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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 JohnnyLingoon Apr 15, 2014 9:07pm
293 Views
Post# 22456070

RE:Special costs: Misbehaving and paying for it....

RE:Special costs: Misbehaving and paying for it....Bottom lines, simplified:

Specific performance: The court is ordering TUO to actually do what it should have done in the first place, ie. convey the 51% interest in Treaty to AMK.

Special Costs: In addition to losing the case, TUO is at great risk of having to pay most or all of AMK's legal fees on a full indemnity basis. An additional hearing will be held to determine if that's the case and, if so, how much TUO will have to pay. Given the judge's comments concerning Dino's completely inappropriate and frankly bizarre behaviour, I like AMK's chances on that one as well.

Lastly, check out the 2nd last paragraph from my March 2 post. Think I called it.

https://www.stockhouse.com/companies/bullboard/v.amk/american-creek-resources-ltd?postid=22270048
A final comment: as many have said, this whole thing is beyond unfortunate and was entirely unnecessary. For all my concern earlier about AMK management's ability to get a junior gold company off the ground, much of which I still have, I truly believe that TUO is the one that botched this thing big time. I have done my DD on this, both when it started and then again over the past couple of months, and while I'm obviously not the judge I like to think I know a bit about these things and I just can't see how the court will accept TUO's evidence (much of which is shaky) or with their arguments.
Read more at https://www.stockhouse.com/companies/bullboard/v.amk/american-creek-resources-ltd#E1lJe0QeCyqqw726.99

JL

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