| American Creek Resources Provides Litigation Update | |
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January 4, 2016 TSX-V: AMK
American Creek Resources Ltd. (TSX-V: AMK) ('American Creek' or 'the Corporation') wishes to provide an update on recent events related to the legal action previously filed in the Alberta Court of Queen's Bench against Teuton Resources Corp. ('Teuton'), Dino Cremonese ('Cremonese'), Amanda Mullin ('Mullin'), Gary Assaly ('Assaly') and others.
American Creek continues to pursue its claim against the defendants named in the previously filed amended Statement of Claim. In pursuit of its claims, the Corporation has today served a number of the defendants, including Teuton and Teuton's President, Cremonese, with a summary judgment application in relation to its claims in defamation.
The Corporation will continue to pursue the balance of its claims in further court proceedings against both the defendants named in the summary judgment application and those not named in this application.
The Corporation has also become aware of the fact that Holmes & King, one of Teuton's former legal counsels that withdrew from representing Teuton citing 'professional' and 'ethical' reasons, has initiated legal proceedings against Teuton in the British Columbia Supreme Court in an effort to collect substantive unpaid legal fees. The Corporation is at present uncertain how this action by Holmes & King will affect Teuton's ability to pay potential damages to American Creek related to the Corporation's legal action against Teuton.
The Corporation will provide further updates as events materialize.
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$ 62.0 millions as of today (US$ 45.1 millions, € 41.2 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. |