| AMERICAN CREEK RESOURCES ANNOUNCES SHARES FOR DEBT ARRANGEMENT | |
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November 3, 2015 TSX-V: AMK
American Creek Resources Ltd. (TSX-V: AMK) ('the Corporation') today announced that it has entered into a shares for debt arrangement with Miller Thomson LLP ('MT') for the settlement of $450,000 of the current debt outstanding to MT. The Corporation will issue 9,000,000 common shares in the capital of the Corporation ('Shares') at a price of $0.05 per Share.
The Corporation wishes to publically thank MT for their expertise and professionalism as well as for their continued support and cooperation in seeing the legal proceedings with Teuton Resources Corp. over the Treaty Creek property through to a successful conclusion.
The Corporation will also issue 1,050,000 Shares at a price of $0.05 per Share to an arm's length contractor as payment for $52,500.00 of services performed this fall in relation to the recent Electrum project exploration program.
The Shares issued in relation to these shares for debt and shares for services arrangements are subject to a hold period of four months plus a day from issuance.
The shares for debt and shares for services arrangements are subject to approval by the TSX Venture Exchange.
American Creek Resources Ltd. is a Canadian junior mineral exploration company focused on the acquisition, exploration and development of mineral deposits within the Province of British Columbia, Canada.
For further information please contact Darren Blaney at: Phone: 403 752-4040 or Email: [email protected] Information relating to the Corporation is available on its website at www.americancreek.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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American Creek Resources Ltd
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EXPLORATION STAGE |
CODE : AMK.V |
ISIN : CA0252881010 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
American Creek is a silver and gold exploration company based in Canada. American Creek holds various exploration projects in Canada. Its main exploration properties are ELECTRUM, TIDE, IRONMIST and TREATY CREEK in Canada. American Creek is listed in Canada. Its market capitalisation is CA$ 79.2 millions as of today (US$ 58.4 millions, € 52.5 millions). Its stock quote reached its highest recent level on December 31, 2007 at CA$ 2.61, and its lowest recent point on May 31, 2019 at CA$ 0.03. American Creek has 229 530 000 shares outstanding. |