American Creek (TSX.V: AMK)
Announced that its management information circular and related meeting materials were mailed today, October 31, 2024, for its annual general and special meeting of the Company’s shareholders to approve, a statutory plan of arrangement involving American Creek and Cunningham Mining Ltd.
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American Creek | TSX.v : AMK |
Stage | Exploration |
Metals | Gold |
Market cap | C$148 m @ 33c |
Location | Golden Triangle, B.C. |
Website | www.americancreek.com |
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American Creek Resources Announces Mailing of Meeting Materials and Receipt of Interim Order in Respect of Plan of Arrangement with Cunningham Mining
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Cardston, Alberta–(Newsfile Corp. – October 31, 2024) – American Creek Resources Ltd. (TSXV: AMK) (OTCQB: ACKRF)(the “Company” or “American Creek“) announces that its management information circular (the “Circular“) and related meeting materials were mailed today, October 31, 2024, for its annual general and special meeting (the “Meeting“) of the Company’s shareholders (the “Shareholders“) to approve, amongst other things, a statutory plan of arrangement (the “Arrangement“) involving American Creek and Cunningham Mining Ltd. (the “Purchaser“) under Division 5 of Part 9 of the Business Corporations Act (British Columbia) (“BCBCA“).
The Arrangement is subject to the terms and conditions of an arrangement agreement (the “Arrangement Agreement“) summarized in the Company’s September 6, 2024 news release and more particularly described in the Circular.
Under the terms of the Arrangement Agreement, among other things, the Purchaser will acquire all of the issued and outstanding common shares of American Creek at a price of $0.43 per share.
The Circular and related Meeting materials have been publicly filed by American Creek under its issuer profile on SEDAR+ at www.sedarplus.ca.
Prior to entering into the Arrangement Agreement, the board of directors of the Company unanimously determined that the Arrangement is fair to all securityholders of the Company (Shareholders, warrantholders and optionholders) and that the Arrangement and the entering into of the Arrangement Agreement were in the best interests of the Company.
The board of directors of the Company recommends that Shareholders vote FOR the Arrangement.
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The Meeting
The Meeting will be held on Wednesday, November 27, 2024 at 17:00 UK time, (10.00 Vancouver Time) at 5th Floor, 410 West Georgia Street, Vancouver, British Columbia.
At the Meeting, in addition to the typical general meeting items of business, Shareholders will be asked to consider, and, if deemed advisable, pass, with or without amendment, a special resolution of the Shareholders to approve the Arrangement (the “Arrangement Resolution“).
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To read the full news release please click HERE
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The live gold price can be found HERE
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Disclosure
At the time of writing the author holds shares in American Creek
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