AMK. American Creek Resources Ltd.

American Creek Amends Property Option Agreements & Enters into New Services Agreement With AGORACOM

Cardston, Alberta--(Newsfile Corp. - September 28, 2020) - American Creek Resources Ltd. (TSXV: AMK) (the "Company" or "American Creek") - announces that it has entered into amended and restated property option agreements with respect to the Silver Side property, the Ample Goldmax property and the Glitter King property. The terms of the original property option agreements were previously announced on September 14 & 15, 2016. The Company had defaulted on some option payments under the old agreements and consequently the re-negotiated amended and restated agreements bring the options back in good standing. Pursuant to the amended and restated option agreements, in order to exercise the options and acquire a 100% interest in the properties (subject to the royalties described in the Company's news releases dated September 14 & 15, 2016), the Company will be required to pay a $2,500 extension fee per agreement and (i) with respect to the Silver Side property, issue 250,000 common shares to the owners of the property on or before October 2, 2020, make cash payments to the owners totaling $50,000 by September 21, 2021, and conduct a total of $85,000 in exploration work on the property by September 22, 2022; (ii) with respect to the Ample Goldmax property, issue 550,000 common shares to the owners on or before October 2, 2020, make cash payments to the owners totaling $45,000 by September 21, 2021, and conduct a total of $200,000 in exploration work on the property by September 22, 2022; and (iii) with respect to the Glitter King property, issue 350,000 common shares to the owners on or before October 2, 2020, make cash payments totaling $50,000 by September 21, 2021, and conduct a total of $80,000 in exploration work on the property by September 22, 2022. The Company expects to issue a total of 1,150,000 common shares to the owners of the properties within the next week as required under the terms of the amended and restated agreements. When issued, the shares will have a hold period expiring 4 months and one day after their date of issuance in accordance with applicable securities laws and the policies of the TSX Venture Exchange ("TSXV").

Further to its news release of July 26, 2019, in which the Company disclosed a shares for services agreement it had entered into with AGORACOM dated July 15, 2019, the Company advises that to date it has issued to AGORACOM 147,656 common shares having a hold period expiring on December 27, 2019, and 138,970 common shares having a hold period expiring on March 19, 2020. Under the terms of the agreement, the Company is required to issue an additional 278,438 common shares to AGORACOM, which it proposes to do upon receipt of TSXV approval. When issued, the 278,438 shares will have a hold period expiring 4 months and one day after their date of issuance in accordance with applicable securities laws and the policies of the TSXV.

With the initial 2019 agreement terminating July 15, 2020, the Company entered into a new shares for services with AGORACOM on July 27, 2020. Under the new agreement, AGORACOM will continue to provide advertising services to American Creek until July 30, 2021. In consideration for its services, the Company will pay AGORACOM a total of $45,000 + GST, payable in quarterly instalments. Subject to approval of the TSXV, the Company intends to issue common shares to AGORACOM for the services provided. The number of shares issuable and the share price will be determined at the market price of the Company's common shares at the time the quarterly payments are due, in compliance with the policies of the TSXV.

About American Creek

American Creek holds 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 joint venture project with Tudor Gold (Walter Storm) as well as the 100% owned past producing Dunwell Mine and the 100% owned D1 McBride.

The Company also holds interests in 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: . 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.

To view the source version of this press release, please visit

EN
28/09/2020

Underlying

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on American Creek Resources Ltd.

American Creek Resources Ltd: 1 director

A director at American Creek Resources Ltd sold 1,000,000 shares at 0.130CAD and the significance rating of the trade was 51/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last tw...

 PRESS RELEASE

American Creek Resources Ltd. and Stinger Resources Inc. Announce Clos...

Cardston, Alberta--(Newsfile Corp. - February 25, 2021) - American Creek Resources Ltd. (TSXV: AMK) (the "Company" or "American Creek") and Stinger Resources Inc. ("Stinger") are pleased to announce that further to American Creek's press release dated February 16, 2021, the plan of arrangement spinout transaction (the "Arrangement") has closed effective February 25, 2021 (the "Effective Date").Completion of the Arrangement, as set forth in the amended and restated arrangement agreement dated October 2, 2020 (the "Arrangement Agreement"), entered into between American Creek and Stinger, was ap...

 PRESS RELEASE

American Creek Resources Completes Spin-out of Shares of Stinger Resou...

Cardston, Alberta--(Newsfile Corp. - February 16, 2021) - American Creek Resources Ltd. (TSXV: AMK) (the "Company" or "American Creek") is pleased to announce that further to its press release dated December 5, 2020, the effective date for the spin-out of certain assets, including property interests, Tudor Gold Corp. shares, $2,500,000 cash, the right to contingent cash payments on exercise of certain outstanding warrants, and certain real property, to its shareholders by way of a plan of arrangement (the "Arrangement") with Stinger Resources Inc. ("Stinger") is expected to occur at 12:01 a.m...

 PRESS RELEASE

American Creek's JV Partner Tudor Gold Intersects 3.286 gpt AuEq over ...

Cardston, Alberta--(Newsfile Corp. - January 7, 2021) - American Creek Resources Ltd. (TSXV: AMK) ("the Corporation") is very pleased to present results for the last set of 2020 diamond drill holes for the Goldstorm Zone at their JV flagship property, Treaty Creek. The project is located within the heart of the Golden Triangle of Northwestern British Columbia which is on-trend from Seabridge's KSM Project located five kilometers southwest of the Goldstorm Zone. Results from sampling of 9,621.7 meters of HQ and NQ2 core, from 11 diamond drill holes, have recently been received from MSA Labs. Am...

 PRESS RELEASE

American Creek's JV Partner Tudor Gold Intersects 1.215 gpt AuEq over ...

and 1.078 gpt AuEq over 345.0 Meters Within 921.0 Meters of 0.821 gpt AuEq (Hole GS-20-83) at the Goldstorm Zone, Treaty Creek, Located in B.C.'s Golden TriangleCardston, Alberta--(Newsfile Corp. - December 16, 2020) - American Creek Resources Ltd. (TSXV: AMK) ("the Corporation") is pleased to present results for the fifth set of diamond drill holes for the Goldstorm Zone at their flagship property, Treaty Creek. The project is located in the heart of the Golden Triangle of northwestern British Columbia and is on-trend from Seabridge's KSM Project located five kilometers southwest of the Gold...

ResearchPool Subscriptions

Get the most out of your insights

Get in touch