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American Creek Resources Ltd V.AMK

Alternate Symbol(s):  ACKRF

American Creek Resources Ltd. is a Canada-based junior mineral exploration company, which is engaged in the acquisition and exploration of mineral properties, principally for precious metal deposits. The Company’s projects include Treaty Creek and Austruck-Bonanza. The Treaty Creek Project covers approximately 114 square km in the Skeena Mining District of northern British Columbia and is situated approximately 70 km north of Stewart. The Austruck-Bonanza Property is located within the Kamloops Mining Division 53 kilometers north-west of the city of Kamloops in south central British Columbia. The Austruck-Bonanza Property is underlain by Devonian to Triassic Harper Ranch formation comprised of fine grade sedimentary rocks including mudstone and shale and includes basaltic volcanics. The Company holds 100% interest in the Austruck-Bonanza Property and 20% interest in the Treaty Creek project.


TSXV:AMK - Post by User

Comment by Silverlover8on Sep 17, 2020 4:49pm
405 Views
Post# 31578259

RE:Big AMK news !!

RE:Big AMK news !!
Silverlover8 wrote: I have it on good authority that American Creek will be spinning all their non treaty creek assets into a new company. American creek will continue to trade based on their treaty creek assets while everyone will get the same ratio of shares in the new company that they have currently in American creek (take your current shares divided by current outstanding and that ratio is the number of shares you will have in the new company) the reasoning for this is obvious American creek is getting NO value for their non treaty creek properties such as dinwell. Under this spinoff scenario those will finally be given value by the markets and when treaty creek is sold via buyout you'll still have your shares in the spinoff company on hand! I don't know the exact date just that it will be before end of 2020. I anticipate prior to the closing of this spin off the enthusiasm for American creek shares will explode cuz people will want those shares of the new company bad! So it's a win win 


apologies for my typo I of course meant "dunwell" not dinwell 

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