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.

TSXV:AMK - Post by User

American Creek Resources Ltd > Re post from Rob. Time to cast our vote by 10:30 PT 12 Dec

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Post by CobraShelbyon Dec 07, 2023 8:35am

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Post# 35772631

Re post from Rob. Time to cast our vote by 10:30 PT 12 Dec

Post by Robizounskinon Dec 03, 2023 9:41am

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Post# 35765728

Shareholders it’s time to vote

Check your mail or with your broker as we have received our notice of annual general meeting which include the Management Information Circular and the Proxy Voting information form.

The company urges all shareholders to vote by proxy in advance, please do so as it is very important and it’s the only time of the year you can impact some management’s decisions. If you don’t vote then the default answer is yes (for) as per management’s recommendations.

Interesting information found in the Circular;

Executive compensation;
Darren Blaney
$287,200 as salary, consulting fee, retainer or commission.
$100,000 as bonus???
$106,250 as gain of stock options exercised
$493,450 Total compensation (income) in 2022
2,000,000 Stock options shares granted in 2022
Robert Edwards
$208,835 as salary, consulting fee, retainer or commission.
$100,000 as bonus???
$85,000 as gain of stock options exercised
$393,835 Total compensation (income) in 2022
2,000,000 Stock options shares granted in 2022

Not bad for a part-time job as they both have similar or equivalent functions in those other companies;

Affinity Metals Corp.
Stinger Resources Inc.
Newterra Resources Inc.

Also very important, the voting question #4 is related to the Stock Option Plan which allow the management to grant/issue up to 10% of the shares outstanding annually as Stock Options. This may indirectly generate a share dilution of up to 10% every year. Don’t forget the default answer is yes (for).

The AMK free ride until the production notice is given by Tudor is not that free for us shareholders as it may costing us up to 10% per year.

Shares structure from AMK site as of December/01/2023;
Shares Outstanding - 439,714,998
Options Outstanding - 43,915,000
Warrants Outstanding - 0
Fully diluted – 483,629,998

GLTA and live long and prosper

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