American Creek Resources Announces $480,000 Financing

Press Releases |

CARDSTON, ALBERTA--(March 24, 2015) - American Creek Resources Ltd. ($AMK:CA) (the "Corporation") today announced that it will be offering on a non-brokered private placement basis ("the Offering") up to 8,000,000 units ("Units") at a price of $0.06 per Unit for gross proceeds of $480,000 if the Offering is fully subscribed. Each Unit will consist 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 $0.08 per share if exercised in the first 12 months and $0.10 per share if exercised in the remaining 12 month period, provided that the Warrants will expire if not exercised within 15 business days from receipt by the holder of written notice that the trading price of the Common Shares has exceeded $0.12 for 10 consecutive trading days.

Units will be offered to qualified purchasers in reliance upon exemptions from prospectus and registration requirements of applicable securities legislation.

The Corporation also takes this opportunity to inform its current shareholder base that under recent changes to Canadian securities exemptions (Multilateral CSA Notice 45-313), existing shareholders of American Creek who may not have been eligible to participate in past private placements may be able to invest up to $15,000 in this Offering.

Proceeds will be used to settle current debts, to fund continuing litigation with Teuton Resources Corp. and for general operating purposes. A finder's fee of 7% may be paid related to this offering. Insiders may participate in this Offering.

The Corporation also intends to settle a debt to a creditor of the Corporation in the amount of $120,000 by issuing the creditor 2,000,000 of the above-described Units. The Creditor is a non-insider of the Corporation.

All securities are subject to a hold period of four months plus a day from issuance.

This private placement and the shares for debt arrangement are 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

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.

Contact Information

American Creek Resources Ltd.
Darren Blaney
403 752-4040

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to:


Emerging Growth

Reliq Health Technologies Inc.

Moseda Technologies Inc provides mobile and IT cloud computing to increase operational efficiency and security. It develops SmartFleet, a solution designed for commercial use, as well as SmartCare, a mHealth…

Private Markets

Initial State

Initial State is an Internet of Things (IoT) data analytics & data management platform company. We turn sensor and event data into information that matters by making it easy to…


Spotify is a online music service offering providing digital content from a range of record labels and artists. Users can browse through the interface by artist, album, genre, playlist, record…