| American Creek Resources Closes $466,600 Financing | |
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CARDSTON, ALBERTA--(Marketwired - Dec 1, 2014) - American Creek Resources Ltd.(TSX VENTURE:AMK) ("American Creek" or "the Corporation") today announced that has closed the non-brokered private placement that was announced on October 17, 2014. The Corporation raised proceeds of $466,600 by issuing 9,332,000 units at a purchase price of $0.05 per unit. The offering was not fully subscribed. Each unit consists of one common share of the Corporation ("Common Share") and one non-transferrable Common Share purchase warrant ("Warrant"). Each Warrant may be exercised for one additional Common Share for a period of 24 months from the closing date of the Offering at a price of $0.10 if exercised in the first 12 months and $0.15 thereafter if exercised in the remaining 12 month period. The Common Shares and Warrants issued in this offering are subject to a hold period of four months and a day from issuance. One participant purchased 200,000 units in the offering under Alberta Securities Commission Rule 45-513 Prospectus Exemption for Distribution to Existing Security Holders. No finder's fees were paid out with respect to this private placement. Proceeds will be used to settle current debts, to fund continuing litigation with Teuton Resources Corp. and for general operating purposes. Insiders bought 400,000 units of the offering. This private placement closing is subject to approval by the TSX Venture Exchange. American Creek Resources Ltd. is a Canadian junior mineral exploration company focused on the acquisition, exploration and development of mineral deposits within the Province of British Columbia, Canada. Information relating to the Corporation is available on its website at www.americancreek.com. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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American Creek Resources Ltd
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EXPLORATION STAGE |
CODE : AMK.V |
ISIN : CA0252881010 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
American Creek is a silver and gold exploration company based in Canada. American Creek holds various exploration projects in Canada. Its main exploration properties are ELECTRUM, TIDE, IRONMIST and TREATY CREEK in Canada. American Creek is listed in Canada. Its market capitalisation is CA$ 33.3 millions as of today (US$ 24.2 millions, € 22.7 millions). Its stock quote reached its highest recent level on December 31, 2007 at CA$ 2.61, and its lowest recent point on May 31, 2019 at CA$ 0.03. American Creek has 229 530 000 shares outstanding. |