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 > Nugget coin

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Comment by Robizounskinon Dec 21, 2024 9:40am

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Post# 36373500

RE:RE:RE:RE:RE:RE:RE:RE:RE:Nugget coin

How can you sell something that you don’t own to start with. Cunningham need money to buy AMK, they cannot as yet put Treaty Creak as a guaranty to backup their token for now, that is why they need and got a financing to proceed with the transaction, after the transaction is done then you have an asset working for you and you can sell token base on that asset to refund your financing. It’s more less like a mortgage. So, Cunningham is not waiting on selling token upfront to finance the transaction, this is a misconception. For the delay there is a lot of red tape involved but the transaction will happen anyway.

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