By Laura Lutz
Columbus, Ohio, March 20 - American Creek Resources Ltd. announced plans for a C$3 million private placement of units.
The company intends to sell up to 1.5 million units of one share and one non-transferable warrant at C$2.00 per unit. Each warrant will be exercisable at C$3.75 for one year.
Settlement of the non-brokered deal is expected on April 11.
American Creek is a mineral exploration company based in Raymond, Alta.
| Issuer: | American Creek Resources Ltd.
|
| Issue: | Units of one share and one non-transferable warrant
|
| Amount: | C$3 million
|
| Units: | 1.5 million
|
| Price: | C$2.00
|
| Warrants: | One per unit
|
| Warrant expiration: | One year
|
| Warrant strike price: | C$3.75
|
| Agent: | Non-brokered
|
| Pricing date: | March 20
|
| Settlement date: | April 11
|
| Stock symbol: | TSX Venture: AMK
|
| Stock price: | C$2.20 at close March 20
|
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