It looks like a done deal
American Creek Resources Receives Signing Fee Payment from Cunningham Mining
Cardston, Alberta--(Newsfile Corp. - October 2, 2024) - American Creek Resources Ltd. (TSXV: AMK) (OTCQB: ACKRF) (the "Company" or "American Creek") announces that it has received the $300,000 cash signing fee payment from Cunningham Mining Ltd. ("CML"), as required by the definitive arrangement agreement dated September 5, 2024 between the Company and CML, the details of which are set out in the Company's news release of September 6, 2024.
The parties are currently working on documentation for the Company's upcoming annual general and special meeting at which, amongst other things, shareholders will be asked to approve the statutory plan of arrangement with CML. The Company will provide further details regarding the meeting once they are finalized.
Darren Blaney, CEO of American Creek, stated: "We are pleased that this transaction is moving along in a timely manner. After fielding some questions on the matter, we also want to take this opportunity to clarify that the previous voting agreement Mr. Sprott had with the Company expired July 31, 2024, therefore, he was under no legal obligation to support this proposed arrangement with Cunningham. As previously stated, we are pleased to have Eric Sprott's full support and endorsement of this transaction."
About American Creek and the Treaty Creek Project
American Creek is a proud partner in the Treaty Creek Project, a joint venture with Tudor Gold Corp. located in BC's prolific "Golden Triangle".
American Creek holds a fully carried 20% interest in the Treaty Creek Project until a production notice is given, meaning that no exploration or development costs are incurred by American Creek until such time as a production notice has been issued. American Creek shareholders have a unique opportunity to avoid the dilutive effects of exploration while maintaining their full 20% exposure to one of the world's most exciting mega deposits.
The Company also holds the Austruck-Bonanza gold property located near Kamloops, BC.