American Creek Resources Ltd V.AMK

Alternate Symbol(s): ACKRF

Metals & Mining Industrial Metals & Minerals

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.

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American Creek Resources Ltd > So if I'm reading this right....

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Comment by rockport1on Sep 30, 2021 9:23pm

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Post# 33950645

RE:RE:RE:RE:So if I'm reading this right....

I believe this is a third party NSR, not Teuton's. Teuton's NSR is 0.98% & 0.49%. Combined with the NSR that TUD just bought, totals 2.0% & 1.0%.

I also think the third party is Kirkland Lake via St. Andrews Goldfieds if memory serves. Still, I don't quite understand what is happening here. My best guess is:

Tudor pays AMK 100k shares to eliminate their right to buyout the third party NSRs.
Tudor pays the third party, Kirkland Lake, 5 million shares to buyout the NSR.
Teuton retains a 0.98% (Area 1) & 0.49% NSR (Area 2)

Does that make sense? Comments?

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