By Devika Patel
Knoxville, Tenn., March 26 - American Creek Resources Ltd. announced that it plans to raise up to C$1.25 million in a non-brokered private placement of units.
The company will sell up to 1 million units at C$1.25 apiece. Each unit will consist of four flow-through common shares, one non flow-through common share and two and one half-share non-transferable warrants. Each whole warrant is exercisable at C$0.40 for one year.
Based in Raymond, Alta., American Creek is a junior mineral exploration company focused on the acquisition, exploration and development of gold and silver deposits.
| Issuer: | American Creek Resources Ltd.
|
| Issue: | Units of four flow-through common shares, one non flow-through common share and two and one half-share non-transferable warrants
|
| Amount: | C$1.25 million (maximum)
|
| Units: | 1 million (maximum)
|
| Price: | C$1.25
|
| Warrants: | 2.5 warrants per unit
|
| Warrant expiration: | One year
|
| Warrant strike price: | C$0.40
|
| Agent: | Non-brokered
|
| Pricing date: | March 26
|
| Stock symbol: | TSX Venture: AMK
|
| Stock price: | C$0.12 at close March 25
|
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