American Creek Resources Ltd V.AMK

Last day to buy to participate in spinout?

[arbatnew]

Maybe a stupid question, but as in the news release "(the "Arrangement") with Stinger Resources Inc. ("Stinger") is expected to occur at 12:01 a.m. on February 25, 2021 (the "Effective Date"). Pursuant to the arrangement, holders of common shares of American Creek as of the close of business on February 24, 2021 will receive one new common share of American Creek (each, an "American Creek Share") and 0.11324 of a Stinger common share (each, a "Stinger Share").  In this case at what point are you deemed a 'holder'?  If you bought on the 24th would you qualify?  Many thanks

[arbatnew]

Bumping my question here, maybe I will be more soecific.....is this treated similar to an ex-dividend situation OR if you were to purchase shares in AMK on the 24th do you still qualify to participate in the split and the seller would not?  Thanks  

[CharlieWaffles]

Cardston, Alberta--(Newsfile Corp. - February 16, 2021) - American Creek Resources Ltd. (TSXV: AMK) (the "Company" or "American Creek") is pleased to announce that further to its press release dated December 5, 2020, the effective date for the spin-out of certain assets, including property interests, Tudor Gold Corp. shares, $2,500,000 cash, the right to contingent

[arbatnew]

Many thanks for your response, and for clarification at what point is one considered to be a "holder" - my understanding is it takes 2 business days to be deemed the holder, so at this point it is too late to buy and participate in the spinout......correct?  And again much appreciated!

[CobraShelby]

You can purchase until the 24 of February  at closing time of the market. The effective date and time of your transaction is when you purchase them . Cardston, Alberta--(Newsfile Corp. - February 16, 2021) - American Creek Resources Ltd. (TSXV: AMK) (the "Company" or "American Creek") is pleased to announce that further to its press release dated December 5

[arbatnew]

Your clarification of the question is very much appreciated!  Thanks very much, looking forward to the story going forward here.