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American Creek Resources Ltd V.AMK

Alternate Symbol(s):  ACKRF

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

Comment by curtis111on Oct 20, 2024 7:22pm
101 Views
Post# 36273985

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:I never doubted the crypto coin ever being created

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:I never doubted the crypto coin ever being created

Roberto, from Cunningham news release. I've spoken to Cunningham, one token. Not two. Where are you getting your information, if there is something I'm missing please point me in right direction. 

The wording is very clear, AMK 20% interest is in addition to Nugget Trap.

Ryan Cunningham, CEO of Cunningham, stated: "With this pending future transaction Cunningham Mining is ushering in the next frontier in terms of tokenization and monetization of in ground mineral resources. We are confident in the prospects of the gold, silver, and copper resources of the Treaty Creek Property and feel it will be a transformational addition to our upcoming NGTGOLD Token. Our team looks forward to the role it will play in the Golden Triangle as well as in the future of mining."

Next point-

In regards to payment for the 20% interest. This is being over complicated - an agreed price for the property will be negotiated. Of which 20% will be paid to holders of NGTG and distributed per coin.

Not everything is this impossible mathematical equation everything is being made out to be here. 

 

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

That's interesting too. But if a major did want to buy the whole project I suppose they'd have to buy all the outstanding tokens to complete the deal. I also suppose that they could implement something like the shareholders' holdout clause if holders didn't submit their tokens for acquisition. It might be a deal-breaker - it adds a level of complication to the acquisition process, but that's what keeps all the lawyers busy.
 

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