| American Creek Commences Judgement Enforcement Against Teuton Resources Corp.-Litigation Update | |
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CARDSTON, ALBERTA--(Marketwired - Jan 26, 2015) - American Creek Resources Ltd. (TSX VENTURE:AMK) (the "Corporation") wishes to provide a further update in the litigation with Teuton Resources Corp. ("Teuton") over the Treaty Creek property, located in the "golden triangle" of northwest British Columbia. 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 As also previously reported, Holmes & King, Teuton's third law firm in this matter, has withdrawn as Teuton's legal counsel.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. 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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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 33,3 millions CA$ (24,4 millions US$, 22,8 millions €). La valeur de son action a atteint son plus haut niveau récent le 31 décembre 2007 à 2,61 CA$, et son plus bas niveau récent le 31 mai 2019 à 0,03 CA$. American Creek possède 229 530 000 actions en circulation. |