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American Creek Resources Ltd ACKRF


Primary Symbol: V.AMK

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

Post by GuruNNon Oct 19, 2024 1:55pm
152 Views
Post# 36273202

I have a question:

I have a question:
The current situation is like this: As long as no production decision has been made (and therefore no mine is built), it is contractually regulated that Tudor Gold bears all costs. 

From the date of the production decision, the two 20% partners (Teuton and AMK) must bear all costs in accordance with their percentage share. 

But how does this work if the shares are securitized as tokens?

How will the necessary capital be collected if each individual token holder has to pay for the mine
construction on his basis?

This could happen if the PEA turns out to be very favorable and no major was willing to take over Treaty Creek by then. 
 
 
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