amk extends exclusivity agreement to sept 5 American Creek Resources (TSXV: AMK) (OTCQB: ACKRF) has extended the exclusivity period for its non-binding letter of intent (LOI) with Cunningham Mining to September 5, 2024. This extension follows Cunningham's announcement of a US$153 million token subscription facility to fund the proposed acquisition of American Creek at $0.43 per share. The parties are now working on finalizing a Definitive Agreement.
CEO Darren Blaney praised Cunningham's recognition of American Creek's 20% carried interest in the Goldstorm deposit and the potential of the Treaty Creek Project. The proposed transaction still requires various approvals, including from shareholders, the Supreme Court of British Columbia, and the TSX Venture Exchange.
https://www.stocktitan.net/news/ACKRF/american-creek-announces-loi-exclusivity-period-70tvyc0atf1s.html