement and is exempt from registration under the Securities Act of 1933, as Granite Peak Resources is an accredited investor. Following this transaction, Granite Peak Resources beneficially owns 82.2% of the company’s outstanding common stock.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. American Clean Resources Group Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001213900-26-002127), on January 07, 2026, and is solely responsible for the information contained therein.