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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

Post by Larry60on Nov 11, 2024 10:45am
68 Views
Post# 36306540

32 cent bid

32 cent bidHow low she gonna go?

Who is gonna come up with the $2.5 million if this deal doesnt cloes????

Fees and Expenses The aggregate expenses of American Creek incurred or to be incurred in connection with the Arrangement, including, without limitation, contractual termination obligations (including those for the senior officers of American Creek), legal, accounting, audit, financial advisory, fees owed to the Depositary in connection with the Arrangement, director and officer run-off insurance and other administrative and professional fees, the preparation and printing of this Information Circular, fees owed to the Transfer Agent in connection with the solicitation of proxies for the Meeting and other out-of-pocket costs associated with the Meeting are estimated to be approximately $2,500,000 in the aggregate. In the event the Arrangement is completed, these costs will ultimately be borne by the Purchaser in that as of the Effective Time, American Creek will become a wholly-owned subsidiary of the Purchaser. All expenses incurred in connection with the Arrangement and the transactions contemplated thereby will be paid by the Party incurring such expense. Note, however, that the Signing Fee ($300,000) is permitted to be used by the Company for working capital purposes in the Ordinary Course of Business (including reasonable expenses incurred by the Company related to the Arrangement) and the Company will retain 50% of the Signing Fee ($150,000) in the event that the Arrangement does not proceed.
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