Raymond, Alberta… American Creek Resources Ltd. (the “Corporation”) is pleased to announce that today it closed the first tranche of the non-brokered private placement announced on March 15, 2010 and has issued 2,219,333 units (“Units”) at a price of $0.15 per Unit for gross proceeds of $332,899.95. Each Unit consists of one common share of the Corporation (“Common Share”) along with one non-transferable Common Share purchase warrant (“Warrant”). Each Warrant may be exercised for one additional Common Share at a price of $0.20 per Common Share for a period of two years. Insiders of the Corporation purchased an aggregate of 1,470,000 Units under the private placement. No finder’s fees or commissions were paid in connection with the private placement. All securities issued in connection with the private placement are subject to a hold period which expires on August 13, 2010. The Corporation expects to close on the balance of the private placement in the near future.
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.
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