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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 bigboy999on Dec 07, 2023 9:12pm
113 Views
Post# 35774246

RE:RE:Shareholders it’s time to vote

RE:RE:Shareholders it’s time to vote

And here is what they charge Stinger (from Sedar). Don't know about Infinitey, I think it was delisted or something.

Related party transactions The Company has identified its directors and certain senior officers as its key management personnel. During period ended September 30, 2023, the Company incurred the following related party transactions: a) Incurred management fees in the amount of $185,400 (2022 - $165,000) to companies controlled by the Company’s Chief Executive Officer. b) Incurred management fees in the amount of $139,050 (2022 - $123,750) to companies controlled by the Company’s Chief Financial Officer. For the period ended September 30, 2022, the total remuneration of key management personnel was $324,450 (2022 - $288,750) of management fees. The Company made $100,000 advance to the Chief Executive Officer and $100,000 to Chief Financial Officer for future management fees. A retainer balance in the amount of $Nil (2022 - $1,100,000) was paid to a company controlled by a director of the Company. 

Little if any exploration that I can see. Don't even think about comparing these management fees to what Dino charges and how he has advanced TUO. Also go back a few years for a fairer comparison. Thank goodness folks are waking up!

.................. BB

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