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AMK American Creek Resources Ltd

0.145
0.00 (0.00%)
26 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
American Creek Resources Ltd TSXV:AMK TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.145 0.145 0.155 0.15 0.145 0.15 31,000 21:10:13

American Creek Resources Closes Final Tranche of Private Placement

16/05/2013 2:00pm

Marketwired Canada


American Creek Resources Ltd. (TSX VENTURE:AMK) ("the Corporation") reports that
it has closed the final tranche of the previously announced non-brokered private
placement (the "Offering") (see news release dated March 25, 2013). In this
final tranche the Corporation raised proceeds totaling $208,625 by issuing
463,612 units ("Unit") at a purchase price of $0.45 per Unit. 


Each Unit consisted of eight common shares of the Corporation ("Common Share")
and eight non-transferable Common Share purchase warrants (a "Warrant"). Each
Warrant may be exercised for one additional Common Share at a price of $0.10 per
Common Share for a period of two years from the closing of the Offering. The
Warrants will be subject to an acceleration option which provides that, in the
event that the volume weighted average trading price of the Issuer's common
shares, for a period of 20 consecutive trading days, exceeds $0.16, the Company
may within five days after such an event provide notice to the Warrant holders
of early expiry and thereafter, the Warrants will expire on the date which is 15
days after the date of the notice to Warrant holders. 


The Common Shares and Warrants issued in this final tranche of the private
placement are subject to a hold period of 4 months and a day from issuance. 


No finder's fees were paid out with respect to the private placement. Proceeds
will be used to fund continuing litigation with Teuton Resources Corp., to
settle current debts, and for general operating purposes. 


This private placement closing has been approved 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. 


FOR FURTHER INFORMATION PLEASE CONTACT: 
American Creek Resources Ltd.
Darren Blaney
403 752-4040
info@americancreek.com
www.americancreek.com

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