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American Creek Resources Ltd

Publié le 14 avril 2016

AMERICAN CREEK RESOURCES NEGOTIATES TREATY CREEK NSR BUYDOWN

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Mots clés associés :   Canada | Cash | Junior |

AMERICAN CREEK RESOURCES NEGOTIATES TREATY CREEK NSR BUYDOWN

April 13, 2016 TSX-V: AMK

American Creek Resources Ltd.(TSX-V: AMK) ('the Corporation') is pleased to announce that it has successfully negotiated and has entered into an amended agreement with an arm's length third party that holds an NSR interest ('NSR Holders') related to the Corporation's 51% interest in the Treaty Creek property located in NW British Columbia. The amended agreement reduces the prior $6 million payment obligation which was potentially triggered by entering into a deal in which the Corporation reduced its 51% interest in the property, or granted access for development and tunnel construction.

The Corporation is seeing a resurgence of interest in the 'Golden Triangle' region of British Columbia and several parties have identified the Treaty Creek property as noteworthy and have expressed an interest in the project.

The amended agreement allows the Corporation to better position itself to take advantage of the increased activity and awareness associated with Seabridge Gold and Pretivm Resources advancing their respective projects located adjacent to and very near the Treaty Creek property.

The terms of the amended and restated agreement are as follows:

1) The NSR Holders will be issued 15,000,000 common shares of the Corporation.

2) The NSR Holders will hold a 2% NSR on certain Treaty Creek property mineral tenures ('Group I') and a 1% NSR on the remaining Treaty Creek mineral tenures ('Group II'). The NSR interests apply only to the Corporation's 51% interest in the Treaty Creek property. Within 30 days of a Treaty Creek property feasibility study being completed, the NSR Holders will be paid an aggregate sum of $1,500,000 in order for the Corporation to collectively buy out 0.75% of the Group I NSR and 0.25% of the Group II NSR. At any time the Corporation may buy out a further 0.75% of the Group I and 0.25% of the Group II NSR for the aggregate sum of $1,500,000. The NSR Holders will retain a 0.5% NSR on the Group I and Group II mineral tenures.

3) The NSR Holders will be entitled to 25% of any cash payments or securities the Corporation may receive related to the Corporation entering into an agreement with a third party to advance the Treaty Creek project such that it disposes directly or indirectly of any of its current 51% interest in the Treaty Creek property.

4) The Corporation will pay the NSR Holders 25% of any consideration the Corporation may receive from any non-governmental party for access, easement or right of way over, on, under or through any part of the Treaty Creek property for a mining infrastructure purpose, or fees for the use of the Corporation's own infrastructure facilities.

5) The Corporation will pay the NSR Holders 25% of any compensation proceeds the Corporation may receive from any governmental or quasi-governmental agency for the loss of any rights resulting from the expropriation of access, easement or right of way over, on, under or through any part of the Treaty Creek property for a mining infrastructure purpose.

Darren Blaney, President & CEO stated: 'We are very pleased to have negotiated and finalized this deal as it opens up many more possibilities in advancing the Treaty Creek Project. Interest in the region in and around Seabridge and Pretivm's projects is picking up considerably and the Treaty project is poised to benefit from that interest'.

The shares issued under this agreement will be subject to the statutory four month and a day hold period.

This Agreement 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.

For further information please contact Kelvin Burton at: Phone: 403 752-4040 or Email: [email protected] 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
Suivi et investissement
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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 32,1 millions CA$ (23,5 millions US$, 22,0 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.

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Financements de American Creek Resources Ltd
16/04/2015Closes First Tranche of Financing
24/03/2015Announces $480,000 Financing
25/03/2013Closes First Tranche of Private Placement
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
17/09/2012(Treaty Creek)Receives Notice From Seabridge Gold To Negotiate Access Righ...
18/07/2012(Tide)Sells Tide Property For $1.5 Million
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
08/07/2010(Electrum)Samples 694 g/t (20.24 oz/t) gold
12/01/2010(Treaty Creek)Treaty Creek discovery hole runs 241 metres of 0.80 g/t gold
20/08/2007(Tide)Commences exploration on Tide Project
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...
22/06/2016AMERICAN CREEK REPORTS THAT TUDOR GOLD CORP. HAS COMMENCED D...
15/06/2016AMERICAN CREEK CLOSES TWO JV TRANSACTIONS WITH TUDOR GOLD CO...
24/05/2016AMERICAN CREEK RESOURCES ISSUES INCENTIVE OPTIONS
12/05/2016AMERICAN CREEK’S JV PARTNER BEGINS TRADING ON TSX VENTURE EX...
04/05/2016AMERICAN CREEK RESOURCES MAKES SHARE PAYMENT TO AGORACOM FOR...
21/04/2016AMERICAN CREEK RESOURCES RECEIVES APPROVAL FOR TREATY CREEK ...
15/04/2016AMERICAN CREEK RESOURCES EXPANDS THE D1 - MCBRIDE PROPERTY I...
14/04/2016AMERICAN CREEK RESOURCES NEGOTIATES TREATY CREEK NSR BUYDOWN
04/01/2016American Creek Resources Provides Litigation Update
31/12/2015American Creek Resources Announces Changes to Board of Direc...
03/11/2015AMERICAN CREEK RESOURCES ANNOUNCES SHARES FOR DEBT ARRANGEME...
02/11/2015American Creek Resources Provides Electrum Drill Program Upd...
02/11/2015AMERICAN CREEK RESOURCES PROVIDES 2015 ELECTRUM DRILL PROGRA...
05/10/2015American Creek Commences Drill Program On Electrum Project
03/10/2015AMERICAN CREEK CLOSES FIRST TRANCHE OF FINANCING
02/10/2015American Creek Closes First Tranche of Financing
29/09/2015AMERICAN CREEK RESOURCES ANNOUNCES $150,000 FINANCING
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
23/04/2015American Creek Resources-Litigation Update
16/04/2015AMERICAN CREEK RESOURCES CLOSES FIRST TRANCHE OF FINANCING
03/04/2015AMERICAN CREEK RESOURCES – LITIGATION UPDATE
03/04/2015-Litigation Update
03/04/2015American Creek Resources-Litigation Update
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...
26/01/2015American Creek Commences Judgement Enforcement Against Teuto...
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
29/03/2011CLOSES OVERSUBSCRIBED PRIVATE PLACEMENT OFFERING RAISING $56...
01/03/2011ANNOUNCES $400,000 PRIVATE PLACEMENT OFFERING
01/03/2011CLOSES OVERSUBSCRIBED PRIVATE PLACEMENT OFFERING RAISING $86...
24/02/2011ANNOUNCES APPOINTMENT OF NEW DIRECTOR
07/04/2010B.C's Golden Triangle Update
02/03/2010Let's meet next week
14/01/2010Analyst James West Reports on American Creek
04/10/2007Has the Tide turned?
28/09/2007featured on Business Television September 29th and September...
29/08/2007Presentation on the Treaty Creek property and the Electrum p...
31/07/2007Commences Treaty Creek Exploration Program
03/05/2007 Kamloops Area projects
11/04/2007SIGNS EARN-IN AGREEMENT WITH TEUTON RESOURCES
27/03/2007Latest News Release from American Creek Resources Ltd.
14/03/2007Latest news release from American Creek Resources Ltd
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