By Sheri Kasprzak
New York, March 6 - American Creek Resources Ltd. intends to raise up to C$1.5 million from a private placement of units.
The non-brokered offering includes up to 750,000 units at C$2.00 each.
The units consist of one share and one warrant. The warrants allow for the purchase of another share at C$3.50 each for one year.
The deal is set to close March 16.
American Creek, located in Raymond, Alta., is a gold exploration, development and acquisition company.
Issuer: | American Creek Resources Ltd.
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Issue: | Units of one share and one warrant
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Amount: | C$1.5 million
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Units: | 750,000
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Price: | C$2.00
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Warrants: | One warrant per unit
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Warrant expiration: | One year
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Warrant strike price: | C$3.50
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Placement agent: | Non-brokered
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Pricing date: | March 6
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Settlement date: | March 16
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Stock symbol: | TSX Venture: AMK
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Stock price: | C$2.25 at close March 6
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