Raymond, Alberta…. American Creek Resources Ltd. (the “Corporation”) today announced that it will be offering on a non-brokered private placement basis (the “Offering”) up to 4,166,666 units (“Units”) at a price of $0.30 per Unit for gross proceeds of up to $1,250,000 to the MineralFields Group. Each Unit will consist of one flow-through common share of the Corporation (“FT Share”) and one warrant (a “Warrant”). Each whole Warrant may be exercised for one additional non-flow-through common share (“Common Share”) at a price of $0.45 per Common Share for a period of 24 months from the date of closing of the Offering, provided that the Warrants will expire if not exercised within 15 days from receipt by the holder of written notice from the Corporation that the Common Shares have a closing trading price of $0.90 or higher for 10 consecutive trading days.
The Offering is subject to acceptance by the TSX Venture Exchange (the “Exchange”) and if permitted under applicable securities laws and by the Exchange, the Corporation will pay a cash finder’s fee in the amount of 5% of the gross proceeds of the Offering to Limited Market Dealer Inc. In addition, Limited Market Dealer Inc. shall receive that number of Warrants equal to 10% of the Units sold under the Offering.
Allan Burton, the President and Chief Executive Officer of the Corporation said: “we look forward to working with the MineralFields Group as we develop the Treaty Creek Project in the Province of British Columbia.”
The proceeds from the Offering will be used to finance the Corporation’s ongoing exploration and development activities at the Treaty Creek Project.
About MineralFields, Pathway and First Canadian Securities ®
MineralFields Group (a division of Pathway Asset Management), based in Toronto and Vancouver, is a mining fund with significant assets under administration that offers its tax-advantaged super flow-through limited partnerships to investors throughout Canada as well as hard-dollar resource limited partnerships to investors throughout the world. Pathway Asset Management also specializes in the manufacturing and distribution of structured products and mutual funds (including the Pathway Multi Series Funds Inc. corporate-class mutual fund series). Information about MineralFields Group is available at www.mineralfields.com. First Canadian Securities ® is active in leading resource financings (both flow-through and hard dollar PIPE financings) on competitive, effective and service-friendly terms, and offers investment banking, mergers and acquisitions, and mining industry consulting, services to resource companies. MineralFields and Pathway have financed several hundred mining and oil and gas exploration companies to date through First Canadian Securities ®.
About American Creek Resources Ltd.
The Corporation 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, Fax: (403) 752-4020 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.
