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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 LonghandStrongon Nov 09, 2024 8:10pm
142 Views
Post# 36304975

Some comment

Some commentPage 12 of 95 "AMK will incur costs ... regardless of whether the arrangement is completed".   Fine if it completes, but if not...  "If the arrangement is not completed, the market price of the shares may decline"... yeah, no guff..

Page 17 of 95.   Loss of opportunity "...if they declined, there may not be another opportunity got security holders to receive comparable value...."

Financial Conditions and Prospects ".... the consideration is more favorable to the shareholders than the alternative of continuing to operate as a standalone public company and pursuing the company's long term plan..."  I guess they do t have much faith???

Page 57, Darren and Robert, 1.1 mil each for change of control severance, on top of the sweet 6 mil consideration received all those juicy options.    Pretty sweet deal for effectively doing nothing.  

Cash position 2022, 1,139,986.   Cash position 2023 101,517.  Pretty sweet considering all they need to do is pay the electric bill.    $25k in corporate communications, what a waste.  $43k in advertising, considering SP drop over that period, another waste"  Management Fees..... grrrrrr... 


Regardless, voting yes, let's wrap this dog up.
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