Today: February 22, 2018, 11:23 pm
  
Business

American Creek Resources Closes $250,000 Financing

PR-Inside.com: 2017-10-07 06:25:02

American Creek Resources Closes $250,000 Financing

American Creek Resources Ltd.
Kelvin Burton, 403-752-4040
info@americancreek.com

American Creek Resources Ltd. (TSX-V: AMK) (“the Corporation”) today announced that it has closed the $250,000 private placement offering (“the Offering”) that was announced yesterday.

The Corporation sold 5,000,000 units (“Units”) at a price of $0.05 per Unit for proceeds of $250,000. Each Unit consists of one common share of the Corporation (“Common Share”) and one non-transferrable Common Share purchase warrant (“Warrant”). Each Warrant may be exercised for one additional Common Share at a price of $0.08 for a period of 24 months from the closing date of the Offering.

Proceeds will be used for general operating purposes including settling current debt and for exploration work related to the company’s Dunwell, Gold Hill and Glitter King properties.

The securities issued in this financing are subject to a statutory four month hold period. This private placement is subject to approval by the TSX Venture Exchange.

About American Creek

American Creek is a Canadian junior mineral exploration company with a strong portfolio of gold and silver properties in British Columbia. Three of those properties are located in the prolific “Golden Triangle”; the Treaty Creek and Electrum joint venture projects with Tudor Gold/Walter Storm as well as the 100% owned past producing Dunwell Mine.

Tudor is presently conducting a major drill program on the Treaty Creek property with the objective of developing a primary gold resource estimate.

The Corporation also holds the Gold Hill, Austruck-Bonanza, Ample Goldmax, Silver Side, and Glitter King properties located in other prospective areas of the province.

For further information please contact Kelvin Burton at: Phone: 403 752-4040 or Email: info@americancreek.com. 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.

American Creek Resources Closes $250,000 Placement

Press Information


Published by
Hossam Abdel-Kader
+43 1 9582319
e-mail
www.pr-inside.com/



# 371 Words
Related Articles
More From The Author
Medtronic Provides Update on Impact from Hurricane [..]
DUBLIN - October 6, 2017 - Medtronic plc (NYSE: MDT) today provided an update on the impact to its manufacturing [..]
Patton and FiberPlex Join Forces to Build [..]
GAITHERSBURG, Md., Oct. 06, 2017 (GLOBE NEWSWIRE) -- Patton Electronics-US manufacturer of UC, cloud, and IoT enabling solutions [..]
Banco Santander-Chile: Announces Third Quarter 2017 Analyst [..]
Banco Santander-Chile: Announces Third Quarter 2017 Analyst and Investor Webcast / Conference Call Santiago, Friday, October 6, [..]
Western Union Restores Money Transfer Services in [..]
The Western Union Company : To support communities and families in Puerto Rico affected by Hurricane Maria, Western Union, today [..]
Ageas and Norges Bank: Transparency notification
In accordance with the rules on financial transparency*, Norges Bank has notified Ageas on 5 October 2017 that, on 4 [..]
 
More From Business
Buy Olympic Bars for Powerlifting, Weightlifting & [..]
Established in 1942, the Australian Barbell Company is Australia’s leading specialist manufacturer and supplier of weight lifting [..]
Buyers Agency Albion Avenue Has Great Options [..]
Real estate experts say the property market in Sydney and Melbourne peaked in 2017 and judging by recent auction and [..]
The Secret of Truedek’s Strength
An article in a business magazine in the 1970’s gave an example of the difference between Government and Private Enterprise. [..]
New Asbestos Legislation Deadline April 2018
In 2015 a new health and safety legislation came into effect, calling all PCBUs (Person Conducting Business or Undertaking) to [..]
Smart & Practical – Kohler Introduces Torsion [..]
Kohler Australia has introduced the latest European designed Torsion Shower doors that are both practical and beautiful. The [..]

Disclaimer: If you have any questions regarding information in this press release please contact the company added in the press release. Please do not contact pr-inside. We will not be able to assist you. PR-inside disclaims the content included in this release.