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American Creek Resources Ltd

Publié le 26 janvier 2015

American Creek Commences Judgement Enforcement Against Teuton Resources Corp. – Litigation Update

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American Creek Commences Judgement Enforcement Against Teuton Resources Corp. – Litigation Update

American Creek Commences Judgement Enforcement Against Teuton Resources Corp. - Litigation Update

American Creek Resources Ltd. (TSX-V:AMK) (the "Corporation") wishes to provide a further update in the litigation with Teuton Resources Corp. (TSX-V:TUO) ("Teuton") over the Treaty Creek property, located in the "golden triangle" of northwest British Columbia.

COSTS JUDGMENT

On November 26, 2014 the British Columbia Supreme Court awarded the Corporation costs against Teuton in the amount of $621,712.  The Order for this judgment was entered January 19, 2015.  The Court also awarded "special costs" in an amount to be determined by the Registrar of the Court.

SEIZURE OF TEUTON'S ASSETS

The Corporation reports that pursuant to the Court Order Enforcement Act, it has had a Bailiff of the British Columbia Supreme Court seize all of the mineral tenures registered to Teuton at the Mineral Titles Branch in Vancouver, British Columbia.  These mineral tenures, together with any other assets seized by the Corporation, may be sold at auction to satisfy the Corporation's judgment against Teuton and any costs of the garnishing proceedings.

The Corporation has also garnisheed Teuton's bank account.  All funds realized from the seizure will be paid into court pending payment of the funds to the Corporation pursuant to the Act.

Teuton has notified the Corporation that on January 30, 2015 it will apply to the court for a stay of the enforcement.

SPECIAL COSTS HEARING

A hearing before the Registrar of the British Columbia Supreme Court to determine the amount of special costs owed by Teuton to the Corporation will be held March 31 and April 1, 2015.  The Corporation expects the amount awarded to be significant.  Assets of Teuton seized by the Corporation may be liquidated to satisfy the special costs judgment as well.

APPEAL HEARING

As previously reported, the Corporation was successful at trial in the litigation with Teuton over the Treaty Creek property and was awarded a 51% interest in the property.  Teuton has appealed the Court's decision.  The British Columbia Court of Appeal will hear the appeal on March 9-11, 2015.  The Corporation expects to prevail at the Court of Appeal.

As also previously reported, Holmes & King, Teuton's third law firm in this matter, has withdrawn as Teuton's legal counsel.  As far as is known to the Corporation, Teuton does not presently have legal counsel representing it in the appeal.

The Corporation will continue to provide litigation updates as this matter progresses.

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.

For further information please contact Darren Blaney at: Phone: 403 752-4040 or Email: This email address is being protected from spambots. You need JavaScript enabled to view it..">This email address is being protected from spambots. You need JavaScript enabled to view it. . 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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Données et statistiques pour les pays mentionnés : Canada | Tous
Cours de l'or et de l'argent pour les pays mentionnés : Canada | Tous

American Creek Resources Ltd

EXPLORATEUR
CODE : AMK.V
ISIN : CA0252881010
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American Creek est une société d’exploration minière d'argent et d'or basée au Canada.

American Creek détient divers projets d'exploration au Canada.

Ses principaux projets en exploration sont ELECTRUM, TIDE, IRONMIST et TREATY CREEK au Canada.

American Creek est cotée au Canada. Sa capitalisation boursière aujourd'hui est 20,7 millions CA$ (15,6 millions US$, 14,2 millions €).

La valeur de son action a atteint son plus haut niveau récent le 31 décembre 2007 à 2,61 CA$, et son plus bas niveau récent le 04 janvier 2019 à 0,03 CA$.

American Creek possède 229 530 000 actions en circulation.

