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Image of Treaty Creek’s
West Nunutak in the foreground and
Seabridge Gold’s KSM-Iron Cap in the background

TOTALLING $801,965.74 THROUGH THE ISSUANCE OF SHARES

 

 

                                                                                                                                                  For a PDF please click here   

February 22, 2011                                                                                                                TSX-V: AMK

 

Raymond, Alberta… American Creek Resources Ltd. (the “Corporation”) today announced that it intends to settle several outstanding debts to various creditors through the issuance of common shares.  The aggregate amount of debt to be settled is $801,965.74 with $391,197.15 of that amount being obligations to insiders of the Corporation.  A total of 13,366,093 shares will be issued at $0.06 should all creditors agree to the settlement terms.

All securities issued in this proposed settlement will be subject to a hold period of 4 months and a day from issuance.  The TSX Venture Exchange has conditionally approved this shares for debt arrangement.

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..  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.