AMERICAN CREEK ANNOUNCES $750,000 PRIVATE PLACEMENT OFFERING
04 Febrero 2011 - 8:15AM
PR Newswire (Canada)
RAYMOND, AB, Feb. 4 /CNW/ -- TSX-V: AMK RAYMOND, AB, Feb. 4 /CNW/ -
American Creek Resources Ltd. (the "Corporation") today announced
that it will be offering on a non-brokered private placement basis
(the "Offering") up to 11,500,000 units for gross proceeds of
$750,000 if the Offering is fully subscribed. The Offering is
comprised of 6,000,000 flow-through units ("FT Units") at a price
of $0.07 per FT Unit for gross proceeds of up to $420,000 and
5,500,000 non-flow-through units ("NFT Units") at a price of $0.06
per NFT Unit for gross proceeds of up to $330,000. The
Corporation has the option to increase the number of Units by as
much as 15% for an additional 900,000 FT Units and 825,000 NFT
Units. Each FT Unit will consist of one flow-through common share
of the Corporation ("FT Share") and one-half of one
non-transferable common share purchase warrant (a "Warrant"). Each
whole Warrant entitles the holder to purchase one non-flow-through
common share ("NFT Share") at an exercise price of $0.10 for a
period of one year from the date of issuance of the Warrant. Each
NFT Unit will consist of one NFT Share and one-half of one
non-transferable common share purchase warrant (a "Warrant"). Each
whole Warrant entitles the holder to purchase one NFT Share at an
exercise price of $0.10 for a period of one year from the date of
issuance of the Warrant. Units will be offered to qualified
purchasers in reliance upon exemptions from prospectus and
registration requirements of applicable securities legislation.
Proceeds from the sale of the FT Share portion of each FT Unit will
be used to incur expenditures which qualify as Canadian Exploration
Expenses and will be spent primarily on the Corporation's Electrum
Project located in British Columbia. Insiders of the Corporation
may participate in the Offering. The Offering is subject to
acceptance by the TSX Venture Exchange (the "Exchange") and if
permitted under applicable securities laws and by the Exchange, the
Corporation will pay a finder's fee to dealers, limited market
dealers and other arm's length third parties (a "Finder") equal to
8% of the gross proceeds realized from the sales made to purchasers
referred to the Corporation by a Finder, payable in either cash or
shares or both, at the sole discretion of the Corporation, together
with a non-transferable warrant ("Finder's Warrant") to purchase
the number of NFT Shares equal to 8% of the gross number of shares
from the sales made to purchasers referred to the Corporation by a
Finder at a price of $0.10 per Common Share for a period of one
year from the closing of the Offering. Securities issued in this
private placement will be subject to a hold period of four months
and a day from the date of issuance of the securities. 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.
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 this news release in HTML
formatting, please use the following URL:
http://www.newswire.ca/en/releases/archive/February2011/04/c7933.html
pDarren Blaney at: Phone: 403 752-4040 or Email: a
href="mailto:info@americancreek.com"info@americancreek.com/a.
Information relating to the Corporation is available on its website
at a href="http://www.americancreek.com/"www.americancreek.com/a./p
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