Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Bullboard - Stock Discussion Forum 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... see more

TSXV:AMK - Post Discussion

American Creek Resources Ltd > Shareholders it’s time to vote
View:
Post by Robizounskin on Dec 03, 2023 9:41am

Shareholders it’s time to vote

Check your mail or with your broker as we have received our notice of annual general meeting which include the Management Information Circular and the Proxy Voting information form.

The company urges all shareholders to vote by proxy in advance, please do so as it is very important and it’s the only time of the year you can impact some management’s decisions.  If you don’t vote then the default answer is yes (for) as per management’s recommendations.

Interesting information found in the Circular;

Executive compensation;
Darren Blaney
$287,200 as salary, consulting fee, retainer or commission.
$100,000 as bonus???
$106,250 as gain of stock options exercised  
$493,450 Total compensation (income) in 2022
2,000,000 Stock options shares granted in 2022
Robert Edwards
$208,835 as salary, consulting fee, retainer or commission.
$100,000 as bonus???
$85,000 as gain of stock options exercised 
$393,835 Total compensation (income) in 2022
2,000,000 Stock options shares granted in 2022

Not bad for a part-time job as they both have similar or equivalent functions in those other companies;

Affinity Metals Corp.
Stinger Resources Inc.
Newterra Resources Inc.

Also very important, the voting question #4 is related to the Stock Option Plan which allow the management to grant/issue up to 10% of the shares outstanding annually as Stock Options.  This may indirectly generate a share dilution of up to 10% every year.  Don’t forget the default answer is yes (for). 
 
The AMK free ride until the production notice is given by Tudor is not that free for us shareholders as it may costing us up to 10% per year.

Shares structure from AMK site as of December/01/2023;  
Shares Outstanding - 439,714,998
Options Outstanding - 43,915,000
Warrants Outstanding -                0
Fully diluted – 483,629,998

GLTA and live long and prosper
Comment by rockport1 on Dec 07, 2023 3:02pm
I agree with this sentiment. AMK management compensation has always been excessive to the extreme. Especially now that they are essentially doing nothing more than copy and paste Tudor news releases, and slapping their own name on top.  As far as I know, they are doing no work on any other properties.  For this, the CEO receives a half million dollars, and other execs also receive ...more  
Comment by bigboy999 on Dec 07, 2023 9:12pm
And here is what they charge Stinger (from Sedar). Don't know about Infinitey, I think it was delisted or something. Related party transactions The Company has identified its directors and certain senior officers as its key management personnel. During period ended September 30, 2023, the Company incurred the following related party transactions: a) Incurred management fees in the amount of  ...more  
Comment by bigboy999 on Dec 08, 2023 3:46pm
My bad, I did find the compensation AMK management received for managing Infinity Resources. From Sedar: Included in trade payables and accrued liabilities at September 30, 2023 is $372,500 (June 30, 2023 - $278,000) owed to companies owned by officers of the Company for accrued consulting fees. Infinity is trading at $.02. No comment on my part, just sharing some facts. ............... BB
Comment by HIGHonLITHIUM on Dec 08, 2023 3:53pm
Who cares Bigboy. This is the AMK board.
Comment by Garlick on Dec 12, 2023 12:56pm
Nice catch bigboy.  Lots of compensation is all I see.  Is there really a precedence in the penny stock world for all of this.  I just read Rockports post on the NSR on Tudors page.  Have the shareholders any idea what that really means to AMK and the "maybe" future windfall that was potentially sold down the river for some amount?  It burns me when I read about ...more  
Comment by rockport1 on Dec 12, 2023 5:01pm
September 30, 2021 AMK News Release https://www.americancreek.com/index.php/news/news-2021/556-mericanreekeportshatartnerudoroldasough20210930155503
Comment by bigboy999 on Dec 12, 2023 6:33pm
Just to make it easy for everyone   ........... BB Cardston, Alberta--(Newsfile Corp. - September 30, 2021) - American Creek Resources Ltd. (TSXV: AMK) ("the Corporation") is pleased to report that Tudor Gold has bought out and fully extinguished an underlying NSR interest on the Treaty Creek JV project located in the heart of the Golden Triangle of northwestern ...more  
Comment by rockport1 on Dec 12, 2023 8:49pm
Okay, now I'm confused.  AMK's news release is not very clear.  They do not mention that the NSR was purchased from AMK, which I thought was the case.  I have done further digging, which suggests AMK never held the NSR interest.  Instead it was an un-named third party?  So this is a correction from my earlier post.  This is from the AMK MD&A Amended ...more  
Comment by rockport1 on Dec 12, 2023 9:24pm
I had forgotten that St. Andrew's Goldfields held a 2% NSR on part of the Treaty Creek claims. Perhaps, this is what was extingusished on Sep 30, 2021?  The unamed NSR Holders may be whoever ended up with the NSR after a couple of buyouts.
Comment by bigboy999 on Dec 13, 2023 2:11am
Please check your private mail. Thanks ......... BB
Comment by fordster on Dec 13, 2023 7:21pm
Simply call Kelvin. He's the one that told me that AMK was not going to purchase into their TC NSR...which is around the same time of the 2021 NR. Perhaps they settled it by accepting 100,000 shares of TUD in addition.
The Market Update
{{currentVideo.title}} {{currentVideo.relativeTime}}
< Previous bulletin
Next bulletin >

At the Bell logo
A daily snapshot of everything
from market open to close.

{{currentVideo.companyName}}
{{currentVideo.intervieweeName}}{{currentVideo.intervieweeTitle}}
< Previous
Next >
Dealroom for high-potential pre-IPO opportunities