American Creek Resources Announces Shares for Debt Arrangement
(firmenpresse) - CARDSTON, ALBERTA -- (Marketwired) -- 11/03/15 -- American Creek Resources Ltd. (TSX VENTURE: 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.
Information relating to the Corporation is available on its website at .
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.
Contacts:
American Creek Resources Ltd.
Darren Blaney
403 752-4040
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Datum: 03.11.2015 - 08:00 Uhr
Sprache: Deutsch
News-ID 1396435
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Mining & Metals
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