American Creek Resources Ltd V.AMK

Alternate Symbol(s): ACKRF

Metals & Mining Industrial Metals & Minerals

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.

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American Creek Resources Ltd > LARRY

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Comment by Larry60on Nov 25, 2024 6:01pm

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Post# 36330045

RE:RE:RE:RE:LARRY

csk,

My guesses:
1) amk will trade post yes vote no ifs ands or buts. question is what will they say about the $210 million in the NR announcing the YES vote? Probably that it is underway,

Facts:
Either party has a right to walk away after Dec 31 if conditions of deal are not satisified. But remember, financing is NOT a condition of the deal........as it usually would be. Could argue no set time period for payment. More likely scenario, AMK will let this drag on even longer................they dont want to see a 10 cent share price..................

cskhurasu wrote: Yes the deal will be approved. No the deal will not close this week.

Question 1 do the shares still trade while the would-be buyer scrambles for cash?

Question 2 Is there a drop dead date after which the approval of the deal is no longer valid if it has not closed?