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    SEC Form SC 13D filed by American Resources Corporation

    8/28/23 6:09:48 AM ET
    $AREC
    Coal Mining
    Energy
    Get the next $AREC alert in real time by email
    SC 13D 1 mgic_sc13d.htm SC 13D mgic_sc13d.htm

     

      

    UNITED STATES

    SECURITIES AND EXCHANGE COMMISSION

    Washington, D.C. 20549

     

    SCHEDULE 13D

     

    Under the Securities Exchange Act of 1934

    (Amendment No. ________)*

     

    American Resources Corporation

    (Name of Issuer)

     

    Class A Common Stock, par value $0.0001

    (Title of Class of Securities)

     

    0001590715

    (CUSIP Number)

     

    Mark Jensen, Manager Midwest General Investment Company LLC 12115 Visionary Way, Suite 174, Fishers, IN 46038 917-685-2547

    (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

     

    August 15, 2023

    (Date of Event which Requires Filing of this Statement)

     

    If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of Sections 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box. ☐

     

    Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See Section 240.13d-7 for other parties to whom copies are to be sent.

     

    * The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.

     

    The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

     

     

     

     

    CUSIP No. 0001590715

    13D

    Page 2 of 4 Pages

     

    1

    NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

     

    Midwest General Investment Company LLC   93-2606811

     

     

    2

    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (see instructions)

     

     

     

    (a) ☐

     

     

     

    (b) ☐

     

     

     

     

     

     

    3

    SEC USE ONLY

     

     

     

     

     

     

     

     

     

     

    4

    SOURCE OF FUNDS* (see instructions)

     

     

     

    OO

     

     

     

     

     

     

    5

    CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)

     

     

     

    ☐

     

     

     

     

     

     

    6

    CITIZENSHIP OR PLACE OF ORGANIZATION

     

     

     

    United States

     

     

                                                           

     

    7

    SOLE VOTING POWER

    NUMBER OF

    SHARES

    BENEFICIALLY

    OWNED BY

    EACH

    REPORTING

    PERSON

    WITH:

     

    4,429,501

     

     

    8

    SHARED VOTING POWER

     

    0

     

     

    9

    SOLE DISPOSITIVE POWER

     

    4,429,501

     

     

    10

    SHARED DISPOSITIVE POWER

     

    0

     

     

     

    11

    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

     

     

    4,429,501

     

     

     

     

     

    12

    CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* (see instructions)

     

    ☐

     

     

     

     

     

     

    13

    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

     

     

     

    5.7%

     

     

     

     

     

     

    14

    TYPE OF REPORTING PERSON* (see instructions)

     

     

     

    IV

     

     

     

     

     

     

     

    Limited Liability Company - OO

     

     

     

     
    2

     

     

    CUSIP No. 0001590715

    13D

    Page 3 of 4 Pages

     

    Item 1. Security and Issuer.

     

     

     

    This statement on Schedule 13D (the “Schedule 13D”) relates to the Class A Common Stock, $0.0001 par value per share (the “Common Stock”), of American Resources Corporation (the “Issuer”).  The address of the principal offices of the Issuer is 12115 Visionary Way, Suite 174, Fishers, IN 46038

     

     

     

     

    Item 2. Identity and Background.

     

     

     

     

     

    (a)

     - (c) This Schedule 13D is being filed by Midwest General Investment Company LLC, an Indiana limited liability company that owns 5.7% of the existing issued and outstanding common shares of the Issuer.

     

     

     

     

    (d)

      The Reporting Person has not, during the last five years, been convicted in a criminal proceeding.

     

     

     

     

    (e)

      The Reporting Person has not, during the last five years, been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is subject to a judgment, decree, or final order enjoining future violations of, or prohibiting or mandating activities subject to, Federal or state securities laws or finding any violation with respect to such laws.

     

     

     

     

    (f)

      The Reporting Person is domiciled in the United States of America

     

     

     

     

    Item 3. Source and Amount of Funds or Other Consideration.

     

     

    Represents shares gifted in an exempt transaction under Rule 16b-5 by Thomas Sauve for no consideration to Midwest General Investment Company LLC, which is wholly owned by a family trust of which Mr. Sauve and his sibling are beneficiaries.

     

     

     

     

    Item 4. Purpose of Transaction.

     

     

     

     

     

    The Reporting Persons acquired the shares of Common Stock reported herein as beneficially owned by the Reporting Persons solely for investment purposes.

     

     

     

     

    Item 5. Interest in Securities of the Issuer.

     

     

     

     

     

     

    (a)

     – (c)  As of the date hereof, the Reporting Person may be deemed to be the beneficial owner of 4,429,501 shares of Common Stock, constituting 5.7% of the Common Stock outstanding as of August 14, 2023.

     

    Midwest General Investment Company LLC has the sole power to vote or direct the vote of 4,429,501 shares of Common Stock.

     

     

     

     

    Item 6. Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer.

     

    The Reporting Person does not have any contract, arrangement, understanding or relationship with any person with respect to the Common Stock.

     

     

     

     

    Item 7. Material to be Filed as Exhibits.

     

     

     

    None.

     

     

     

     
    3

     

     

     

    CUSIP No. 0001590715

    13D

    Page 4 of 4 Pages

     

    SIGNATURE

     

                    After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

     

     

     

    /s/ Mark C. Jensen

     

     

     

    (Name)

     

     

     

     

     

     

     

    Manager

     

     

     

    (Title)

     

     

     

     

     

     

     

    August 25, 2023

     

     

     

    (Date)

     

     

     
    4

     

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