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Financements de American Creek Resources Ltd
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24/03/2015Announces $480,000 Financing
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Attributions d'options de American Creek Resources Ltd
10/05/2007announces appointment of officer and grant of stock options
Projets de American Creek Resources Ltd
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07/05/2012ANNOUNCES THAT SETTLEMENT OFFER MADE TO TEUTON RESOURCES COR...
01/03/2012RESPONDS TO TEUTON RESOURCE CORP. NEWS RELEASE
24/02/2012REPORTS THAT TEUTON RESOURCES CORP HAS BACKED OUT OF DISCOVE...
09/01/2012(Treaty Creek)Announces Results From Magnetotelluric Survey on its Treaty ...
27/06/2011(Ironmist)Announces Exploration Programs on the Electrum and Ironmist ...
30/05/2011(Treaty Creek)Authorizes Seabridge Gold to Conduct Geophysical Survey on ...
28/04/2011Quanto Research initiates coverage on American Creek Resourc...
25/03/2011(Electrum)RECEIVES DRILL PERMIT FOR ELECTRUM PROJECT
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06/06/2007(Electrum)Commences 2007 Electrum Project Drill Program
Communiqués de Presse de American Creek Resources Ltd
14/07/2016AMERICAN CREEK RESOURCES ANNOUNCES $300,000 FINANCING
29/06/2016AMERICAN CREEK RESOURCES COMMENCES GOLD HILL PROPERTY EXPLOR...
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24/05/2016AMERICAN CREEK RESOURCES ISSUES INCENTIVE OPTIONS
12/05/2016AMERICAN CREEK’S JV PARTNER BEGINS TRADING ON TSX VENTURE EX...
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21/04/2016AMERICAN CREEK RESOURCES RECEIVES APPROVAL FOR TREATY CREEK ...
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03/10/2015AMERICAN CREEK CLOSES FIRST TRANCHE OF FINANCING
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10/09/2015American Creek Resources Corporate Update
29/06/2015American Creek Resources-Litigation Update
29/06/2015AMERICAN CREEK RESOURCES – LITIGATION UPDATE
23/04/2015-Litigation Update
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16/04/2015AMERICAN CREEK RESOURCES CLOSES FIRST TRANCHE OF FINANCING
03/04/2015AMERICAN CREEK RESOURCES – LITIGATION UPDATE
03/04/2015-Litigation Update
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24/03/2015AMERICAN CREEK RESOURCES ANNOUNCES $480,000 FINANCING
10/03/2015AMERICAN CREEK RESOURCES – TEUTON RESOURCES - TREATY CREEK L...
10/03/2015American Creek Resources-Teuton Resources-Treaty Creek Litig...
09/03/2015AMERICAN CREEK RESOURCES ACQUIRES GOLD HILL AND D1-MCBRIDE P...
02/02/2015American Creek Litigation Update-Teuton Resources Corp. Deni...
26/01/2015American Creek Commences Judgement Enforcement Against Teuto...
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12/01/2015AMERICAN CREEK PROVIDES UPDATE ON TEUTON RESOURCES CORP. – T...
09/01/2015American Creek Provides Update on Teuton Resources Corp.-Tre...
24/12/2014American Creek Provides Further Update-Treaty Creek-Teuton R...
22/12/2014American Creek Provides Treaty Creek - Teuton Resources Corp...
02/12/2014American Creek Resources Closes $466,600 Financing
27/11/2014American Creek Resources Receives Favorable Judgement Regard...
17/10/2014AMERICAN CREEK RESOURCES ANNOUNCES $600,000 FINANCING
08/10/2014American Creek Resources Provides Corporate Update
09/05/2014American Creek Resources Obtains Title to Treaty Creek Prope...
15/04/2014IIROC Trading Resumption - AMK
15/04/2014American Creek Resources Prevails Over Teuton Resources in T...
15/04/2014IIROC Trading Halt - AMK
23/04/2013(Treaty Creek)Reports That the Trial With Teuton Resources Corp. Over the ...
15/10/2012TO BEGIN NEGOTIATING ACCESS RIGHTS
20/09/2012Lawrence Roulston highlights American Creek in Golden Triang...
28/04/2012MAKES SETTLEMENT OFFER TO TEUTON RESOURCES CORP.
21/03/2012CLOSES OVER-SUBSCRIBED PRIVATE PLACEMENT OFFERING
01/02/2012PROVIDES LITIGATION UPDATE
24/01/2012reports on Annual General Meeting of Shareholders
15/07/2011Continues to Increase its Market Exposure
04/05/2011stock breaks 52 week high
13/04/2011Corporate Update
31/03/2011Vantagewire issues Bottom Line Report on American Creek
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27/03/2007Latest News Release from American Creek Resources Ltd.
14/03/2007Latest news release from American Creek Resources Ltd
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