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 It Was A Head Fake.

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Comment by Larry60on Jun 12, 2024 12:38pm

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Post# 36085076

RE:RE:RE:RE:RE:RE:RE:So It Was A Head Fake.

It is NOTcommon practice to grant a bidder with $0 on a $200 million NON BINDING expression of interest with a clause like that. What your state is not in line with industry practice. Even worse, the Financing Failure fee, which is very vague and only kicks in if bidder makes a binding offer, is for up to $115,000. That is nutso. Not that AMK gonna collect a dime...........

AMK just gave Cunningham a lottery ticket for $7M with a probabliliy of paying off somewhere in the 25% to 50% range. Where can we buy a lottery ticket like that?!??!?!?!?!?

fordster wrote:
That's 7 million clause is a common stipulation as is the contract. It's only there if another company comes in with a higher offer and we don't pay it, the company with a higher offer pays it.

Don't fall for all the filth...it is their goal to maintain total domination on our boards.

I'll know who you are Larry...but you'll never know who I am...yes, I'll be there.