TOTALLING $801,965.74 THROUGH THE ISSUANCE OF SHARES
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.
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.