Cardston, Alberta–(Newsfile Corp. – February 3, 2025) –American Creek Resources Ltd. (TSXV: AMK) (OTCQB: ACKRF)(the “Company” or “American Creek“) announces that it has entered into a second amendment agreement (the “SecondAmendment Agreement“) with Cunningham Mining Ltd. (the “Purchaser“) to amend the previously announced arrangement agreement between the Purchaser and the Company dated September 5, 2024, as amended December 30, 2024 (the “Arrangement Agreement“) pursuant to which, among other things, the Purchaser will acquire all of the issued and outstanding common shares of American Creek by way of a statutory plan of arrangement (the “Arrangement“) under Division 5 of Part 9 of theBusiness Corporations Act(British Columbia).

Under the Second Amendment Agreement, the Outside Date (as defined in the Arrangement Agreement) has been extended from January 31, 2025 to March 15, 2025, provided the Purchaser pays the Company CAD$150,000 by February 20, 2025.

Thereafter, the Outside Date may be further extended from March 15, 2025 to April 30, 2025, provided the Purchaser pays the Company an additional US$2,000,000 by March 15, 2025, which date may be accelerated in certain circumstances. A copy of the Second Amendment Agreement will be available on the Company’s profile on SEDAR+ atwww.sedarplus.ca.

The extension fees payable under the Second Amendment Agreement, similar to the $300,000 signing fee paid by the Purchaser under the Arrangement Agreement, will be used by the Company for expenses incurred in connection with the Arrangement and working capital purposes.

For further information on the Arrangement, please see the Company’s news releases dated September 6, 2024, October 2, 2024, October 31, 2024, December 2, 2024, and December 31, 2024, which are available on American Creek’s profile on SEDAR+ atwww.sedarplus.ca.

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“Management considered a number of factors when negotiating this extension, including:

 

(i) while awaiting closing of the transaction, the Company is able to conduct all business and operate fully in the ordinary course;

 

(ii) the Company remains able to consider and, if deemed appropriate, approve a superior proposal under the terms of the Arrangement Agreement without a break fee being payable;

 

(iii) the original signing fee previously paid by the Purchaser has fully covered all of the Company’s legal and operating expenses associated with the pending Arrangement to date, including all normal course operating expenses, and together with the new extension fees, will fund the Company’s legal and operating expenses while we await closing of this transaction; and

 

(iv) we received an overwhelming mandate from shareholders at the Company’s recent AGM to move forward with this transaction.

 

Accordingly, we feel that this amendment and extension is in the best interests of the Company and we are committed to working with the Purchaser to close this transaction.”

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To read the full news release please click HERE

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To View American Creek’s historical news, please click here

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The live gold price can be found HERE

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We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

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This website is not sponsored, we are truly independent, and will always remain so.

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

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Disclosure

At the time of writing the author holds shares in American Creek

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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.

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

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

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=======

,

This website is not sponsored, we are truly independent, and will always remain so.

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

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Disclosure

At the time of writing the author holds shares in American Creek

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American Creek is located at 92 – 2nd Ave. West, Cardston, Alberta T0K 0K0. A copy of 2176423 Ontario’s early warning report will appear on American Creek’s profile on SEDAR+ at www.sedarplus.ca and may also be obtained by calling Mr. Sprott’s office at (416) 945-3294 (2176423 Ontario Ltd., 7 King Street East, Suite 1106, Toronto, Ontario M5C 3C5).

To read the full news release please click HERE

.

.

The live gold price can be found HERE

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

.

=======

,

This website is not sponsored, we are truly independent, and will always remain so.

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

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Disclosure

At the time of writing the author holds shares in American Creek

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Cardston, Alberta–(Newsfile Corp. – October 2, 2024) – American Creek Resources Ltd. (TSXV: AMK) (OTCQB: ACKRF)(the “Company” or “American Creek“) announces that it has received the $300,000 cash signing fee payment from Cunningham Mining Ltd. (“CML“), as required by the definitive arrangement agreement dated September 5, 2024 between the Company and CML, the details of which are set out in the Company’s news release of September 6, 2024.

The parties are currently working on documentation for the Company’s upcoming annual general and special meeting at which, amongst other things, shareholders will be asked to approve the statutory plan of arrangement with CML. The Company will provide further details regarding the meeting once they are finalized.

Darren Blaney, CEO of American Creek, stated:

“We are pleased that this transaction is moving along in a timely manner.

 

“After fielding some questions on the matter, we also want to take this opportunity to clarify that the previous voting agreement Mr. Sprott had with the Company expired July 31, 2024, therefore, he was under no legal obligation to support this proposed arrangement with Cunningham.

 

“As previously stated, we are pleased to have Eric Sprott’s full support and endorsement of this transaction.”

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Cardston, Alberta–(Newsfile Corp. – September 6, 2024) – American Creek Resources Ltd. (TSX.V: AMK) (OTCQB: ACKRF)(the “Company” or “American Creek“) is pleased to announce that it has entered into a definitive arrangement agreement dated September 5, 2024 (the “Arrangement Agreement“) with Cunningham Mining Ltd. (“CML“) pursuant to which CML has agreed to acquire all of the issued and outstanding common shares of American Creek (the “Shares“) at a price of $0.43 per Share (the “Consideration“), in an arm’s-length, all-cash transaction valued at approximately $207 million on a fully diluted basis (the “Transaction“).

The Transaction will be completed by way of a statutory plan of arrangement under theBusiness Corporations Act(British Columbia) (the “BCBCA“).

The Consideration represents a 274% premium to the $0.115 closing price of the Shares on the TSX Venture Exchange (the “TSXV“) on June 5, 2024, being the last trading prior to the date that American Creek and CML entered into the previously announced non-binding letter of intent (the “LOI“) for the Transaction, which LOI has now been superseded by the Arrangement Agreement.

In addition, the Consideration represents a 153% premium to the closing price of Shares on the TSXV on September 4, 2024 and a 155% premium based on American Creek’s 30-trading day volume weighted average price (“VWAP“) on the TSXV for the period ending September 4, 2024.

Holders of outstanding options and warrants to purchase shares of American Creek will receive a cash payment for the “in-the-money” value, if any, in respect of all vested options and warrants of American Creek.

The Company announced on August 6, 2024, that at that time it had received confirmation that CML has entered into a token subscription facility of up to US$153M for a 36-month term following a centralized exchange listing of the Cunningham Mining Token, the funds from which are expected to be used to fund CML’s financial obligations under the Arrangement Agreement.

Ryan Cunningham, President of CML, stated:

“We are very excited to enter into this agreement to acquire American Creek.

 

“The indirect acquisition in the Treaty Creek Property complements our existing portfolio of assets in the Golden Triangle. We look forward to the positive impact that the addition of the Treaty Creek Property will have on our upcoming NGTGOLD Token.”

Darren Blaney, CEO of American Creek, stated:

“We are pleased and excited to enter into this agreement with Cunningham Mining.

 

“I commend the team at Cunningham for recognizing the value of American Creek’s 20% carried interest in the Treaty Creek Project, in particular the expanding Goldstorm gold and copper deposit, and the mineral potential of the Treaty Creek Project as a whole.

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To read the full news release please click HERE

.

.

The live gold price can be found HERE

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

.

=======

,

This website is not sponsored, we are truly independent, and will always remain so.

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

.

Disclosure

At the time of writing the author holds shares in American Creek Resources.

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